Fourboys Properties Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11051419 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2022

for

Fourboys Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Morley

Mrs S V M Navarro

Mrs M L M Taylor

REGISTERED OFFICE:

Hine House

25 Regent Street

Nottingham

NG1 5BS

REGISTERED NUMBER:

11051419 (England and Wales)

ACCOUNTANTS:

Mellor Oxland LLP

Hine House

25 Regent Street

Nottingham

NG1 5BS

FIXED ASSETS

Investment property

4

1,618,045

1,614,712

CURRENT ASSETS

Debtors

5

1,403

4,228

Cash at bank

102,179

61,609

103,582

65,837

CREDITORS

Amounts falling due within one year

6

37,253

72,521

NET CURRENT ASSETS/(LIABILITIES)

66,329

(6,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,684,374

1,608,028

CREDITORS

Amounts falling due after more than one year

7

1,531,900

1,531,900

NET ASSETS

152,474

76,128

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

152,374

76,028

152,474

76,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 approved by the Board of Directors and authorised for issue on 31 July 2023 and were signed on its behalf by:

Mr J Morley - Director

1.	STATUTORY INFORMATION

Fourboys Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2021

1,614,712

Additions

3,333

At 30 November 2022

1,618,045

NET BOOK VALUE

At 30 November 2022

1,618,045

At 30 November 2021

1,614,712

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

1,403

4,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

17,908

16,329

Other creditors

19,345

56,192

37,253

72,521

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

1,531,900

1,531,900

8.	CALLED UP SHARE CAPITAL

Share capital comprises of:

25 A Ordinary Share of £ 1 each

25 B Ordinary Share of £ 1 each

25 C Ordinary Share of £ 1 each

25 D Ordinary Share of £ 1 each

9.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount owed to the directors of £1,531,900 (in aggregate) (2021 £1,531,900). This loan is repayable upon demand however the directors would not seek repayment until cashflow permits. The loan is interest free but the directors reserve the right to charge interest on the loan.

Also, included in other creditors is an amount of £9,802 (2021 £9,332) due to Devonshire Avenue Developments Limited, a company with common directors and common shareholders. The loan is interest free and repayable upon demand.