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REGISTERED NUMBER: 00409091 (England and Wales)















WILLIAM FROST (HEANOR) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






WILLIAM FROST (HEANOR) LIMITED (REGISTERED NUMBER: 00409091)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAM FROST (HEANOR) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mrs S M Knifton
S J Frost





SECRETARY: Mrs S M Knifton





REGISTERED OFFICE: 2 Market Street
Heanor
Derbyshire
DE75 7NR





REGISTERED NUMBER: 00409091 (England and Wales)

WILLIAM FROST (HEANOR) LIMITED (REGISTERED NUMBER: 00409091)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 148,772 131,978
Investment property 6 963,241 870,799
1,112,013 1,002,777

CURRENT ASSETS
Debtors 7 6,804 6,117
Cash at bank 250,032 249,471
256,836 255,588
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

8

34,715

36,703
NET CURRENT ASSETS 222,121 218,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,334,134

1,221,662

PROVISIONS FOR LIABILITIES 9 175,487 153,174
NET ASSETS 1,158,647 1,068,488

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Non-distributable reserve 11 724,733 657,796
Retained earnings 11 423,914 400,692
SHAREHOLDERS' FUNDS 1,158,647 1,068,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WILLIAM FROST (HEANOR) LIMITED (REGISTERED NUMBER: 00409091)

BALANCE SHEET - continued
31 JANUARY 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





S J Frost - Director


WILLIAM FROST (HEANOR) LIMITED (REGISTERED NUMBER: 00409091)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

William Frost (Heanor) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
Turnover represents amounts receivable in respect of property lettings and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

WILLIAM FROST (HEANOR) LIMITED (REGISTERED NUMBER: 00409091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2024
and 31 January 2025 3,066
DEPRECIATION
At 1 February 2024
and 31 January 2025 3,066
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2024 131,978
Additions 1,473
Revaluations 13,599
Dividends received 1,722
At 31 January 2025 148,772
NET BOOK VALUE
At 31 January 2025 148,772
At 31 January 2024 131,978

WILLIAM FROST (HEANOR) LIMITED (REGISTERED NUMBER: 00409091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 January 2025 is represented by:

Other
investments
£   
Valuation in 2025 148,772

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 870,799
Additions 3,192
Revaluations 89,250
At 31 January 2025 963,241
NET BOOK VALUE
At 31 January 2025 963,241
At 31 January 2024 870,799

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2014 789,623
Valuation in 2016 210,377
Valuation in 2020 (100,000 )
Valuation in 2021 (45,000 )
Valuation in 2022 (17,750 )
Valuation in 2023 20,000
Valuation in 2024 13,549
Valuation in 2025 92,442
963,241

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 267,956 264,764

Investment property was valued on an open market basis on 6 February 2025 by NG Property Consultants Ltd .

WILLIAM FROST (HEANOR) LIMITED (REGISTERED NUMBER: 00409091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,995 -
Other debtors 3,809 6,117
6,804 6,117

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 46 4,194
Taxation and social security 11,903 11,430
Other creditors 22,766 21,079
34,715 36,703

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 175,487 153,174

Deferred
tax
£   
Balance at 1 February 2024 153,174
Provided during year 22,313
Balance at 31 January 2025 175,487

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
4,000 Ordinary shares £1 4,000 4,000
6,000 B ordinary shares £1 6,000 6,000
10,000 10,000

WILLIAM FROST (HEANOR) LIMITED (REGISTERED NUMBER: 00409091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


11. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 February 2024 400,692 657,796 1,058,488
Profit for the year 130,260 130,260
Dividends (40,100 ) (40,100 )
Property revaluation (66,938 ) 66,937 (1 )
At 31 January 2025 423,914 724,733 1,148,647

12. CONTROL

The company is controlled by it's directors.