Company registration number 08277046 (England and Wales)
FRIAR 137 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
FRIAR 137 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FRIAR 137 LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
2,226,236
2,226,236
Current assets
Debtors
4
2,052,989
350,000
Cash at bank and in hand
194,073
1,507,189
2,247,062
1,857,189
Creditors: amounts falling due within one year
5
(2,256,242)
(2,199,000)
Net current liabilities
(9,180)
(341,811)
Total assets less current liabilities
2,217,056
1,884,425
Creditors: amounts falling due after more than one year
6
(43,442)
Net assets
2,217,056
1,840,983
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
2,216,056
1,839,983
Total equity
2,217,056
1,840,983
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 August 2025
B G Draper
Director
Company registration number 08277046 (England and Wales)
FRIAR 137 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Friar 137 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Churchill Park, Private Road No.2, Colwick, Nottingham, NG4 2HF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
FRIAR 137 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
1.4
Equity instruments
Share capital issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on share capital are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
1
1
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2,226,236
2,226,236
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
118,125
Other debtors
1,934,864
350,000
2,052,989
350,000
FRIAR 137 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
2,256,242
2,199,000
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings
43,442
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
James Simmonds
Statutory Auditor:
UHY Hacker Young
Date of audit report:
28 August 2025
8
Directors' transactions
Dividends totalling £453,877 (2024 - £948,000) were paid in the year in respect of shares held by the company's directors.
There are amounts owed from the director at the balance sheet date, which are included within other debtors. Amounts owed at the start of the year were £350,000. No further amounts have been advanced during the year, therefore the balance at the year end is £350,000.