Fandrive Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01999393

Unaudited Financial Statements for the Year Ended 31 March 2023

for

FANDRIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mukesh Kanubhai Patel

Parul Narendra Patel

Viresh Mukesh Patel

Niral Narendra Patel

SECRETARY:

Mukesh Kanubhai Patel

REGISTERED OFFICE:

2nd Floor, Compton House

29-33 Church Road

Stanmore

Middleses

HA7 4AR

REGISTERED NUMBER:

01999393

ACCOUNTANTS:

Butler & Co LLP

Chartered Accountants

Third Floor

126-134 Baker Street

London

W1U 6UE

FIXED ASSETS

Investments

4

52

CURRENT ASSETS

Debtors

5

298,769

299,129

CREDITORS

Amounts falling due within one year

6

235,687

235,657

NET CURRENT ASSETS

63,082

63,472

TOTAL ASSETS LESS CURRENT
LIABILITIES

63,134

63,524

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

63,034

63,424

SHAREHOLDERS' FUNDS

63,134

63,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 authorised for issue by the Board of Directors and authorised for issue on 11 July 2023 and were signed on its behalf by:

Viresh Mukesh Patel - Director

1.	STATUTORY INFORMATION

Fandrive Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Going concern

The directors consider that the financial resources available to the Company are adequate to meet its operational needs for the foreseeable future or at least 12 months from the date of signature of these accounts. Accordingly, the going concern basis has been adopted in preparing these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

COST

At 1 April 2022

and 31 March 2023

7

45

52

NET BOOK VALUE

At 31 March 2023

7

45

52

At 31 March 2022

7

45

52

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Amounts owed by group undertakings

298,769

299,129

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Other creditors

23,292

Loan fr associated undertaking

20,000

Other loans less than 1yr

173,649

Directors' current accounts

17,361

Accrued expenses

1,385

1,355

235,687

235,657

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

100

Ordinary

1

100

8.

RESERVES

Retained

earnings

£

At 1 April 2022

63,424

Deficit for the year

(390

)

At 31 March 2023

63,034

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the Trustees of the Niral and Vishal Patel Trust.

Fandrive Limited - Accounts to registrar (filleted) - small 23.1.2

Fandrive Limited - Accounts to registrar (filleted) - small 23.1.2