Fitzgeorge & Fitzjames Freehold Limited
Fitzgeorge & Fitzjames Freehold Limited
Registered number: 09079892
Financial Statements
For The Year Ended
29 September 2023
Fitzgeorge & Fitzjames Freehold Limited
Financial Statements
For The Year Ended
29 September 2023
Financial Statements
Contents | |
Page | |
---|---|
Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
Page 1
Fitzgeorge & Fitzjames Freehold Limited
Balance Sheet
As At
29 September 2023
Balance Sheet
Registered number:
09079892
For the year ending 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Stocks | 4 |
|
|
||
Debtors | 5 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
NET ASSETS |
|
|
|||
Income and Expenditure Account |
|
|
|||
MEMBERS' FUNDS | 58,262 | 8,738 | |||
On behalf of the board
Director
|
|
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Fitzgeorge & Fitzjames Freehold Limited
Notes to the Financial Statements
For The Year Ended
29 September 2023
Notes to the Financial Statements
1.
General Information
Fitzgeorge & Fitzjames Freehold Limited
is a private company, limited by guarantee, incorporated in England & Wales, registered number
09079892
. The registered office is 23 North End Parade, North End Road, London, W14 0SJ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
2.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell, is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit and loss.
2.4.
Taxation
Income tax expense represents the tax currently payable.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
4.
Stocks
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Long term contracts - Leases held for resale |
|
|
|
|
|
||
5.
Debtors
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
|
|
||
Page 2
Page 3
Fitzgeorge & Fitzjames Freehold Limited
Notes to the Financial Statements (continued)
For The Year Ended
29 September 2023
6.
Creditors: Amounts Falling Due Within One Year
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Corporation tax |
|
|
|
Other creditors |
|
|
|
Accruals and deferred income |
|
|
|
|
|
||
7.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3