Company registration number 00397437 (England and Wales)
Fraylings (Holdings) Limited
Unaudited financial statements
For the year ended 31 July 2024
Fraylings (Holdings) Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Fraylings (Holdings) Limited
Balance sheet
As at 31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
8,570,029
8,396,939
Current assets
Debtors
4
529,650
547,758
Cash at bank and in hand
4,158
9,322
533,808
557,080
Creditors: amounts falling due within one year
5
(139,345)
(112,078)
Net current assets
394,463
445,002
Net assets
8,964,492
8,841,941
Capital and reserves
Called up share capital
6
24,000
24,000
Profit and loss reserves
8,940,492
8,817,941
Total equity
8,964,492
8,841,941

For the financial year ended 31 July 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 April 2025 and are signed on its behalf by:
Mr J.A. Frayling
Director
Company registration number 00397437 (England and Wales)
Fraylings (Holdings) Limited
Notes to the financial statements
For the year ended 31 July 2024
- 2 -
1
Accounting policies
Company information

Fraylings (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Davenport Street, Burslem, Stoke On Trent, ST6 4LN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for property sales, rent and services net of VAT.

1.3
Fixed asset investments

Interests in jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Fraylings (Holdings) Limited
Notes to the financial statements (continued)
For the year ended 31 July 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Retirement benefits
The company operates defined contribution schemes for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
8,570,029
8,396,939
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 August 2023
8,396,939
Additions
534,023
Disposals
(360,933)
At 31 July 2024
8,570,029
Carrying amount
At 31 July 2024
8,570,029
At 31 July 2023
8,396,939
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
529,650
547,758
Fraylings (Holdings) Limited
Notes to the financial statements (continued)
For the year ended 31 July 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
21,737
Taxation and social security
78,760
41,483
Other creditors
60,585
48,858
139,345
112,078
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4,000
4,000
4,000
4,000
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
15% Cumulative preference shares of £1 each
20,000
20,000
20,000
20,000
Preference shares classified as equity
20,000
20,000
Total equity share capital
24,000
24,000
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