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REGISTERED NUMBER: 09990594 (England and Wales)











Frb Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Frb Properties Limited (Registered number: 09990594)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Frb Properties Limited

Company Information
for the Year Ended 31 March 2025







Director: T R Jenns





Registered office: 5 Ella Close
West Wittering
Chichester
West Sussex
PO20 8EZ





Registered number: 09990594 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Frb Properties Limited (Registered number: 09990594)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
Fixed assets
Tangible assets 4 - -
Investment property 5 1,390,000 1,295,147
1,390,000 1,295,147

Current assets
Debtors 6 920 1,964
Cash at bank 16,164 6,932
17,084 8,896
Creditors
Amounts falling due within one year 7 (502,477 ) (737,036 )
Net current liabilities (485,393 ) (728,140 )
Total assets less current liabilities 904,607 567,007

Creditors
Amounts falling due after more than one
year

8

(835,107

)

(835,107

)
Net assets/(liabilities) 69,500 (268,100 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings 69,400 (268,200 )
Shareholders' funds 69,500 (268,100 )

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

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

The director acknowledges his 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.

Frb Properties Limited (Registered number: 09990594)

Balance Sheet - continued
31 March 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 director and authorised for issue on 9 May 2025 and were signed by:





T R Jenns - Director


Frb Properties Limited (Registered number: 09990594)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. Statutory information

Frb Properties 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 have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.

Frb Properties Limited (Registered number: 09990594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2024
and 31 March 2025 6,828
Depreciation
At 1 April 2024
and 31 March 2025 6,828
Net book value
At 31 March 2025 -
At 31 March 2024 -

5. Investment property
Total
£   
Fair value
At 1 April 2024 1,295,147
Disposals (167,917 )
Valuation changes 262,770
At 31 March 2025 1,390,000
Net book value
At 31 March 2025 1,390,000
At 31 March 2024 1,295,147

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2025 1,390,000

Frb Properties Limited (Registered number: 09990594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. Investment property - continued

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

31.3.25 31.3.24
£    £   
Cost 1,395,684 1,593,017

Investment property was valued on an open market basis on 31 March 2025 by the director .

6. Debtors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Trade debtors - 748
Other debtors 920 1,216
920 1,964

7. Creditors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Taxation and social security 8,883 6,132
Other creditors 493,594 730,904
502,477 737,036

8. Creditors: amounts falling due after more than one year
31.3.25 31.3.24
£    £   
Other creditors 835,107 835,107

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loans 835,107 835,107

9. Secured debts

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Mortgage loans 835,107 835,107

Frb Properties Limited (Registered number: 09990594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100