FBC Property Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13001994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6 NOVEMBER 2020 TO 31 MARCH 2021

FOR

FBC PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Fisher

Mrs A J Head

REGISTERED OFFICE:

2a Bridge Square

Farnham

Surrey

GU9 7QR

REGISTERED NUMBER:

13001994 (England and Wales)

ACCOUNTANTS:

Tiakyfee Consultants Ltd

5 Dukes Close

Alton

Hampshire

GU34 1PH

FIXED ASSETS

Investments

4

10,000

Investment property

5

730,292

740,292

CREDITORS

Amounts falling due within one year

6

243,449

NET CURRENT LIABILITIES

(243,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

496,843

PROVISIONS FOR LIABILITIES

21,391

NET ASSETS

475,452

CAPITAL AND RESERVES

Called up share capital

10,000

Fair value reserve

7

91,195

Retained earnings

374,257

475,452

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2021 and were signed on its behalf by:

Mrs A J Head - Director

1.	STATUTORY INFORMATION

FBC Property Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, will be measured, initially and subsequently, at the undiscounted amount, unless the transaction is beyond the normal business terms or financed at a rate of interest that is not a market rate.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

10,000

At 31 March 2021

10,000

NET BOOK VALUE

At 31 March 2021

10,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

730,292

At 31 March 2021

730,292

NET BOOK VALUE

At 31 March 2021

730,292

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

241,936

Other creditors

1,513

243,449

7.

RESERVES

Fair

value

reserve

£

Unrealised gain on investment

91,195

At 31 March 2021

91,195

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY