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REGISTERED NUMBER: 02216797 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FIRSTLINE BUILDERS LIMITED

FIRSTLINE BUILDERS LIMITED (REGISTERED NUMBER: 02216797)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

FIRSTLINE BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P P Murphy
J J Murphy





SECRETARY: P P Murphy





REGISTERED OFFICE: 248 Church Lane
Kingsbury
London
NW9 8SL





REGISTERED NUMBER: 02216797 (England and Wales)





ACCOUNTANTS: Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL

FIRSTLINE BUILDERS LIMITED (REGISTERED NUMBER: 02216797)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,902 5,201
Investment property 5 7,467,783 7,445,043
7,471,685 7,450,244

CURRENT ASSETS
Debtors 6 204,995 19,995
Prepayments and accrued income 8,487 9,929
Cash at bank 45,763 22,572
259,245 52,496
CREDITORS
Amounts falling due within one year 7 327,305 115,096
NET CURRENT LIABILITIES (68,060 ) (62,600 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,403,625

7,387,644

CREDITORS
Amounts falling due after more than one
year

8

2,370,696

2,409,395
NET ASSETS 5,032,929 4,978,249

FIRSTLINE BUILDERS LIMITED (REGISTERED NUMBER: 02216797)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,032,829 4,978,149
SHAREHOLDERS' FUNDS 5,032,929 4,978,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





P P Murphy - Director


FIRSTLINE BUILDERS LIMITED (REGISTERED NUMBER: 02216797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Firstline Builders 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and at variable rates on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 112,104
DEPRECIATION
At 1 July 2023 106,903
Charge for year 1,299
At 30 June 2024 108,202
NET BOOK VALUE
At 30 June 2024 3,902
At 30 June 2023 5,201

FIRSTLINE BUILDERS LIMITED (REGISTERED NUMBER: 02216797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 7,445,043
Additions 22,740
At 30 June 2024 7,467,783
NET BOOK VALUE
At 30 June 2024 7,467,783
At 30 June 2023 7,445,043

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 6,250,000
Cost 1,217,783
7,467,783

If Investment Property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,607,338 3,584,598

Investment Property was valued on an open market basis on 30 June 2020 by Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related undertakings 204,995 19,995

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 232,951 57,541
Trade creditors 17,669 17,668
Taxation and social security 15,081 13,945
Other creditors 61,604 25,942
327,305 115,096

FIRSTLINE BUILDERS LIMITED (REGISTERED NUMBER: 02216797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 2,370,696 2,409,395

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,370,696 2,409,395

The bank loans are secured by a fixed charge over the company's assets.

FIRSTLINE BUILDERS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FIRSTLINE BUILDERS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL


14 March 2025