Registered number
12768993
FBR Properties Ltd
Filleted Accounts
31 July 2024
FBR Properties Ltd
Registered number: 12768993
Balance Sheet
as at 31 July 2024
Notes 2024 2023
Fixed assets
Tangible assets 3 317,000 285,000
Current assets
Debtors 4 7,349 1,200
Cash at bank and in hand 23,472 2,742
30,821 3,942
Creditors: amounts falling due within one year 5 (75,561) (86,104)
Net current liabilities (44,740) (82,162)
Total assets less current liabilities 272,260 202,838
Creditors: amounts falling due after more than one year 6 (214,606) (172,009)
Provisions for liabilities (10,513) (5,416)
Net assets 47,141 25,413
Capital and reserves
Called up share capital 3 3
Profit and loss account 47,138 25,410
Shareholders' funds 47,141 25,413
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Mayne
Director
Approved by the board on 16 April 2025
FBR Properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income being rent receivable from tenants in respect of the lease of the company's properties.
Investment properties
Investment properties are carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable properties, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. No depreciation is provided on investment properties.
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
Fair value
At 1 August 2023 285,000
Surplus on revaluation 32,000
At 31 July 2024 317,000
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 317,000
At 31 July 2023 285,000
Freehold land and buildings: 2024 2023
Historical cost 256,495 256,495
Cumulative depreciation based on historical cost - -
256,495 256,495
4 Debtors 2024 2023
Trade debtors 950 950
Other debtors 6,399 250
7,349 1,200
5 Creditors: amounts falling due within one year 2024 2023
Bank loans and overdrafts - 4,881
Trade creditors - 1,550
Taxation and social security costs - 21
Other creditors 75,561 79,652
75,561 86,104
6 Creditors: amounts falling due after one year 2024 2023
Bank loans 214,606 172,009
7 Loans 2024 2023
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 214,606 -
Instalments falling due for payment after more than five years - 150,522
214,606 150,522
Secured bank loans 214,606 176,890
The mortgage loans are secured on the property concerned.
8 Controlling party
The directors consider that there is no controlling party.
9 Other information
FBR Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Bury & Walkers
Britannic House, Regent Street
Barnsley
South Yorkshire
S70 2EQ
FBR Properties Ltd 12768993 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2025 D Mayne No description of principal activity 12768993 2022-08-01 2023-07-31 12768993 core:WithinOneYear 2023-07-31 12768993 core:AfterOneYear 2023-07-31 12768993 core:ShareCapital 2023-07-31 12768993 core:RetainedEarningsAccumulatedLosses 2023-07-31 12768993 core:MoreThanFiveYears 2023-07-31 12768993 2023-08-01 2024-07-31 12768993 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12768993 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12768993 bus:Director40 2023-08-01 2024-07-31 12768993 1 2023-08-01 2024-07-31 12768993 2 2023-08-01 2024-07-31 12768993 core:LandBuildings 2023-08-01 2024-07-31 12768993 countries:England 2023-08-01 2024-07-31 12768993 bus:FRS102 2023-08-01 2024-07-31 12768993 bus:FilletedAccounts 2023-08-01 2024-07-31 12768993 2024-07-31 12768993 core:WithinOneYear 2024-07-31 12768993 core:AfterOneYear 2024-07-31 12768993 core:ShareCapital 2024-07-31 12768993 core:RetainedEarningsAccumulatedLosses 2024-07-31 12768993 core:LandBuildings 2024-07-31 12768993 core:MoreThanFiveYears 2024-07-31 12768993 2023-07-31 12768993 core:LandBuildings 2023-07-31 iso4217:GBP xbrli:pure