FFF Properties Limited - Period Ending 2013-12-31

Registration number: 5243853

FFF Properties Limited

Unaudited Abbreviated Financial Statements

for the Year Ended 31 December 2013

FFF Properties Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Financial Statements 2 to 3

FFF Properties Limited
(Registration number: 5243853)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					95,829			101,486
		2			95,829			101,486
Current assets
Cash at bank and in hand					540			747
Creditors: Amounts falling due within one year		3			(49,370)			(48,998)
Net current liabilities					(48,830)			(48,251)
Total assets less current liabilities					46,999			53,235
Creditors: Amounts falling due after more than one year		3			(106,194)			(106,194)
Net liabilities					(59,195)			(52,959)
Capital and reserves
Called up share capital		4			1			1
Profit and loss account					(59,196)			(52,960)
Shareholders' deficit					(59,195)			(52,959)

For the year ending 31 December 2013 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

Approved by the director on 30 July 2014

 S Mustafa
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

FFF Properties Limited
Notes to the Abbreviated Financial Statements for the
Year Ended 31 December 2013

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated financial statements have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards.

Going concern

The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern, which the director considers appropriate having regard to the circumstances outlined in note 5.

Exemption from preparing a cash flow statement

The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company during the period, net of discounts.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold buildings	4% on cost
Plant and machinery	20% on net book value

Deferred tax

Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

Page 2

FFF Properties Limited
Notes to the Abbreviated Financial Statements for the
Year Ended 31 December 2013

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2013		141,407			141,407
At 31 December 2013		141,407			141,407
Depreciation
At 1 January 2013		39,921			39,921
Charge for the year		5,657			5,657
At 31 December 2013		45,578			45,578
Net book value
At 31 December 2013		95,829			95,829
At 31 December 2012		101,486			101,486

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2013 £			2012 £
Amounts falling due after more than one year		106,194			106,194

Included in the creditors are the following amounts due after more than five years:

		2013 £			2012 £
After more than five years by instalments		106,194			106,194

4	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

5	Going Concern

The financial statements have been prepared on a going concern basis. As the director will continue to make funds available to the company in the future, he believes that the going concern basis is appropriate for these financial statements.

Page 3