Registered number
05969029
Fruit Developments Limited
Unaudited Filleted Accounts
30 September 2024
Fruit Developments Limited
Registered number: 05969029
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,551,140 2,930,000
Current assets
Debtors 4 21,784 18,346
Cash at bank and in hand 50,571 110,594
72,355 128,940
Creditors: amounts falling due within one year 5 (758,618) (666,610)
Net current liabilities (686,263) (537,670)
Total assets less current liabilities 2,864,877 2,392,330
Creditors: amounts falling due after more than one year 6 (1,555,221) (1,272,985)
Provisions for liabilities (217,895) (186,167)
Net assets 1,091,761 933,178
Capital and reserves
Called up share capital 1 1
Revaluation reserve 8 726,890 634,142
Profit and loss account 364,870 299,035
Shareholder's funds 1,091,761 933,178
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
N J Mander
Director
Approved by the board on 28 February 2025
Fruit Developments Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of investment properties 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 received during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Investment properties
The investment properties are revalued annually by the directors at fair value. Any surplus or deficit on revaluation is recognised in the profit or loss in the year they occur and are then transferred to the revaluation reserve.

No depreciation is provided in respect of the investment properties.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment properties Motor vehicles Total
£ £ £
Cost
At 1 October 2023 2,930,000 - 2,930,000
Additions 477,501 20,400 497,901
Surplus on revaluation 123,664 - 123,664
At 30 September 2024 3,531,165 20,400 3,551,565
Depreciation
Charge for the year - 425 425
At 30 September 2024 - 425 425
Net book value
At 30 September 2024 3,531,165 19,975 3,551,140
At 30 September 2023 2,930,000 - 2,930,000
Investment properties: 2024 2023
£ £
Historical cost 2,587,191 2,109,690
Cumulative depreciation based on historical cost - -
2,587,191 2,109,690
The investment properties have been stated at £3,531,165 (2023 - £2,930,000) which in the opinion of the director is at fair value.
4 Debtors 2024 2023
£ £
Trade debtors 15,961 13,262
Other debtors 5,823 5,084
21,784 18,346
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,863 640
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 639,848
Taxation and social security costs 25,355 19,638
Other creditors 731,400 6,484
758,618 666,610
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,555,221 1,272,985
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 1,555,221 1,272,985
Secured bank loans 1,555,221 1,272,985
The loans are secured on the investment properties.
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 634,142 634,142
Gain on revaluation of investment properties 123,664 -
Deferred taxation arising on the revaluation of investment properties (30,916) -
At 30 September 2024 726,890 634,142
9 Other information
Fruit Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Grange House
112 Weston Road
Long Ashton, Bristol
Avon
BS41 9BZ
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