Fengrow Limited - Accounts to registrar (filleted) - small 18.2

Fengrow Limited - Accounts to registrar (filleted) - small 18.2

FENGROW LIMITED - Company Information

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IRIS Accounts Production v22.1.0.628 SC166517 director 1.10.20 30.9.21 30.9.21 false true false false true false Fair value model Ordinary shares 1.00000 Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1665172020-09-30SC1665172021-09-30SC1665172020-10-012021-09-30SC1665172019-09-30SC1665172019-10-012020-09-30SC1665172020-09-30SC166517ns16:Scotland2020-10-012021-09-30SC166517ns15:PoundSterling2020-10-012021-09-30SC166517ns11:Director12020-10-012021-09-30SC166517ns11:PrivateLimitedCompanyLtd2020-10-012021-09-30SC166517ns11:SmallEntities2020-10-012021-09-30SC166517ns11:AuditExempt-NoAccountantsReport2020-10-012021-09-30SC166517ns11:SmallCompaniesRegimeForDirectorsReport2020-10-012021-09-30SC166517ns11:SmallCompaniesRegimeForAccounts2020-10-012021-09-30SC166517ns11:FullAccounts2020-10-012021-09-30SC166517ns11:OrdinaryShareClass12020-10-012021-09-30SC166517ns11:CompanySecretary12020-10-012021-09-30SC166517ns11:RegisteredOffice2020-10-012021-09-30SC166517ns6:CurrentFinancialInstruments2021-09-30SC166517ns6:CurrentFinancialInstruments2020-09-30SC166517ns6:ShareCapital2021-09-30SC166517ns6:ShareCapital2020-09-30SC166517ns6:FurtherSpecificReserve3ComponentTotalEquity2021-09-30SC166517ns6:FurtherSpecificReserve3ComponentTotalEquity2020-09-30SC166517ns6:RetainedEarningsAccumulatedLosses2021-09-30SC166517ns6:RetainedEarningsAccumulatedLosses2020-09-30SC166517ns6:WithinOneYearns6:CurrentFinancialInstruments2021-09-30SC166517ns6:WithinOneYearns6:CurrentFinancialInstruments2020-09-30SC166517ns6:AfterOneYearns6:Non-currentFinancialInstruments2021-09-30SC166517ns6:AfterOneYearns6:Non-currentFinancialInstruments2020-09-30SC166517ns11:OrdinaryShareClass12021-09-30SC166517ns6:RetainedEarningsAccumulatedLosses2020-09-30SC166517ns6:FurtherSpecificReserve3ComponentTotalEquity2020-09-30SC166517ns6:RetainedEarningsAccumulatedLosses2020-10-012021-09-30
REGISTERED NUMBER: SC166517 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 September 2021

for

FENGROW LIMITED
FENGROW LIMITED (REGISTERED NUMBER: SC166517)

Contents of the Financial Statements
for the Year Ended 30 September 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FENGROW LIMITED

Company Information
for the Year Ended 30 September 2021







Director: C M Beattie





Secretary: K Kirkland





Registered office: 731 Great Western Road
Glasgow
G12 8QX





Registered number: SC166517 (Scotland)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN
Page 1
FENGROW LIMITED (REGISTERED NUMBER: SC166517)

Balance Sheet
30 September 2021

2021 2020
Notes £    £    £    £   
Fixed assets
Investment property 5 400,000 400,000

Current assets
Debtors 6 293,015 279,359
Cash at bank 1,461 10,591
294,476 289,950
Creditors
Amounts falling due within one year 7 227,923 260,375
Net current assets 66,553 29,575
Total assets less current liabilities 466,553 429,575

Provisions for liabilities 35,300 35,300
Net assets 431,253 394,275

Capital and reserves
Called up share capital 8 2 2
Fair value reserve 9 237,227 237,227
Retained earnings 9 194,024 157,046
Shareholders' funds 431,253 394,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 May 2022 and were signed by:





C M Beattie - Director


The notes on pages 3 to 4 form part of these financial statements

Page 2
FENGROW LIMITED (REGISTERED NUMBER: SC166517)

Notes to the Financial Statements
for the Year Ended 30 September 2021


1. Statutory information

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

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises of revenue recognised by the company in respect of rental income and discounts received during the year.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is charged or credited to the profit and loss account.

Although this accounting policy is in accordance with FRS 102 Section 1A it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

4. Employees and directors

The average number of employees during the year was 1 (2020 - 1 ) .

5. Investment property
Total
£   
Fair value
At 1 October 2020
and 30 September 2021 400,000
Net book value
At 30 September 2021 400,000
At 30 September 2020 400,000

The investment property was valued, on an open market basis, on 26 March 2008 by Graham Sibbald, Chartered Surveyors who are external to the company at £400,000. The historical cost of the property is £127,473 (2020 - £127,473). At 30 September 2021 the director considered this open market value was unchanged.


6. Debtors
2021 2020
£    £   
Amounts falling due within one year:
Other debtors 35,095 21,439

Page 3
FENGROW LIMITED (REGISTERED NUMBER: SC166517)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


6. Debtors - continued
2021 2020
£    £   
Amounts falling due after more than one year:
Other debtors 257,920 257,920

Aggregate amounts 293,015 279,359

7. Creditors: amounts falling due within one year
2021 2020
£    £   
Taxation and social security 31,870 22,629
Other creditors 196,053 237,746
227,923 260,375

8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 Ordinary shares £1 2 2

9. Reserves
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2020 157,046 237,227 394,273
Profit for the year 36,978 - 36,978
At 30 September 2021 194,024 237,227 431,251

10. Controlling party

The company is controlled by C M Beattie by virtue of owning all the issued share capital of the company.

Page 4