FRESTON PROPERTY TM LIMITED

Company Registration Number:
11338336 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

FRESTON PROPERTY TM LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

FRESTON PROPERTY TM LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 390,025 417,519
Investments: 4 6,200,000 7,000,000
Total fixed assets: 6,590,025 7,417,519
Current assets
Stocks: 0 0
Debtors: 5 300,737 515,061
Cash at bank and in hand: 10,029 83,460
Total current assets: 310,766 598,521
Creditors: amounts falling due within one year: 6 (201,468) (1,453,173)
Net current assets (liabilities): 109,298 (854,652)
Total assets less current liabilities: 6,699,323 6,562,867
Creditors: amounts falling due after more than one year: 7 (5,047,401) (4,067,401)
Total net assets (liabilities): 1,651,922 2,495,466
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,651,822 2,495,366
Shareholders funds: 1,651,922 2,495,466

The notes form part of these financial statements

FRESTON PROPERTY TM LIMITED

Balance sheet statements

For the year ending 31 May 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 21 February 2025
and signed on behalf of the board by:

Name: Robert Clarkson
Status: Director

The notes form part of these financial statements

FRESTON PROPERTY TM LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 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 TM LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

FRESTON PROPERTY TM LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 498,944
Additions 25,014
At 31 May 2024 523,958
Depreciation
At 01 June 2023 81,425
Charge for year 52,508
At 31 May 2024 133,933
Net book value
At 31 May 2024 390,025
At 31 May 2023 417,519

FRESTON PROPERTY TM LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 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 fair value of the property as at the year end date has been written down by £800,000 to reflect the market valuation.

FRESTON PROPERTY TM LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

FRESTON PROPERTY TM LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

2024 Trade Creditors £112,107 Accruals and deferred income £54,039 Taxes and social security costs £35,322 Total £201,468 2023 Trade Creditors £205,465 Accruals and deferred income £326,077 Taxes and social security costs £921,631 Total £1,453,173

FRESTON PROPERTY TM LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

2024 Shareholder loans £4,922,401 Third Party loans £125,000 Total £5,047,401 2023 Shareholder loans £4,067,401

FRESTON PROPERTY TM LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Related party transactions

Name of the related party: Sir Charles Dunstone
Relationship:
Shareholder
Description of the Transaction: Shareholder loan
£
Balance at 01 June 2023 4,067,401
Balance at 31 May 2024 4,922,401
Name of the related party: Marrof Management Limited
Relationship:
Entity under common control
Description of the Transaction: Company Loan
£
Balance at 01 June 2023 0
Balance at 31 May 2024 125,000