FB 88 Limited - Period Ending 2022-12-31

FB 88 Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

FB 88 Limited

(Registration number: 07292473 )
Balance Sheet as at 31 December 2022

	Note	2022 £	2021 £
Fixed assets
Investments	4	180,900	180,900
Current assets
Debtors	5	114,000	-
Cash at bank and in hand		48	48
		114,048	48
Creditors: Amounts falling due within one year	6	(114,000)	-
Net current assets		48	48
Net assets		180,948	180,948
Capital and reserves
Called up share capital		2	2
Retained earnings		180,946	180,946
Shareholders' funds		180,948	180,948

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 June 2023 and signed on its behalf by:
 

FB 88 Limited

(Registration number: 07292473 )
Balance Sheet as at 31 December 2022

......................................... Mr A M Stone Director

......................................... Mrs A L Stone Director

FB 88 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Acacia House
29 Bridge Street
Belper
Derbyshire
DE56 1AY

2	Accounting policies

Basis of preparation

These financial statements have been prepared in accordance with FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Exemption from preparing group accounts
 

The company has taken advantage of the exemptions in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group.

Going concern

The financial statements have been prepared on a going concern basis.

Fixed asset investments

Investments in the shares of group undertakings are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable/payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

FB 88 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

FB 88 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4	Fixed asset investments

	2022 £	2021 £
Shares in group undertakings	180,900	180,900

Subsidiary undertakings	£
Cost
At 1 January 2022	180,900
Provision
At 31 December 2022	-
Carrying amount
At 31 December 2022	180,900
At 31 December 2021	180,900

5

Debtors

	2022 £	2021 £
Amounts owed by related parties	114,000	-

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Other creditors	114,000	-

7	Related party transactions

Income and receivables from related parties

2022	Subsidiary £
Amounts receivable from related party	114,000

Expenditure with and payables to related parties

2022	Key management £
Amounts payable to related party	114,000