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Company Registration No. 13697352 (England and Wales)
FRIARY GATE LIMITED Unaudited accounts for the year ended 31 October 2024
FRIARY GATE LIMITED Unaudited accounts Contents
Page
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FRIARY GATE LIMITED Company Information for the year ended 31 October 2024
Director
Alexander Osborne
Company Number
13697352 (England and Wales)
Registered Office
FLAT 2 ADMIRALS WHARF 7 LOWER CANAL WALK SOUTHAMPTON SO14 3JQ ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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FRIARY GATE LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
550,232 
550,232 
Current assets
Debtors
188 
182 
Cash at bank and in hand
10,111 
5,290 
10,299 
5,472 
Creditors: amounts falling due within one year
(11,402)
(6,625)
Net current liabilities
(1,103)
(1,153)
Total assets less current liabilities
549,129 
549,079 
Creditors: amounts falling due after more than one year
(486,000)
(516,000)
Net assets
63,129 
33,079 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
63,128 
33,078 
Shareholders' funds
63,129 
33,079 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 24 February 2025 and were signed on its behalf by
Alexander Osborne Director Company Registration No. 13697352
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FRIARY GATE LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
FRIARY GATE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13697352. The registered office is FLAT 2 ADMIRALS WHARF, 7 LOWER CANAL WALK, SOUTHAMPTON, SO14 3JQ, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
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 November 2023
550,232 
At 31 October 2024
550,232 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
188 
182 
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FRIARY GATE LIMITED Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,052 
4,568 
Other creditors
666 
(980)
Loans from directors
1,283 
845 
Accruals
359 
359 
Deferred income
2,042 
1,833 
11,402 
6,625 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
486,000 
516,000 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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