IRIS Accounts Production v24.3.0.553 02707215 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027072152023-03-31027072152024-03-31027072152023-04-012024-03-31027072152022-03-31027072152022-04-012023-03-31027072152023-03-3102707215ns15:EnglandWales2023-04-012024-03-3102707215ns14:PoundSterling2023-04-012024-03-3102707215ns10:Director12023-04-012024-03-3102707215ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102707215ns10:SmallEntities2023-04-012024-03-3102707215ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102707215ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102707215ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102707215ns10:FullAccounts2023-04-012024-03-3102707215ns10:Director22023-04-012024-03-3102707215ns10:CompanySecretary12023-04-012024-03-3102707215ns10:RegisteredOffice2023-04-012024-03-3102707215ns5:CurrentFinancialInstruments2024-03-3102707215ns5:CurrentFinancialInstruments2023-03-3102707215ns5:ShareCapital2024-03-3102707215ns5:ShareCapital2023-03-3102707215ns5:SharePremium2024-03-3102707215ns5:SharePremium2023-03-3102707215ns5:CapitalRedemptionReserve2024-03-3102707215ns5:CapitalRedemptionReserve2023-03-3102707215ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3102707215ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3102707215ns5:RetainedEarningsAccumulatedLosses2024-03-3102707215ns5:RetainedEarningsAccumulatedLosses2023-03-3102707215ns5:ComputerEquipment2023-04-012024-03-3102707215ns5:ComputerEquipment2023-03-3102707215ns5:ComputerEquipment2024-03-3102707215ns5:ComputerEquipment2023-03-3102707215ns5:CostValuation2023-03-3102707215ns5:AdditionsToInvestments2024-03-3102707215ns5:DisposalsRepaymentsInvestments2024-03-3102707215ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3102707215ns5:CostValuation2024-03-3102707215ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102707215ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3102707215ns5:RetainedEarningsAccumulatedLosses2023-03-3102707215ns5:SharePremium2023-03-3102707215ns5:CapitalRedemptionReserve2023-03-3102707215ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3102707215ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 02707215 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Francis Holdings Limited

Francis Holdings Limited (Registered number: 02707215)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Francis Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R A Stewart-Jones
R C Francis





SECRETARY: R A Stewart-Jones





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 02707215 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Francis Holdings Limited (Registered number: 02707215)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,094 1,642
Investments 5 104,314 93,183
Investment property 6 1,140,000 1,140,000
1,245,408 1,234,825

CURRENT ASSETS
Debtors 7 22,651 614
Cash at bank 65,110 79,686
87,761 80,300
CREDITORS
Amounts falling due within one year 8 55,824 46,533
NET CURRENT ASSETS 31,937 33,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,277,345

1,268,592

CAPITAL AND RESERVES
Called up share capital 112,350 112,350
Share premium 9 14,063 14,063
Capital redemption reserve 9 188,321 188,321
Fair value reserve 9 611,552 604,278
Retained earnings 9 351,059 349,580
SHAREHOLDERS' FUNDS 1,277,345 1,268,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Francis Holdings Limited (Registered number: 02707215)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





R A Stewart-Jones - Director


Francis Holdings Limited (Registered number: 02707215)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Francis Holdings Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rent receivable, excluding value added tax. Turnover is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value in accordance with Section 1A 'Small Entities' of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

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.

Fixed asset investments
Listed investments are valued at their fair value at the balance sheet date and any changes between the previous year end or acquisition, as applicable are recognised in the profit and loss account and then transferred to the fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Francis Holdings Limited (Registered number: 02707215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 2,190
DEPRECIATION
At 1 April 2023 548
Charge for year 548
At 31 March 2024 1,096
NET BOOK VALUE
At 31 March 2024 1,094
At 31 March 2023 1,642

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 93,183
Additions 16,956
Disposals (13,099 )
Revaluations 7,274
At 31 March 2024 104,314
NET BOOK VALUE
At 31 March 2024 104,314
At 31 March 2023 93,183

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 104,314

If fixed asset investments had not been revalued they would have been included at a cost of £87,682 (2023: £83,824).

Francis Holdings Limited (Registered number: 02707215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,140,000
NET BOOK VALUE
At 31 March 2024 1,140,000
At 31 March 2023 1,140,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,140,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 545,081 545,081
Aggregate depreciation (294,344 ) (283,442 )

Freehold investment property was valued on a fair value basis on 31 March 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,428 -
Prepayments 223 614
22,651 614

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 21,676 13,507
Social security and other taxes 5,433 4,452
Directors' current accounts 1,196 1,477
Accruals and deferred income 27,519 27,097
55,824 46,533

Francis Holdings Limited (Registered number: 02707215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RESERVES
Capital Fair
Retained Share redemption value
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 April 2023 349,580 14,063 188,321 604,278 1,156,242
Profit for the year 82,753 82,753
Dividends (74,000 ) (74,000 )
Transfer (7,274 ) - - 7,274 -
At 31 March 2024 351,059 14,063 188,321 611,552 1,164,995