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Company Registration No. 14120329 (England and Wales)
Frio Properties Ltd Unaudited accounts for the year ended 31 May 2024
Frio Properties Ltd Unaudited accounts Contents
Page
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Frio Properties Ltd Company Information for the year ended 31 May 2024
Directors
R V Frederick V F Swaminathan
Company Number
14120329 (England and Wales)
Registered Office
17 Coriander Drive Maidstone ME16 0ZD England
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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Frio Properties Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
309,812 
309,812 
Current assets
Debtors
2,358 
- 
Cash at bank and in hand
5,603 
- 
7,961 
- 
Creditors: amounts falling due within one year
(152,322)
(123,629)
Net current liabilities
(144,361)
(123,629)
Total assets less current liabilities
165,451 
186,183 
Creditors: amounts falling due after more than one year
(175,500)
(189,293)
Net liabilities
(10,049)
(3,110)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,149)
(3,210)
Shareholders' funds
(10,049)
(3,110)
For the year ending 31 May 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by
V F Swaminathan Director Company Registration No. 14120329
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Frio Properties Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Frio Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14120329. The registered office is 17 Coriander Drive, Maidstone, ME16 0ZD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
309,812 
At 31 May 2024
309,812 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
2,358 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
151,746 
123,149 
Accruals
576 
480 
152,322 
123,629 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
175,500 
189,293 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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