FK Project Management Limited - Accounts to registrar (filleted) - small 18.2

FK Project Management Limited - Accounts to registrar (filleted) - small 18.2

FK PROJECT MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 07442815 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

FK PROJECT MANAGEMENT LIMITED
FK PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07442815)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FK PROJECT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTOR: Mrs F Khartu





REGISTERED OFFICE: 7, Rivermill
151 Grosvenor Road
London
SW1V 3JN





REGISTERED NUMBER: 07442815 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS
Page 1
FK PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07442815)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 370 888
Investment property 5 2,231,447 2,231,447
2,231,817 2,232,335

CURRENT ASSETS
Stocks 147,883 -
Debtors 6 33,945 123,011
Cash at bank 1,193,306 663,572
1,375,134 786,583
CREDITORS
Amounts falling due within one year 7 512,287 1,018,030
NET CURRENT ASSETS/(LIABILITIES) 862,847 (231,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,094,664
2,000,888

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,094,564 2,000,788
SHAREHOLDERS' FUNDS 3,094,664 2,000,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2021 and were signed by:




Mrs F Khartu - Director


The notes form part of these financial statements

Page 2
FK PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07442815)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1. STATUTORY INFORMATION

FK Project Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Computer equipment - 33.33% straight line

Investment property
The investment properties are valued at cost, which is not considered to be materially different from market value.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 3 continued...
FK PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07442815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021

2. ACCOUNTING POLICIES - continued

Deferred income
Deferred income is provided in the accounts period for sales where the goods or services have not been supplied although sale invoices raised. The income is recognised when the stage of supply is completed and a right of consideration is due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2020
and 31 March 2021 5,228 10,583 15,811
DEPRECIATION
At 1 April 2020 4,674 10,249 14,923
Charge for year 184 334 518
At 31 March 2021 4,858 10,583 15,441
NET BOOK VALUE
At 31 March 2021 370 - 370
At 31 March 2020 554 334 888

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2020
and 31 March 2021 2,231,447
NET BOOK VALUE
At 31 March 2021 2,231,447
At 31 March 2020 2,231,447

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 72,675
Other debtors 10,500 25,888
Prepayments 23,445 24,448
33,945 123,011

Page 4 continued...
FK PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07442815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 33,679 189,143
Other creditors 9,211 34,792
Tax 278,233 25,475
Social security and other taxes 8,070 9,297
VAT 26,313 61,809
Director's current account 4,780 3,790
Accruals & deferred income 152,001 693,724
512,287 1,018,030

Included in accruals & deferred income are £687,987 in respect of deferred income.

8. RELATED PARTY DISCLOSURES

The director, F Khartu, holds a current account with the company and the balance due to the director at 31st
March 2021 amounted to £4,780 (2020 £3,790).

Page 5