IRIS Accounts Production v23.4.0.336 04526938 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045269382022-07-31045269382023-07-31045269382022-08-012023-07-31045269382021-07-31045269382021-08-012022-07-31045269382022-07-3104526938ns15:EnglandWales2022-08-012023-07-3104526938ns14:PoundSterling2022-08-012023-07-3104526938ns10:Director12022-08-012023-07-3104526938ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3104526938ns10:SmallEntities2022-08-012023-07-3104526938ns10:AuditExemptWithAccountantsReport2022-08-012023-07-3104526938ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3104526938ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3104526938ns10:FullAccounts2022-08-012023-07-3104526938ns10:OrdinaryShareClass12022-08-012023-07-3104526938ns10:Director22022-08-012023-07-3104526938ns10:Director32022-08-012023-07-3104526938ns10:CompanySecretary12022-08-012023-07-3104526938ns10:RegisteredOffice2022-08-012023-07-3104526938ns5:CurrentFinancialInstruments2023-07-3104526938ns5:CurrentFinancialInstruments2022-07-3104526938ns5:Non-currentFinancialInstruments2023-07-3104526938ns5:Non-currentFinancialInstruments2022-07-3104526938ns5:FurnitureFittings2022-08-012023-07-3104526938ns5:ComputerEquipment2022-08-012023-07-3104526938ns5:FurnitureFittings2022-07-3104526938ns5:ComputerEquipment2022-07-3104526938ns5:FurnitureFittings2023-07-3104526938ns5:ComputerEquipment2023-07-3104526938ns5:FurnitureFittings2022-07-3104526938ns5:ComputerEquipment2022-07-3104526938ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3104526938ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3104526938ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 04526938 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Friars Ford Estates Limited

Friars Ford Estates Limited (Registered number: 04526938)






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




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Friars Ford Estates Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr. Michael Alan Woodall
Mr. Thomas Paul Woodall
Mrs. Sally Elizabeth Woodall





SECRETARY: Mr. Thomas Paul Woodall





REGISTERED OFFICE: Grange Cottage
Manor Road
Goring on Thames
Berkshire
RG8 9ED





REGISTERED NUMBER: 04526938 (England and Wales)





ACCOUNTANTS: Avalon Accounting Limited
12 Park Lane
Tilehurst
Reading
Berkshire
RG31 5DL

Friars Ford Estates Limited

Report of the Accountants to the Directors of
Friars Ford Estates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Avalon Accounting Limited
12 Park Lane
Tilehurst
Reading
Berkshire
RG31 5DL


Date: .............................................

Friars Ford Estates Limited (Registered number: 04526938)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 83 111
Investment property 5 225,000 225,000
225,083 225,111

CURRENT ASSETS
Debtors 6 38,025 34,570
Cash at bank 1,480 1,316
39,505 35,886
CREDITORS
Amounts falling due within one year 7 (5,407 ) (5,813 )
NET CURRENT ASSETS 34,098 30,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,181

255,184

CREDITORS
Amounts falling due after more than one year 8 (107,204 ) (107,342 )

PROVISIONS FOR LIABILITIES (19,094 ) (19,078 )
NET ASSETS 132,883 128,764

CAPITAL AND RESERVES
Called up share capital 9 82 82
Capital redemption reserve 10 18 18
Fair value reserve 10 80,444 80,444
Retained earnings 10 52,339 48,220
SHAREHOLDERS' FUNDS 132,883 128,764

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

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

Friars Ford Estates Limited (Registered number: 04526938)

Balance Sheet - continued
31 July 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 15 April 2024 and were signed on its behalf by:





Mr. Thomas Paul Woodall - Director


Friars Ford Estates Limited (Registered number: 04526938)

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

1. STATUTORY INFORMATION

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

INVESTMENT PROPERTY
No revaluation of property done in current year.

TAXATION
Taxation for the year comprises current 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 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 3 (2022 - 3 ) .

Friars Ford Estates Limited (Registered number: 04526938)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 576 982 1,558
DEPRECIATION
At 1 August 2022 576 871 1,447
Charge for year - 28 28
At 31 July 2023 576 899 1,475
NET BOOK VALUE
At 31 July 2023 - 83 83
At 31 July 2022 - 111 111

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 225,000
NET BOOK VALUE
At 31 July 2023 225,000
At 31 July 2022 225,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2007 150,000
Valuation in 2015 75,000
225,000

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

2023 2022
£    £   
Cost 125,687 125,687

The investment property was valued on an open market basis on 31 July 2022 by directors of the company. .

Friars Ford Estates Limited (Registered number: 04526938)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Intercompany account 38,025 34,570

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 1,631 2,076
Other creditors 1,601 1,601
Deposit received 950 950
Directors' current accounts 400 400
Accrued expenses 825 786
5,407 5,813

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgages 107,204 107,342

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 107,204 107,342

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
82 Ordinary £1 82 82

10. RESERVES
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1 August 2022 48,220 18 80,444 128,682
Profit for the year 4,119 4,119
At 31 July 2023 52,339 18 80,444 132,801

Friars Ford Estates Limited (Registered number: 04526938)

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

11. RELATED PARTY DISCLOSURES

Details of related party transactions are given below:-
a. As at year end there is loan advanced to Frairs Ford Development Ltd £38,025 (P.Y.£34,570) in which Mr.
Michael Alan Woodall, Mrs.Sally Elizabeth Woodall and Mr. Thomas Paul Woodall are also directors of the
company.
Opening Balance as on 01.08.2022: - £34,570
Transaction During year- Loan Advanced: - £3,455
Transaction During year- Loan Repaid: - Nil
Closing Balance as on 31.07.2023: - £38,025

12. PROFIT AND LOSS RESERVES

Retained earnings consist of fair value adjustments in relation to investment properties, capital redemption reserves and Profit and Loss account.

At the balance sheet date, the reserves therefore comprise of the following:
Distributable reserves £52,339
Non Distributable reserves £80,462 (relating to revaluation reserves of investment properties £80,444 and Capital redemption reserves of £18 of shares bought back in 2016)