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Company No: 14402524 (England and Wales)

FRASER LAND HOLDCO LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 06 OCTOBER 2022 TO 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

FRASER LAND HOLDCO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 06 OCTOBER 2022 TO 31 MARCH 2024

Contents

FRASER LAND HOLDCO LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 06 OCTOBER 2022 TO 31 MARCH 2024
FRASER LAND HOLDCO LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 06 OCTOBER 2022 TO 31 MARCH 2024
DIRECTORS Mr S Fraser (Appointed 06 October 2022)
Mrs G Fraser (Appointed 14 November 2022)
REGISTERED OFFICE 2 Post Office Street
Altrincham
WA14 1QA
United Kingdom
COMPANY NUMBER 14402524 (England and Wales)
ACCOUNTANT Shepherd Private Clients Ltd
Suite 101 Highfield House
Cheadle Royal Business Park
Cheadle
SK8 3GY
FRASER LAND HOLDCO LIMITED

CHARTERED TAX ADVISERS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FRASER LAND HOLDCO LIMITED

FOR THE FINANCIAL PERIOD FROM 06 OCTOBER 2022 TO 31 MARCH 2024
FRASER LAND HOLDCO LIMITED

CHARTERED TAX ADVISERS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FRASER LAND HOLDCO LIMITED (continued)

FOR THE FINANCIAL PERIOD FROM 06 OCTOBER 2022 TO 31 MARCH 2024

    

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statement of Fraser Land Holdco Limited for the period ended 31 March 2024 which comprises the statement of comprehensive income, the balance sheet, the statement of changes in equity and the related notes from company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Institute of Taxations (CIOT), we are subject to its ethical and other professional requirements which are detailed at www.tax.org.uk/professional-standards.

Our work has been undertaken in accordance with the requirements of Chartered Institute of Taxations (CIOT) as detailed at www.tax.org.uk.

    

    

CHARTERED TAX ADVISERS

Shepherd Private Clients
Suite 101 Highfield House
Cheadle Royal Business Park
Cheadle
SK8 3GY

Date:

FRASER LAND HOLDCO LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024
FRASER LAND HOLDCO LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 31.03.2024
£
Fixed assets
Investments 4 500
500
Current assets
Debtors 5 23,911
Cash at bank and in hand 6 42
23,953
Creditors: amounts falling due within one year 7 ( 26,428)
Net current liabilities (2,475)
Total assets less current liabilities (1,975)
Net liabilities ( 1,975)
Capital and reserves
Called-up share capital 100
Profit and loss account ( 2,075 )
Total shareholder's deficit ( 1,975)

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Fraser Land Holdco Limited (registered number: 14402524) were approved and authorised for issue by the Board of Directors on 04 October 2024. They were signed on its behalf by:

Mr S Fraser
Director
FRASER LAND HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 06 OCTOBER 2022 TO 31 MARCH 2024
FRASER LAND HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 06 OCTOBER 2022 TO 31 MARCH 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Fraser Land Holdco Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Post Office Street, Altrincham, WA14 1QA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The financial statements are presented for a period longer than one year due to being the company's first reporting period, the company was incorporated on 6 October 2022. As such, comparative amounts presented in the future financial statements (including the related notes) are not entirely comparable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
06.10.2022 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

4. Fixed asset investments

Investments in subsidiaries

31.03.2024
£
Cost
At 06 October 2022 0
Additions 500
At 31 March 2024 500
Carrying value at 31 March 2024 500

5. Debtors

31.03.2024
£
Trade debtors 10,000
Amounts owed by own subsidiaries 3,220
Prepayments 10,000
Deferred tax asset 691
23,911

6. Cash and cash equivalents

31.03.2024
£
Cash at bank and in hand 42

7. Creditors: amounts falling due within one year

31.03.2024
£
Amounts owed to Parent undertakings 18,605
Amounts owed to fellow subsidiaries 13
Amounts owed to own subsidiaries 6,200
Other creditors 1,610
26,428

8. Related party transactions

Fraser Family Invesco Limited

The parent undertaking of the entity has a balance included within creditors as at 31 March 2024 of £18,605. The loan is interest free and repayable on demand.

Avenham Road Fraser Homes Limited

A wholly owned subsidiary of the entity has a balance included within creditors as at 31 March 2024 of £6,100. The loan is interest free and repayable on demand.

Tenement Farm Fraser Homes Limited

A wholly owned subsidiary of the entity has a balance included within creditor as at 31 March 2024 of £100. The loan is interest free and repayable on demand.

Sutcliffe Road Fraser Homes Limited

A wholly owned subsidiary of the entity has a balance included within debtors at 31 March 2024 of £1,900. The loan is interest free and repayable on demand.

Shaw Street Fraser Homes Limited

A wholly owned subsidiary of the entity has a balance included within debtors at 31 March 2024 of £910. The loan is interest free and repayable on demand.

Sefton Street Fraser Homes Limited

A wholly owned subsidiary of the entity has a balance included within debtors at 31 March 2024 of £410. The loan is interest free and repayable on demand.

15 Murieston Road Limited

A fellow subsidiary of the entity has a balance included within creditors at 31 March 2024 of £13. The loan is interest free and repayable on demand.