Foye Estates Limited - Accounts to registrar (filleted) - small 23.2.5
Foye Estates Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 30 June 2022 |
| for |
| FOYE ESTATES LIMITED |
| FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521) |
| Contents of the Financial Statements |
| For The Year Ended 30 June 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FOYE ESTATES LIMITED |
| Company Information |
| For The Year Ended 30 June 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| T/A Lees-Buckley & Co |
| 16 Northfields Prospect |
| Putney Bridge Road |
| London |
| SW18 1PE |
| FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521) |
| Balance Sheet |
| 30 June 2022 |
| 30.6.22 | 30.6.21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Non Distributable Reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521) |
| Balance Sheet - continued |
| 30 June 2022 |
| 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 |
| FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521) |
| Notes to the Financial Statements |
| For The Year Ended 30 June 2022 |
| 1. | STATUTORY INFORMATION |
| Foye Estates Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises income from consultancy, property and other sales and rents received in the year, stated net of value added tax. |
| Tangible fixed assets |
| Investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation is provided in respect of freehold investment properties or on property improvements. |
| Depreciation is provided on all other tangible fixed assets at rates calculated to write off each asset over its expected useful life as follows: |
| Plant and equipment - 20% on cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2021 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Property | Plant and |
| improvements | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2021 |
| and 30 June 2022 |
| DEPRECIATION |
| At 1 July 2021 |
| Charge for year |
| At 30 June 2022 |
| NET BOOK VALUE |
| At 30 June 2022 |
| At 30 June 2021 |
| FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 June 2022 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2021 |
| Disposals | ( |
) |
| Revaluations | (1,896 | ) |
| At 30 June 2022 |
| NET BOOK VALUE |
| At 30 June 2022 |
| At 30 June 2021 |
| The investment property was revalued by G Peters, a director of the company and a professional property valuer on an open market basis at 30th June 2022. In the opinion of the directors at 30th June 2022, there was no material difference between the book and fair value of the property. |
| Fair value at 30 June 2022 is represented by: |
| £ |
| Valuation in 2014 | 1,039,114 |
| Valuation in 2020 | (200,000 | ) |
| Valuation in 2021 | (100,000 | ) |
| Valuation in 2022 | (1,896 | ) |
| Cost | 454,782 |
| 1,192,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.22 | 30.6.21 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT refund due | 2,310 | - |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.22 | 30.6.21 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Value added tax | - | 1,077 |
| Tiger Tees Limited loan | 11,287 | 11,287 |
| Directors' current accounts | 153,784 | 173,450 |
| Accruals |
| Deferred income |
| FOYE ESTATES LIMITED (REGISTERED NUMBER: 01938521) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 June 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.22 | 30.6.21 |
| £ | £ |
| Bank loans - 2-5 years |
| . |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.22 | 30.6.21 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RESERVES |
| Non |
| Retained | Distributable |
| earnings | Reserve | Totals |
| £ | £ | £ |
| At 1 July 2021 | 1,103,089 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Revaluation | - | (1,896 | ) | (1,896 | ) |
| At 30 June 2022 | 1,117,932 |
| 11. | RELATED PARTY DISCLOSURES |
| Included in creditors is a loan from Tiger Tees Limited of £11,287 (2021 £11,287), a company of which Mr G Peters is a director. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr G Peters by virtue of his ownership of 55% of the issued ordinary share capital in the company. |