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REGISTERED NUMBER: 12919234 (England and Wales)













Financial Statements

for the Year Ended 31 December 2024

for

Frontier Road Limited

Frontier Road Limited (Registered number: 12919234)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Frontier Road Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M G Bercetche
S M Middleton





REGISTERED OFFICE: 11 Charter House
Crown Court
London
WC2B 5EX





REGISTERED NUMBER: 12919234 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Frontier Road Limited (Registered number: 12919234)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 3,863,872 -
3,863,872 -

CURRENT ASSETS
Debtors 6 637,794 285,856
Cash at bank 16,828 11,855
654,622 297,711
CREDITORS
Amounts falling due within one year 7 1,775,956 68,476
NET CURRENT (LIABILITIES)/ASSETS (1,121,334 ) 229,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,742,538

229,235

PROVISIONS FOR LIABILITIES 526,143 -
NET ASSETS 2,216,395 229,235

CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Non distributable reserve 9 1,578,427 -
Retained earnings 537,968 129,235
SHAREHOLDERS' FUNDS 2,216,395 229,235

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 13 June 2025 and were signed on its behalf by:





M G Bercetche - Director


Frontier Road Limited (Registered number: 12919234)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Frontier Road 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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.

Turnover
Turnover represents net fees earned on managed funds. Credit is taken for fees in the period to which the fee relates.

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/ payable
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 income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Frontier Road Limited (Registered number: 12919234)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 3,866
DEPRECIATION
At 1 January 2024
and 31 December 2024 3,866
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 1,759,302
Revaluations 2,104,570
At 31 December 2024 3,863,872
NET BOOK VALUE
At 31 December 2024 3,863,872

The company has investments of $2,239,629 (USD) in Frontier Road Cayman Feeder Fund, a secondary market Cayman investment fund. The company acts as sub-advisor to a portfolio of the fund.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 635,164 268,137
Other debtors - 15,418
VAT 2,630 2,301
637,794 285,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,171 1,755
Taxation 140,000 43,000
Other creditors 6,060 -
Directors' current accounts 1,622,825 20,821
Accrued expenses 2,900 2,900
1,775,956 68,476

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

Frontier Road Limited (Registered number: 12919234)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. RESERVES
Non
distributable
reserve
£   
Unrealised gains on revaluation of
investments

2,104,570

Deferred tax on unrealised gains (526,143 )

At 31 December 2024 1,578,427

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors contributed £1,602,196 to the company in order to fund the purchase of an investment and withdrew £192 of other funds. At the year end the company owed its directors £1,622,825 (2023 - £20,821). Amounts are interest free and repayable on demand.