F.F.F. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC274948

F.F.F. LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

F.F.F. LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

F.F.F. LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr C. Findlay
	Mrs L.S. Findlay
	Mrs R.M. Calder

Company secretary	Mrs L.S. Findlay

Registered office	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

Accountants	Ritsons
	Chartered Accountants
	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

F.F.F. LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF F.F.F. LIMITED

YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F.F.F. Limited for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of F.F.F. Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of F.F.F. Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F.F.F. Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that F.F.F. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of F.F.F. Limited. You consider that F.F.F. Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of F.F.F. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ritsons Chartered Accountants

26-30 Marine Place Buckie Moray AB56 1UT

5 September 2025

F.F.F. LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	4	207,094	207,140

CURRENT ASSETS

Debtors	5	150	221
Cash at bank and in hand		1,085	842
		-------	-------
		1,235	1,063

CREDITORS: amounts falling due within one year	6	101,111	107,551
		---------	---------
NET CURRENT LIABILITIES		99,876	106,488
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		107,218	100,652

PROVISIONS

Taxation including deferred tax	49	58
	---------	---------
NET ASSETS	107,169	100,594
	---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	107,069	100,494
	---------	---------
SHAREHOLDERS FUNDS	107,169	100,594
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

F.F.F. LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mr C. Findlay
Director

Company registration number: SC274948

F.F.F. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 26-30 Marine Place, Buckie, Moray, AB56 1UT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	15% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Investment Property	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	206,837	2,073	208,910
	---------	-------	---------
Depreciation
At 1 April 2024	–	1,770	1,770
Charge for the year	–	46	46
	---------	-------	---------
At 31 March 2025	–	1,816	1,816
	---------	-------	---------
Carrying amount
At 31 March 2025	206,837	257	207,094
	---------	-------	---------
At 31 March 2024	206,837	303	207,140
	---------	-------	---------

The property was revalued as at 31 March 2017 by the directors based on their view as to the fair value and the present economic climate. It is the director's judgement that the fair value has not significantly changed since the prior financial period and so the valuation is unchanged.

5. Debtors

	2025	2024
	£	£
Other debtors	150	221
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	1,785	1,846
Other creditors	99,326	105,705
	---------	---------
	101,111	107,551
	---------	---------

7. Related party transactions

As at the 31 March 2025, the company owed the directors £98,376 (2024: £104,755) by way of a director's loan account. During the year the company paid dividends of £1,000 (2024: £2,000) to the directors.