FRODSHAM ENTERPRISES LIMITED 31/01/2025 iXBRL

Company registration number: 07490873

(England and Wales)

FRODSHAM ENTERPRISES LIMITED

Unaudited filleted financial statements

for the year ended

31 January 2025

FRODSHAM ENTERPRISES LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

FRODSHAM ENTERPRISES LIMITED

Directors and other information


	Director	D W G Suttle


	Company number	07490873


	Registered office	Greyhound Hill Farm
		Greyhound Hill
		Langham
		Colchester, Essex
		CO4 5QF


	Business address	Greyhound Hill Farm
		Greyhound Hill
		Langham
		Colchester, Essex
		CO4 5QF


	Accountants	Griffin Chapman
		4 & 5 The Cedars, Apex 12
		Old Ipswich Road
		Colchester
		Essex
		CO7 7QR

FRODSHAM ENTERPRISES LIMITED

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of FRODSHAM ENTERPRISES LIMITED

Year ended 31 January 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 FRODSHAM ENTERPRISES LIMITED for the year ended 31 January 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of FRODSHAM ENTERPRISES LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of FRODSHAM ENTERPRISES LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FRODSHAM ENTERPRISES LIMITED and its director as a body for our work or for this report.

It is your duty to ensure that FRODSHAM ENTERPRISES 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 FRODSHAM ENTERPRISES LIMITED. You consider that FRODSHAM ENTERPRISES 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 FRODSHAM ENTERPRISES 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.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12

Old Ipswich Road

Colchester

Essex

CO7 7QR

10 September 2025

FRODSHAM ENTERPRISES LIMITED

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investment property	5	2,227,702		2,162,808
Investments	6	2,377,708		2,240,306
		_______		_______
			4,605,410		4,403,114

Current assets
Debtors	7	533,232		471,300
Cash at bank and in hand		77,004		55,368
		_______		_______
		610,236		526,668
Creditors: amounts falling due
within one year	8	( 23,151)		( 19,271)
		_______		_______
Net current assets			587,085		507,397
			_______		_______
Total assets less current liabilities			5,192,495		4,910,511


Provisions for liabilities			( 194,540)		( 143,111)

			_______		_______
Net assets			4,997,955		4,767,400
			_______		_______

Capital and reserves
Called up share capital	9		11		11
Revaluation reserve	10		588,024		430,586
Profit and loss account	10		4,409,920		4,336,803
			_______		_______
Shareholders funds			4,997,955		4,767,400
			_______		_______

For the year ending 31 January 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 financial statements for the year in question in accordance with section 476;

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

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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

D W G Suttle

Director

Company registration number: 07490873

FRODSHAM ENTERPRISES LIMITED

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Greyhound Hill Farm, Greyhound Hill, Langham, Colchester, Essex, CO4 5QF.

The principal activity of the company continues to be that of an investment company.

2. Statement of compliance

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts or rebates.

Revenue from rental income is recognised in accordance with the terms stipulated in the leases with tenants.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

investment property are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any investment property carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Investment property

	Freehold property	Total
	£	£
Cost or valuation
At 1 February 2024	2,162,808	2,162,808
Revaluation	64,894	64,894
	_______	_______
At 31 January 2025	2,227,702	2,227,702
	_______	_______
Depreciation
At 1 February 2024 and 31 January 2025	-	-
	_______	_______
Carrying amount
At 31 January 2025	2,227,702	2,227,702
	_______	_______
At 31 January 2024	2,162,808	2,162,808
	_______	_______

The 2025 valuations were made by the Director, on an open market value for existing use basis.

Investment property held at valuation

In respect of investment property held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31 January 2025
Aggregate cost	1,625,451	1,625,451
Aggregate depreciation	-	-
	_______	_______
Carrying amount	1,625,451	1,625,451
	_______	_______

At 31 January 2024
Aggregate cost	1,625,451	1,625,451
Aggregate depreciation	-	-
	_______	_______
Carrying amount	1,625,451	1,625,451
	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 1 February 2024	2,240,306	2,240,306
Additions	1,759,541	1,759,541
Disposals	( 1,802,483)	( 1,802,483)
Revaluations	180,344	180,344
	_______	_______
At 31 January 2025	2,377,708	2,377,708
	_______	_______
Impairment
At 1 February 2024 and 31 January 2025	-	-
	_______	_______
Carrying amount
At 31 January 2025	2,377,708	2,377,708
	_______	_______
At 31 January 2024	2,240,306	2,240,306
	_______	_______

7. Debtors

	2025	2024
	£	£
Other debtors	533,232	471,300
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	20,576	16,992
Other creditors	2,575	2,279
	_______	_______
	23,151	19,271
	_______	_______

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 0.01 each	1,000	10	1,000	10
Ordinary B shares shares of £ 0.01 each	100	1	100	1
	_______	_______	_______	_______
	1,100	11	1,100	11
	_______	_______	_______	_______

10. Reserves

Fair value reserveThe fair value reserve relates to the revaluation of investment property and listed investments and includes associated deferred taxation.Profit & loss accountThe profit and loss reserve represents accumulated comprehensive income for the year and prior periods less any dividends paid.

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	-	6,134
	_______	_______

12. Controlling party

The controlling party is D W Suttle .