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Registration number: 9385176

Fryers Gate (Hereford) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2025

 

Fryers Gate (Hereford) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Fryers Gate (Hereford) Limited

Company Information

Director

Mr P L Tobin

Company secretary

Mrs C L Tobin

Registered office

St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Accountants

Young & Co
Chartered Accountants
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Fryers Gate (Hereford) Limited

(Registration number: 9385176)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

857,626

862,833

Cash at bank and in hand

 

148

35

 

857,774

862,868

Creditors: Amounts falling due within one year

5

(835,391)

(834,828)

Total assets less current liabilities

 

22,383

28,040

Creditors: Amounts falling due after more than one year

5

(22,686)

(28,241)

Net liabilities

 

(303)

(201)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(304)

(202)

Shareholders' deficit

 

(303)

(201)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Fryers Gate (Hereford) Limited

(Registration number: 9385176)
Balance Sheet as at 30 April 2025
(continued)

Approved and authorised by the director on 5 August 2025
 

.........................................
Mr P L Tobin
Director

 

Fryers Gate (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA
England

The principal place of business is:
Laurel House
Stretton Sugwas
Hereford
Herefordshire
HR4 7AA

These financial statements were authorised for issue by the director on 5 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Fryers Gate (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

2

Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Fryers Gate (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Debtors

Note

2025
£

2024
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

857,626

862,833

 

857,626

862,833

 

Fryers Gate (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

5,555

9,971

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

829,836

824,857

 

835,391

834,828

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

22,686

28,241


Creditors include bank loans repayable by instalments of £463 (2024 - £6,019) due after more than five years.

 

Fryers Gate (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

22,686

28,241

Current loans and borrowings

2025
£

2024
£

Bank borrowings

5,555

5,555

Bank overdrafts

-

4,416

5,555

9,971

 

Fryers Gate (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

8

Related party transactions

Loans to related parties

2025

Parent
£

Total
£

At start of period

33,449

33,449

Repaid

780

780

Interest transactions

(5,987)

(5,987)

At end of period

28,242

28,242

2024

Parent
£

Total
£

At start of period

39,247

39,247

Repaid

(6,720)

(6,720)

Interest transactions

922

922

At end of period

33,449

33,449

Terms of loans to related parties

The loan is interest bearing, unsecured and repayable by instalments.
 

Loans from related parties

2025

Parent
£

Total
£

At start of period

824,857

824,857

Advanced

4,979

4,979

At end of period

829,836

829,836

 

Fryers Gate (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

8

Related party transactions (continued)

2024

Parent
£

Total
£

At start of period

824,414

824,414

Advanced

1,400

1,400

Repaid

(957)

(957)

At end of period

824,857

824,857

Terms of loans from related parties

The loan is interest free, unsecured and repayable on demand.
 

9

Parent and ultimate parent undertaking

The company's immediate parent is Riverside Construction (Hereford) Limited, incorporated in England and Wales.