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REGISTERED NUMBER: 08533209 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Frontiera Real Estate Ltd

Frontiera Real Estate Ltd (Registered number: 08533209)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frontiera Real Estate Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: I M Alrajhi
D M AlShehri





REGISTERED OFFICE: 18 Fitzhardinge Street
London
W1H 6EQ





REGISTERED NUMBER: 08533209 (England and Wales)





ACCOUNTANTS: Dave & Co
Chartered Accountants
Manchester Square
18 Fitzhardinge Street
London
W1H 6EQ

Frontiera Real Estate Ltd (Registered number: 08533209)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,983 4,992
Investments 5 100 100
5,083 5,092

CURRENT ASSETS
Stocks 3,240,305 3,240,305
Debtors 6 21,463,846 21,248,830
Cash at bank 371,587 546,580
25,075,738 25,035,715
CREDITORS
Amounts falling due within one year 7 3,217,927 3,778,250
NET CURRENT ASSETS 21,857,811 21,257,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,862,894

21,262,557

CREDITORS
Amounts falling due after more than
one year

8

30,593,257

29,572,327
NET LIABILITIES (8,730,363 ) (8,309,770 )

CAPITAL AND RESERVES
Called up share capital 1,000,000 1,000,000
Retained earnings (9,730,363 ) (9,309,770 )
(8,730,363 ) (8,309,770 )

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

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

Frontiera Real Estate Ltd (Registered number: 08533209)

Balance Sheet - continued
31 October 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 28 July 2024 and were signed on its behalf by:





D M AlShehri - Director


Frontiera Real Estate Ltd (Registered number: 08533209)

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

1. STATUTORY INFORMATION

Frontiera Real Estate Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Frontiera Real Estate Ltd (Registered number: 08533209)

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

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company meets its day to day working capital requirements through continued support of the director/shareholder. They have no intention to withdraw the support in the near future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 7,799
Additions 2,568
At 31 October 2023 10,367
DEPRECIATION
At 1 November 2022 2,807
Charge for year 2,577
At 31 October 2023 5,384
NET BOOK VALUE
At 31 October 2023 4,983
At 31 October 2022 4,992

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 100
NET BOOK VALUE
At 31 October 2023 100
At 31 October 2022 100

Frontiera Real Estate Ltd (Registered number: 08533209)

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

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

The View Freehold Ltd
Registered office: Manchester Square, 18 Fitzhardinge Street, London W1H 6EQ
Nature of business: property traders
%
Class of shares: holding
Ordinary 100.00
31.10.23 31.10.22
£    £   
Aggregate capital and reserves (1,052,593 ) (1,423,613 )
Profit/(loss) for the year 371,020 (1,537,710 )

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors - 600,000
Other debtors 19,690,847 19,492,227
19,690,847 20,092,227

Amounts falling due after more than one year:
Other debtors 1,772,999 1,156,603

Aggregate amounts 21,463,846 21,248,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,678,674 2,242,500
Trade creditors 3,500 -
Other creditors 1,535,753 1,535,750
3,217,927 3,778,250

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Other creditors 30,593,257 29,572,327