FRESTON PROPERTY PHOENIX LIMITED

Company Registration Number:
09666374 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

FRESTON PROPERTY PHOENIX LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FRESTON PROPERTY PHOENIX LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 468,080 580,412
Investments: 4 20,350,000 21,915,000
Total fixed assets: 20,818,080 22,495,412
Current assets
Stocks: 0 0
Debtors: 5 588,038 523,453
Cash at bank and in hand: 143,957 297,000
Investments:   0 0
Total current assets: 731,995 820,453
Creditors: amounts falling due within one year: 6 (674,831) (1,135,150)
Net current assets (liabilities): 57,164 (314,697)
Total assets less current liabilities: 20,875,244 22,180,715
Creditors: amounts falling due after more than one year: 7 (27,045,038) (26,370,958)
Provision for liabilities: 0 (86,625)
Total net assets (liabilities): (6,169,794) (4,276,868)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (6,169,894) (4,276,968)
Shareholders funds: (6,169,794) (4,276,868)

The notes form part of these financial statements

FRESTON PROPERTY PHOENIX LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 October 2024
and signed on behalf of the board by:

Name: Robert Clarkson
Status: Director

The notes form part of these financial statements

FRESTON PROPERTY PHOENIX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FRESTON PROPERTY PHOENIX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

FRESTON PROPERTY PHOENIX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,110,085
Additions 100,932
At 31 March 2024 1,211,017
Depreciation
At 01 April 2023 529,673
Charge for year 213,264
At 31 March 2024 742,937
Net book value
At 31 March 2024 468,080
At 31 March 2023 580,412

FRESTON PROPERTY PHOENIX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Investment property is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The properties have been revalued and the change in value has been shown in the profit and loss account for the year ended 31st March 2024.

FRESTON PROPERTY PHOENIX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 22,970 69,229

FRESTON PROPERTY PHOENIX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023 Trade Creditors 91157 40214 Accruals & Deferred income 392465 323311 Other Creditors 76995 75852 Taxes & social security 20155 4703 Bank facility 94058 691070 Total 674831 1135150

FRESTON PROPERTY PHOENIX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023 Shareholder loan 17399995 16664995 Bank Facility 9645043 9705963 Total 27045038 26370958

FRESTON PROPERTY PHOENIX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Related party transactions

Name of the related party: Sir Charles Dunstone
Relationship:
Shareholder
Description of the Transaction: Loan to company
£
Balance at 01 April 2023 12,025,995
Balance at 31 March 2024 12,410,995
Name of the related party: Roger Taylor
Relationship:
Shareholder
Description of the Transaction: Loan to company
£
Balance at 01 April 2023 4,639,000
Balance at 31 March 2024 4,989,000
Name of the related party: Marrof Management Limited
Relationship:
Entity under common control
Description of the Transaction: During the year the company was charged management fee expenses of £24,000 from Marrof Management Limited, an entity under common control.
£
Balance at 01 April 2023 24,000
Balance at 31 March 2024 24,000