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REGISTERED NUMBER: 13281738 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Frosty Properties Limited

Frosty Properties Limited (Registered number: 13281738)






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


Frosty Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Frost
Miss V M Turner





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gaisnborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 13281738 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Frosty Properties Limited (Registered number: 13281738)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,617 -
Investment property 5 275,241 -
278,858 -

CURRENT ASSETS
Debtors 6 - 2
Cash at bank 4,162 -
4,162 2
CREDITORS
Amounts falling due within one year 7 99,937 -
NET CURRENT (LIABILITIES)/ASSETS (95,775 ) 2
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,083

2

CREDITORS
Amounts falling due after more than one
year

8

174,895

-
NET ASSETS 8,188 2

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,186 -
8,188 2

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.

Frosty Properties Limited (Registered number: 13281738)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2023 and were signed on its behalf by:





J Frost - Director


Frosty Properties Limited (Registered number: 13281738)

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

1. STATUTORY INFORMATION

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

Intangible assets
Crypto currency assets held by the company are shown in the balance sheet 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.

Taxation
Taxation for the year 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 year 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 year was NIL (2022 - NIL).

Frosty Properties Limited (Registered number: 13281738)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 3,617
At 31 March 2023 3,617
NET BOOK VALUE
At 31 March 2023 3,617

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 275,241
At 31 March 2023 275,241
NET BOOK VALUE
At 31 March 2023 275,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Called up share capital not paid - 2

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 1,920 -
Directors' current accounts 97,417 -
Accrued expenses 600 -
99,937 -

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Mortgages 174,895 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 174,895 -

Frosty Properties Limited (Registered number: 13281738)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Mortgages 174,895 -