2022-07-012023-06-302023-06-30false13460416FALLODEN LTD2024-03-0668209iso4217:GBPxbrli:pure134604162022-07-01134604162023-06-30134604162022-07-012023-06-30134604162021-06-16134604162022-06-30134604162021-06-162022-06-3013460416bus:SmallEntities2022-07-012023-06-3013460416bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3013460416bus:FullAccounts2022-07-012023-06-3013460416bus:PrivateLimitedCompanyLtd2022-07-012023-06-3013460416core:WithinOneYear2023-06-3013460416core:AfterOneYear2023-06-3013460416core:WithinOneYear2022-06-3013460416core:AfterOneYear2022-06-3013460416core:ShareCapital2023-06-3013460416core:SharePremium2023-06-3013460416core:RevaluationReserve2023-06-3013460416core:OtherReservesSubtotal2023-06-3013460416core:RetainedEarningsAccumulatedLosses2023-06-3013460416core:ShareCapital2022-06-3013460416core:SharePremium2022-06-3013460416core:RevaluationReserve2022-06-3013460416core:OtherReservesSubtotal2022-06-3013460416core:RetainedEarningsAccumulatedLosses2022-06-3013460416core:LandBuildings2023-06-3013460416core:PlantMachinery2023-06-3013460416core:Vehicles2023-06-3013460416core:FurnitureFittings2023-06-3013460416core:OfficeEquipment2023-06-3013460416core:NetGoodwill2023-06-3013460416core:IntangibleAssetsOtherThanGoodwill2023-06-3013460416core:ListedExchangeTraded2023-06-3013460416core:UnlistedNon-exchangeTraded2023-06-3013460416core:LandBuildings2022-06-3013460416core:PlantMachinery2022-06-3013460416core:Vehicles2022-06-3013460416core:FurnitureFittings2022-06-3013460416core:OfficeEquipment2022-06-3013460416core:NetGoodwill2022-06-3013460416core:IntangibleAssetsOtherThanGoodwill2022-06-3013460416core:ListedExchangeTraded2022-06-3013460416core:UnlistedNon-exchangeTraded2022-06-3013460416core:LandBuildings2022-07-012023-06-3013460416core:PlantMachinery2022-07-012023-06-3013460416core:Vehicles2022-07-012023-06-3013460416core:FurnitureFittings2022-07-012023-06-3013460416core:OfficeEquipment2022-07-012023-06-3013460416core:NetGoodwill2022-07-012023-06-3013460416core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3013460416core:ListedExchangeTraded2022-07-012023-06-3013460416core:UnlistedNon-exchangeTraded2022-07-012023-06-3013460416core:MoreThanFiveYears2022-07-012023-06-3013460416core:Non-currentFinancialInstruments2023-06-3013460416core:Non-currentFinancialInstruments2022-06-3013460416dpl:CostSales2022-07-012023-06-3013460416dpl:DistributionCosts2022-07-012023-06-3013460416core:LandBuildings2022-07-012023-06-3013460416core:PlantMachinery2022-07-012023-06-3013460416core:Vehicles2022-07-012023-06-3013460416core:FurnitureFittings2022-07-012023-06-3013460416core:OfficeEquipment2022-07-012023-06-3013460416dpl:AdministrativeExpenses2022-07-012023-06-3013460416core:NetGoodwill2022-07-012023-06-3013460416core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3013460416dpl:GroupUndertakings2022-07-012023-06-3013460416dpl:ParticipatingInterests2022-07-012023-06-3013460416dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3013460416core:ListedExchangeTraded2022-07-012023-06-3013460416dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3013460416core:UnlistedNon-exchangeTraded2022-07-012023-06-3013460416dpl:CostSales2021-06-162022-06-3013460416dpl:DistributionCosts2021-06-162022-06-3013460416core:LandBuildings2021-06-162022-06-3013460416core:PlantMachinery2021-06-162022-06-3013460416core:Vehicles2021-06-162022-06-3013460416core:FurnitureFittings2021-06-162022-06-3013460416core:OfficeEquipment2021-06-162022-06-3013460416dpl:AdministrativeExpenses2021-06-162022-06-3013460416core:NetGoodwill2021-06-162022-06-3013460416core:IntangibleAssetsOtherThanGoodwill2021-06-162022-06-3013460416dpl:GroupUndertakings2021-06-162022-06-3013460416dpl:ParticipatingInterests2021-06-162022-06-3013460416dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-162022-06-3013460416core:ListedExchangeTraded2021-06-162022-06-3013460416dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-162022-06-3013460416core:UnlistedNon-exchangeTraded2021-06-162022-06-3013460416core:NetGoodwill2023-06-3013460416core:IntangibleAssetsOtherThanGoodwill2023-06-3013460416core:LandBuildings2023-06-3013460416core:PlantMachinery2023-06-3013460416core:Vehicles2023-06-3013460416core:FurnitureFittings2023-06-3013460416core:OfficeEquipment2023-06-3013460416core:AfterOneYear2023-06-3013460416core:WithinOneYear2023-06-3013460416core:ListedExchangeTraded2023-06-3013460416core:UnlistedNon-exchangeTraded2023-06-3013460416core:ShareCapital2023-06-3013460416core:SharePremium2023-06-3013460416core:RevaluationReserve2023-06-3013460416core:OtherReservesSubtotal2023-06-3013460416core:RetainedEarningsAccumulatedLosses2023-06-3013460416core:NetGoodwill2022-06-3013460416core:IntangibleAssetsOtherThanGoodwill2022-06-3013460416core:LandBuildings2022-06-3013460416core:PlantMachinery2022-06-3013460416core:Vehicles2022-06-3013460416core:FurnitureFittings2022-06-3013460416core:OfficeEquipment2022-06-3013460416core:AfterOneYear2022-06-3013460416core:WithinOneYear2022-06-3013460416core:ListedExchangeTraded2022-06-3013460416core:UnlistedNon-exchangeTraded2022-06-3013460416core:ShareCapital2022-06-3013460416core:SharePremium2022-06-3013460416core:RevaluationReserve2022-06-3013460416core:OtherReservesSubtotal2022-06-3013460416core:RetainedEarningsAccumulatedLosses2022-06-3013460416core:NetGoodwill2021-06-1613460416core:IntangibleAssetsOtherThanGoodwill2021-06-1613460416core:LandBuildings2021-06-1613460416core:PlantMachinery2021-06-1613460416core:Vehicles2021-06-1613460416core:FurnitureFittings2021-06-1613460416core:OfficeEquipment2021-06-1613460416core:AfterOneYear2021-06-1613460416core:WithinOneYear2021-06-1613460416core:ListedExchangeTraded2021-06-1613460416core:UnlistedNon-exchangeTraded2021-06-1613460416core:ShareCapital2021-06-1613460416core:SharePremium2021-06-1613460416core:RevaluationReserve2021-06-1613460416core:OtherReservesSubtotal2021-06-1613460416core:RetainedEarningsAccumulatedLosses2021-06-1613460416core:AfterOneYear2022-07-012023-06-3013460416core:WithinOneYear2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:CostValuation2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3013460416core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3013460416core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3013460416core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3013460416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3013460416core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3013460416core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3013460416core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3013460416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3013460416core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3013460416core:Non-currentFinancialInstrumentscore:CostValuation2022-06-3013460416core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-3013460416core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-3013460416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-3013460416core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-3013460416core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-3013460416core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-3013460416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-3013460416core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-3013460416bus:Director12022-07-012023-06-3013460416bus:Director22022-07-012023-06-3013460416bus:Director32022-07-012023-06-3013460416core:OtherMiscellaneousReserve2022-06-3013460416core:OtherMiscellaneousReserve2023-06-30

