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REGISTERED NUMBER: 07884175 (England and Wales)















Fraser Street Properties Limited

Unaudited Financial Statements for the Year Ended 31 March 2025






Fraser Street Properties Limited (Registered number: 07884175)






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


Fraser Street Properties Limited

Company Information
for the year ended 31 March 2025







DIRECTOR: G P Kingdon





SECRETARY: G P Kingdon





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 07884175 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Fraser Street Properties Limited (Registered number: 07884175)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228 304
Investment property 5 500,000 413,000
500,228 413,304

CURRENT ASSETS
Debtors 6 589 571
Cash at bank 22,061 20,512
22,650 21,083
CREDITORS
Amounts falling due within one year 7 13,542 12,028
NET CURRENT ASSETS 9,108 9,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,336

422,359

CREDITORS
Amounts falling due after more than one
year

8

(95,226

)

(94,691

)

PROVISIONS FOR LIABILITIES (101,201 ) (79,470 )
NET ASSETS 312,909 248,198

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 312,733 247,483
Retained earnings 175 714
SHAREHOLDERS' FUNDS 312,909 248,198

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.

Fraser Street Properties Limited (Registered number: 07884175)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 July 2025 and were signed by:





G P Kingdon - Director


Fraser Street Properties Limited (Registered number: 07884175)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Fraser Street 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 rental income from properties and is recognised on a straight line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT.Incentives granted to tenants, such as rent free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed.

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 reducing balance

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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

Fraser Street Properties Limited (Registered number: 07884175)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024
and 31 March 2025 721
DEPRECIATION
At 1 April 2024 417
Charge for year 76
At 31 March 2025 493
NET BOOK VALUE
At 31 March 2025 228
At 31 March 2024 304

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 413,000
Revaluations 87,000
At 31 March 2025 500,000
NET BOOK VALUE
At 31 March 2025 500,000
At 31 March 2024 413,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2023 326,878
Valuation in 2025 87,000
Cost 86,122
500,000

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

2025 2024
£    £   
Cost 86,122 86,122

The investment properties were valued on an open market basis basis on 31 March 2025 by the director .

Fraser Street Properties Limited (Registered number: 07884175)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 589 571

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 122 128
Other creditors 13,420 11,900
13,542 12,028

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 95,226 94,691

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1 1 1