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FRASER PROPERTY MANAGEMENT LIMITED

Registered Number
05711809
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FRASER PROPERTY MANAGEMENT LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

MIAH, Shahid
RAHMAN, Habibur

Registered Address

56 St Loyes Street
Bedford
MK40 1EZ

Registered Number

05711809 (England and Wales)
FRASER PROPERTY MANAGEMENT LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3253,920169,283
Tangible assets47,8162,822
261,736172,105
Current assets
Debtors5198,164277,512
Cash at bank and on hand8314,441
198,247291,953
Creditors amounts falling due within one year6(66,908)(99,170)
Net current assets (liabilities)131,339192,783
Total assets less current liabilities393,075364,888
Creditors amounts falling due after one year7(354,756)(312,547)
Net assets38,31952,341
Capital and reserves
Share premium56,550-
Profit and loss account(18,231)52,341
Shareholders' funds38,31952,341
The financial statements were approved and authorised for issue by the Board of Directors on 25 March 2025, and are signed on its behalf by:
MIAH, Shahid
Director
RAHMAN, Habibur
Director

Registered Company No. 05711809
FRASER PROPERTY MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Intangible assets
Amortisation is calculated so as to write off cost of an asset, less its estimated residual value, over the useful life of that asset. Goodwill : 17.5% reducing balance
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery30
Fixtures and fittings30
Office Equipment30
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year130
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 23311,250311,250
Additions138,500138,500
At 31 March 24449,750449,750
Amortisation and impairment
At 01 April 23141,967141,967
Charge for year53,86353,863
At 31 March 24195,830195,830
Net book value
At 31 March 24253,920253,920
At 31 March 23169,283169,283
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 2331,710--31,710
Additions-4,7231,8736,596
At 31 March 2431,7104,7231,87338,306
Depreciation and impairment
At 01 April 2328,888--28,888
Charge for year8466071491,602
At 31 March 2429,73460714930,490
Net book value
At 31 March 241,9764,1161,7247,816
At 31 March 232,822--2,822
5.Debtors: amounts due after one year

2024

2023

££
Amounts owed by group undertakings 188,029258,129
Other debtors5,4565,456
Total193,485263,585
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables13,02818,533
Bank borrowings and overdrafts-20,015
Taxation and social security53,88057,779
Other creditors-2,843
Total66,90899,170
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts164,551180,211
Other creditors190,205132,336
Total354,756312,547