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REGISTERED NUMBER: 02707215 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Francis Holdings Limited

Francis Holdings Limited (Registered number: 02707215)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Francis Holdings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R A Stewart-Jones
R C Francis





SECRETARY: R A Stewart-Jones





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 02707215 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Francis Holdings Limited (Registered number: 02707215)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,642 -
Investments 5 93,183 96,578
Investment property 6 1,140,000 1,140,000
1,234,825 1,236,578

CURRENT ASSETS
Debtors 7 614 700
Cash at bank 79,686 93,626
80,300 94,326
CREDITORS
Amounts falling due within one year 8 46,533 46,513
NET CURRENT ASSETS 33,767 47,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,268,592

1,284,391

CAPITAL AND RESERVES
Called up share capital 112,350 112,350
Share premium 9 14,063 14,063
Capital redemption reserve 9 188,321 188,321
Fair value reserve 9 604,278 610,049
Retained earnings 9 349,580 359,608
SHAREHOLDERS' FUNDS 1,268,592 1,284,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Francis Holdings Limited (Registered number: 02707215)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





R A Stewart-Jones - Director


Francis Holdings Limited (Registered number: 02707215)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Francis Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rent receivable, excluding value added tax. Turnover is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value in accordance with Section 1A 'Small Entities' of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

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.

Fixed asset investments
Listed investments are valued at their fair value at the balance sheet date and any changes between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,190
At 31 March 2023 2,190
DEPRECIATION
Charge for year 548
At 31 March 2023 548
NET BOOK VALUE
At 31 March 2023 1,642

Francis Holdings Limited (Registered number: 02707215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 96,578
Additions 19,249
Disposals (16,887 )
Revaluations (5,757 )
At 31 March 2023 93,183
NET BOOK VALUE
At 31 March 2023 93,183
At 31 March 2022 96,578

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2023 93,183

If fixed asset investments had not been revalued they would have been included at a cost of £83,824 (2022: £81,462).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,140,000
NET BOOK VALUE
At 31 March 2023 1,140,000
At 31 March 2022 1,140,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 1,140,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 545,081 545,081
Aggregate depreciation (283,442 ) (272,541 )

Freehold investment property was valued on a fair value basis on 31 March 2023 by the directors .

Francis Holdings Limited (Registered number: 02707215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 614 700

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 13,507 14,090
Social security and other taxes 4,452 5,280
Directors' current accounts 1,477 50
Accruals and deferred income 27,097 27,093
46,533 46,513

9. RESERVES
Capital Fair
Retained Share redemption value
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 April 2022 359,608 14,063 188,321 610,049 1,172,041
Profit for the year 60,201 60,201
Dividends (76,000 ) (76,000 )
Transfer 5,771 - - (5,771 ) -
At 31 March 2023 349,580 14,063 188,321 604,278 1,156,242