Fat Cheepy Limited - Accounts to registrar (filleted) - small 18.2

Fat Cheepy Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 04633857 (England and Wales)














FAT CHEEPY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021






FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


FAT CHEEPY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTORS: Dr P J Bryden
Mr C Bryden





SECRETARY: Dr P J Bryden





REGISTERED OFFICE: Chestnuts
Old Forewood Lane
Crowhurst
East Sussex
TN33 9AA





REGISTERED NUMBER: 04633857 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ

FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 403,435 401,502

CURRENT ASSETS
Debtors 5 3,188 2,491
Cash at bank 16,491 17,298
19,679 19,789
CREDITORS
Amounts falling due within one year 6 3,730 1,262
NET CURRENT ASSETS 15,949 18,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,384

420,029

CREDITORS
Amounts falling due after more than
one year

7

(361,407

)

(371,407

)

PROVISIONS FOR LIABILITIES (41,000 ) (41,000 )
NET ASSETS 16,977 7,622

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 164,000 164,000
Retained earnings (147,123 ) (156,478 )
SHAREHOLDERS' FUNDS 16,977 7,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

BALANCE SHEET - continued
31 MARCH 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2021 and were signed on its behalf by:





Dr P J Bryden - Director


FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

Fat Cheepy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis. The Directors have indicated that they will continue to support the company on this basis.

Taking into account the above factors, the Directors consider that it is appropriate for the accounts to be prepared on a going concern basis.

Turnover
Turnover represents rental income and consultancy income receivable for the year (excluding VAT).

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2020 401,502
Additions 1,933
At 31 March 2021 403,435
NET BOOK VALUE
At 31 March 2021 403,435
At 31 March 2020 401,502

Fair value at 31 March 2021 is represented by:
£   
Valuation in 2016 205,000
Cost 198,435
403,435

FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


4. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2021 2020
£    £   
Cost 198,435 196,502

Investment properties were valued on an open market basis on 31 March 2021 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 3,188 2,491

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 2,470 2
Other creditors 1,260 1,260
3,730 1,262

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 59,504 59,504
Other creditors 301,903 311,903
361,407 371,407

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalment

59,504

59,504

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Property mortgage 59,504 59,504

9. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 2021 2020
value: £    £   
100 Share capital £1 100 100

FAT CHEEPY LIMITED (REGISTERED NUMBER: 04633857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


10. RESERVES
Revaluatio
reserve
£   
At 1 April 2020
and 31 March 2021 164,000