REGISTERED NUMBER: 09788563 (England and Wales)

FIG TREE REAL ESTATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Q S Toalster

J R Toalster

C A Toalster

REGISTERED OFFICE:

The Old Bat and Ball

St Johns Hill

Sevenoaks

Kent

TN13 3PF

REGISTERED NUMBER:

09788563 (England and Wales)

ACCOUNTANTS:

Lakeview Southern Limited

Chartered Accountants

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

FIXED ASSETS

Tangible assets

4

1,670

2,671

Investments

5

800

800

Investment property

6

20,815,598

20,588,776

20,818,068

20,592,247

CURRENT ASSETS

Debtors

7

635,182

595,025

Cash at bank and in hand

362,724

400,891

997,906

995,916

CREDITORS

Amounts falling due within one year

8

241,245

232,509

NET CURRENT ASSETS

756,661

763,407

TOTAL ASSETS LESS CURRENT LIABILITIES

21,574,729

21,355,654

CREDITORS

Amounts falling due after more than one year

9

(9,330,000

)

(9,330,000

)

PROVISIONS FOR LIABILITIES

(844,475

)

(794,993

)

NET ASSETS

11,400,254

11,230,661

CAPITAL AND RESERVES

Called up share capital

1,000,200

1,000,200

Share premium

6,710,700

6,710,700

Non-distributable reserves

3,598,777

3,428,102

Retained earnings

90,577

91,659

11,400,254

11,230,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 19 June 2025 and were signed on its behalf by:

Q S Toalster - Director

1.	STATUTORY INFORMATION

Fig Tree Real Estate 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.

Preparation of consolidated financial statements

The financial statements contain information about Fig Tree Real Estate Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Plant and machinery etc

-

20% on cost

Investments in subsidiaries

Fixed asset investments are shown at cost less amounts written off.

Provisions are made for permanent fluctuations in value.

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.

Deferred tax has not been provided for on the revaluation gain as there is no intention to sell any of the properties.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Revaluation reserve

Surplus or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributable reserve.

Revaluation deficits in excess of the amount of prior revaluation surpluses on the same assets are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

15,216

Disposals

(4,750

)

At 28 February 2025

10,466

DEPRECIATION

At 1 March 2024

12,545

Charge for year

1,001

Eliminated on disposal

(4,750

)

At 28 February 2025

8,796

NET BOOK VALUE

At 28 February 2025

1,670

At 29 February 2024

2,671

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

800

NET BOOK VALUE

At 28 February 2025

800

At 29 February 2024

800

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

20,588,776

Additions

16,112

Revaluations

210,710

At 28 February 2025

20,815,598

NET BOOK VALUE

At 28 February 2025

20,815,598

At 29 February 2024

20,588,776

Fair value at 28 February 2025 is represented by:

£

Valuation in 2020

75,257

Valuation in 2021

2,044,964

Valuation in 2022

2,165,224

Valuation in 2023

(53,220

)

Valuation in 2024

210,710

Cost

16,372,663

20,815,598

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

6,481

5,916

Amounts owed by group undertakings

569,766

529,766

Other debtors

58,935

59,343

635,182

595,025

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

13,761

19,365

Taxation and social security

13,554

3,439

Other creditors

213,930

209,705

241,245

232,509

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

9,330,000

9,330,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years Non-instalments

9,330,000

9,330,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

9,330,000

9,330,000

Bank loans are secured by a limited personal guarantee provided by J R Toalster, a director.

11.	RELATED PARTY DISCLOSURES

At the year end the Company owed the directors £2,512 (2024: £16,027).

At the year end the company was owed £569,766 (2024: £529,766) by Toalster Properties Limited, a wholly owned subsidiary and £30,000 (2024: £30,000) by Fig Street Livery Limited, a company under the common control of one of the directors.

During the year dividends were paid to a director in their capacity as a shareholder.