Fryer Properties Limited - Filleted accounts

Fryer Properties Limited - Filleted accounts

FRYER PROPERTIES LIMITED - Company Information

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Registered number
04656206
Fryer Properties Limited
Unaudited Filleted Accounts
31 March 2017
Fryer Properties Limited
Registered number: 04656206
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Current assets
Stocks 240,000 240,000
Debtors 3 873 1,032
Cash at bank and in hand 6,379 1,824
247,252 242,856
Creditors: amounts falling due within one year 4 (380,482) (380,263)
Net current liabilities (133,230) (137,407)
Net liabilities (133,230) (137,407)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (134,230) (138,407)
Shareholders' funds (133,230) (137,407)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Linton-Crook
Director
Approved by the board on 11 December 2017
Fryer Properties Limited
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Stock of Properties
Properties acquired for development are stated at the lower of their purchase price and all legal and refurbishment costs incurred to date and estimated realisable value. The recognition point in the purchase and sale of properties is legal completion.
2 Going Concern Basis
The financial statements have been drawn up on a going concern basis as the Company's losses to date have been funded by the directors who have agreed to postpone repayment of their loans until all other creditors have been repaid.
3 Debtors 2017 2016
£ £
Rents receivable 873 1,032
4 Creditors: amounts falling due within one year 2017 2016
£ £
Bank loans and overdrafts 240,650 240,650
Amounts owed to group undertakings and undertakings in which the company has a participating interest 61,868 61,868
Shareholders loans 73,900 73,900
Other creditors 4,064 3,845
380,482 380,263
5 Other information
Fryer Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Trinity
161 Old Christchurch Road
Bournemouth
Dorset
BH1 1JU
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