Registered number
04615498
FROSTMANOR LIMITED
Filleted Accounts
31 March 2024
FROSTMANOR LIMITED
Registered number: 04615498
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 425,000 425,000
Current assets
Debtors 4 11,836 6,285
Cash at bank and in hand 4,657 7,118
16,493 13,403
Creditors: amounts falling due within one year 5 (242,304) (340,520)
Net current liabilities (225,811) (327,117)
Total assets less current liabilities 199,189 97,883
Creditors: amounts falling due after more than one year 6 (76,725) -
Net assets 122,464 97,883
Capital and reserves
Called up share capital 2,400 2,400
Profit and loss account 120,064 95,483
Shareholders' funds 122,464 97,883
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Van Nieuwkerk
Director
Approved by the board on 31 July 2024
FROSTMANOR LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover consists of rental income and service charges for the period and is recognised in the period to which the charge relates.
Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment properties
£
Cost or valuation
At 1 April 2023 425,000
At 31 March 2024 425,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 425,000
At 31 March 2023 425,000
The investment property was valued on an open market basis by a director of the company. The historic cost of the property is £475,581 (2023 - £475,581).
4 Debtors 2024 2023
£ £
Trade debtors 10,296 5,542
Other debtors 1,540 743
11,836 6,285
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan 27,900 132,525
Director's loan account 193,446 194,535
Trade creditors 905 -
Taxation and social security costs 7,007 7,370
Other creditors 13,046 6,090
242,304 340,520
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 76,725 -
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loan 104,625 132,525
The bank loan is secured by way of legal mortgage on the investment property.
8 Other information
FROSTMANOR LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Riverside House
11-12 Nelson Street
Hull
HU1 1XE
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