Company Registration No. 05042208 (England and Wales)
Fruition Properties Limited
Unaudited accounts
for the year ended 31 March 2020
Fruition Properties Limited
Unaudited accounts
Contents
Fruition Properties Limited
Company Information
for the year ended 31 March 2020
Directors
Manish Khiroya
Hashit Shah
Parul Scampion
Company Number
05042208 (England and Wales)
Registered Office
23 Kensington Gardens Square
Bayswater
London
W2 4BE
United Kingdom
Fruition Properties Limited
Statement of financial position
as at
31 March 2020
Investments
1,212,858
1,175,481
Inventories
1,907
109,005
Cash at bank and in hand
5,612
35,732
Creditors: amounts falling due within one year
(1,057,067)
(1,223,720)
Net current liabilities
(566,230)
(868,729)
Total assets less current liabilities
646,628
306,752
Creditors: amounts falling due after more than one year
(1,401,500)
(1,061,726)
Net liabilities
(754,872)
(754,974)
Called up share capital
100
100
Profit and loss account
(754,972)
(755,074)
Shareholders' funds
(754,872)
(754,974)
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2020 and were signed on its behalf by
Parul Scampion
Director
Company Registration No. 05042208
Fruition Properties Limited
Notes to the Accounts
for the year ended 31 March 2020
Fruition Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05042208. The registered office is 23 Kensington Gardens Square, Bayswater, London, W2 4BE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Other investments
Valuation at 1 April 2019
1,175,481
Valuation at 31 March 2020
1,212,858
Work in progress
1,907
109,005
Trade debtors
5,220
44,030
Other debtors
478,098
166,224
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
200,240
96,796
Taxes and social security
26,609
15,009
Other creditors
830,218
1,111,915
Fruition Properties Limited
Notes to the Accounts
for the year ended 31 March 2020
8
Creditors: amounts falling due after more than one year
2020
2019
Amounts owed to group undertakings and other participating interests
1,201,500
856,459
Other creditors
200,000
205,267
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).