| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| FURNESS COMMERCIAL PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| FURNESS COMMERCIAL PROPERTIES LIMITED |
| FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FURNESS COMMERCIAL PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| Sunderland |
| SR43 4FW |
| FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
| ABRIDGED BALANCE SHEET |
| 28 FEBRUARY 2025 |
| 28.2.25 | 28.2.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
| ABRIDGED BALANCE SHEET - continued |
| 28 FEBRUARY 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 1. | STATUTORY INFORMATION |
| Furness Commercial Properties Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis. |
| 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 |
| Motor vehicles | - |
| Investment property |
| The company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of investment properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties which is a departure from the Financial Reporting Standard 102 and from the Companies Act 2006. |
| The directors consider that their policy is necessary in order that the Financial Statements give a true and fair |
| view. Current values and changes in current values are of prime importance rather than the calculation of |
| systematic annual depreciation. |
| Rental income |
| Rental income in recognised in the profit and loss on the accruals basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FURNESS COMMERCIAL PROPERTIES LIMITED (REGISTERED NUMBER: 14650949) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| Additions |
| At 28 February 2025 |
| DEPRECIATION |
| Charge for year |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 29 February 2024 |
| Additions |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 28 February 2024 |
| All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102. |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.25 | 28.2.24 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At 28th February 2025 Mr A Pullin and Miss H G Sanders, the directors of the company, had on an unsecured interest free basis advanced £323,617 (2024 £174,528) to the company. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Mr A Pullin and Miss H G Sanders. |