Fort Fareham Industrial Estate Management Company Ltd 31/12/2018 iXBRL

FORT FAREHAM INDUSTRIAL ESTATE MANAGEMENT COMPANY LIMITED - Company Information

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Company registration number: 05051499

Fort Fareham Industrial Estate Management Company Ltd

Financial statements

31 December 2018

Fort Fareham Industrial Estate Management Company Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Fort Fareham Industrial Estate Management Company Ltd

Directors and other information


	Directors
		Mrs H Russell


	Secretary	R Wyatt


	Company number	05051499


	Registered office	227A West Street
		Fareham
		Hampshire
		PO16 0HZ


	Business address	Unit 3 Axis Park
		Fort Fareham Industrial Estate
		Newgate Lane
		Fareham
		PO14 1FD


	Accountants	Arthur Daniels & Company
		227a West Street
		Fareham
		PO16 0HZ




	Bankers	Royal Bank of Scotland Plc
		West Quay House
		20 West Street
		Fareham
		PO16 0LH

Fort Fareham Industrial Estate Management Company Ltd

Chartered accountants report to the board of directors on the preparation of the

statutory financial statements of Fort Fareham Industrial Estate Management Company Ltd

Year ended 31 December 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fort Fareham Industrial Estate Management Company Ltd for the year ended 31 December 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.

This report is made solely to the board of directors of Fort Fareham Industrial Estate Management Company Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Fort Fareham Industrial Estate Management Company Ltd and state those matters that we have agreed to state to the board of directors of Fort Fareham Industrial Estate Management Company Ltd as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fort Fareham Industrial Estate Management Company Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Fort Fareham Industrial Estate Management Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fort Fareham Industrial Estate Management Company Ltd. You consider that Fort Fareham Industrial Estate Management Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fort Fareham Industrial Estate Management Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Arthur Daniels & Company

Chartered Accountants

227a West Street

Fareham

PO16 0HZ

29 January 2019

Fort Fareham Industrial Estate Management Company Ltd

Statement of financial position

31 December 2018

		2018		2017
	Note	£	£	£	£

Current assets
Debtors	4	61		58
Cash at bank and in hand		5,073		5,269
		_______		_______
		5,134		5,327
Creditors: amounts falling due
within one year	5	( 552)		( 504)
		_______		_______
Net current assets			4,582		4,823
			_______		_______
Total assets less current liabilities			4,582		4,823

			_______		_______
Net assets			4,582		4,823
			_______		_______

Capital and reserves
Called up share capital			10		10
Profit and loss account			4,572		4,813
			_______		_______
Shareholders funds			4,582		4,823
			_______		_______

For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 January 2019 , and are signed on behalf of the board by:

Mrs H Russell

Director

Company registration number: 05051499

Fort Fareham Industrial Estate Management Company Ltd

Statement of changes in equity

Year ended 31 December 2018

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2017	10	4,147	4,157

(Loss)/profit for the year		666	666
	_______	_______	_______
Total comprehensive income for the year	-	666	666

	_______	_______	_______
At 31 December 2017 and 1 January 2018	10	4,813	4,823

(Loss)/profit for the year		( 241)	( 241)
	_______	_______	_______
Total comprehensive income for the year	-	( 241)	( 241)

	_______	_______	_______
At 31 December 2018	10	4,572	4,582
	_______	_______	_______

Fort Fareham Industrial Estate Management Company Ltd

Notes to the financial statements

Year ended 31 December 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 227A West Street, Fareham, Hampshire, PO16 0HZ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4. Debtors

	2018	2017
	£	£
Other debtors	61	58
	_______	_______

5. Creditors: amounts falling due within one year

	2018	2017
	£	£
Other creditors	552	504
	_______	_______

6. Controlling party

The company is controlled by it's shareholders.