Company Registration No. 15124471 (England and Wales)
Frankby Road Limited
Unaudited accounts
for the period from 8 September 2023 to 31 August 2024
Frankby Road Limited
Unaudited accounts
Contents
Frankby Road Limited
Company Information
for the period from 8 September 2023 to 31 August 2024
Directors
Benjamin Michael Arthur
Helen Patricia Arthur
Company Number
15124471 (England and Wales)
Registered Office
FIRST FLOOR,
85 GREAT PORTLAND STREET
LONDON
W1W 7LT
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Frankby Road Limited
Statement of financial position
as at 31 August 2024
Investment property
111,000
-
Cash at bank and in hand
2,257
-
Creditors: amounts falling due within one year
(48,551)
-
Net current liabilities
(46,294)
-
Total assets less current liabilities
64,706
-
Creditors: amounts falling due after more than one year
(70,875)
-
Called up share capital
12
-
Revaluation reserve
5,643
-
Profit and loss account
(11,824)
-
Shareholders' funds
(6,169)
-
For the period ending 31 August 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 3 March 2025 and were signed on its behalf by
Benjamin Michael Arthur
Director
Company Registration No. 15124471
Frankby Road Limited
Notes to the Accounts
for the period from 8 September 2023 to 31 August 2024
Frankby Road Limited is a private company, limited by shares, registered in England and Wales, registration number 15124471. The registered office is FIRST FLOOR,, 85 GREAT PORTLAND STREET, LONDON, W1W 7LT, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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 accounts. 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.
Net gain from fair value adjustments
7,524
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.
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
47,222
-
Frankby Road Limited
Notes to the Accounts
for the period from 8 September 2023 to 31 August 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
70,875
-
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
7
Transactions with related parties
At the year end, the company owed £47,222 (2023 - £0) to the Directors, interest-free and repayable on demand.
8
Average number of employees
During the period the average number of employees was 0 (2023: 0).