FALLODEN LTD

Registered Number
13460416
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

FALLODEN LTD
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

TOMES, Andrew David
TOMES, Lynda Christobel
TOMES, Philip John

Registered Address

373 Wimbledon Park Road
London
SW19 6PE

Registered Number

13460416 (England and Wales)
FALLODEN LTD
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property521,888,4135,585,000
21,888,4135,585,000
Current assets
Debtors948,12360,418
Cash at bank and on hand1,036,70820,549
1,084,83180,967
Creditors amounts falling due within one year10(142,275)(100,157)
Net current assets (liabilities)942,556(19,190)
Total assets less current liabilities22,830,9695,565,810
Creditors amounts falling due after one year11(12,933,278)(4,102,292)
Net assets9,897,6911,463,518
Capital and reserves
Called up share capital5,900990
Share premium9,846,9251,470,742
Other reserves20,66020,660
Profit and loss account24,206(28,874)
Shareholders' funds89,897,6911,463,518
The financial statements were approved and authorised for issue by the Board of Directors on 6 March 2024, and are signed on its behalf by:
TOMES, Philip John
Director
Registered Company No. 13460416
FALLODEN LTD
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Investment property policy
All investment properties are carried at fair value determined annually and derived from current market rents and investment property yields for comparably real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. Borrowing costs associated with the investment policy are recognised in the profit and loss account as they are incurred.
Revenue recognition policy
Turnover represents income from property rental and is recognised at the point the service has been utilised.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
4.Employee information

20232022
Average number of employees during the year00
5.Investment property
The residential properties were valued at £16,643,376 as at 30 June 2023 (£4,515,000 at 30 June 2022). The commercial properties were valued at £5,245,036 at 30 June 2023 (£1,070,000 at 30 June 2022). The investment properties were formally revalued by BNP Paribas Real Estate in March 2022 based on open market rates, the director's consider there has been no material movement in value since that date so they were valued to that amount, including all costs of the property acquisitions as at 30 June 23.

£
Fair value at 01 July 225,585,000
Additions16,303,413
At 30 June 2321,888,413
6.Description of nature of transactions and balances with related parties
Included within other creditors, amounts due within one year are balances owed to Philip Tomes of £1,854 (£29,082 at 30 June 2022) and Lynda Tomes of £1,854 (£29,082 at 30 June 2022). The balances are interest free and repayable on demand.
7.Guarantees and their terms, directors
Philip Tomes and Lynda Tomes have personal guarantees in place in respect of the properties owned by the company as at 30 June 23.
8.Fair value reserve
Fair value transfer represents the fair value gains in the prior period net of deferred tax on investment properties during the period. Properties were not revalued in the period ended 30 June 2023.

£
Fair value reserve at 01 July 2220,656
At 30 June 2320,656
9.Debtors

2023

2022

££
Trade debtors / trade receivables21,6498,051
Other debtors3,2112,843
Prepayments and accrued income23,26349,524
Total48,12360,418
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables11,3221,440
Taxation and social security10,32210,016
Other creditors6,29559,350
Accrued liabilities and deferred income114,33629,351
Total142,275100,157
Short term creditors are measured at transaction price (which is usually the invoice price).
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts12,933,2784,102,292
Total12,933,2784,102,292
All loans are repayable in full between 1 and 5 years and are secured on the investment properties and directors' guarantees (see note 6).