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Company Registration No. 07174048 (England and Wales)
FR Properties (Development) Limited Unaudited accounts for the year ended 31 March 2023
FR Properties (Development) Limited Unaudited accounts Contents
Page
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FR Properties (Development) Limited Company Information for the year ended 31 March 2023
Director
P Sansbury
Company Number
07174048 (England and Wales)
Registered Office
20 East Drive Brighton BN2 0BQ
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FR Properties (Development) Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,000 
15,000 
Current assets
Debtors
395,457 
389,629 
Cash at bank and in hand
16,988 
48,476 
412,445 
438,105 
Creditors: amounts falling due within one year
(47,348)
(39,375)
Net current assets
365,097 
398,730 
Total assets less current liabilities
380,097 
413,730 
Creditors: amounts falling due after more than one year
(399,562)
(433,076)
Net liabilities
(19,465)
(19,346)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(20,465)
(20,346)
Shareholders' funds
(19,465)
(19,346)
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 26 March 2024 and were signed on its behalf by
P Sansbury Director Company Registration No. 07174048
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FR Properties (Development) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
FR Properties (Development) Limited is a private company, limited by shares, registered in England and Wales, registration number 07174048. The registered office is 20 East Drive, Brighton, BN2 0BQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Computer equipment
33.3% Straight line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
15,000 
353 
12,822 
28,175 
At 31 March 2023
15,000 
353 
12,822 
28,175 
Depreciation
At 1 April 2022
- 
353 
12,822 
13,175 
At 31 March 2023
- 
353 
12,822 
13,175 
Net book value
At 31 March 2023
15,000 
- 
- 
15,000 
At 31 March 2022
15,000 
- 
- 
15,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1 
1 
Amounts due from group undertakings etc.
394,871 
389,628 
Other debtors
585 
- 
395,457 
389,629 
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FR Properties (Development) Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
3,332 
Trade creditors
180 
- 
Other creditors
30,473 
32,348 
Accruals
6,695 
3,695 
47,348 
39,375 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,667 
43,351 
Loans from directors
372,895 
389,725 
399,562 
433,076 
8
Transactions with related parties
As at the reporting date, the company was owed £372,895 (2022 - £389,628) from five related companies. All companies are related by virtue of sharing the same Director.
9
Controlling party
The ultimate controlling party is P Sansbury. The immediate parent holding 100% of the share capital is FRPD Holding Ltd, a company registered in England & Wales.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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