REGISTERED NUMBER: 12003620 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Friends Investments Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Ritesh Rai

REGISTERED OFFICE:

336 Locking Road

Weston Super Mare

BS22 8PD

REGISTERED NUMBER:

12003620 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Property, plant and equipment

4

972,480

974,922

CURRENT ASSETS

Debtors

5

89,038

87,038

Cash at bank and in hand

186,228

14,620

275,266

101,658

CREDITORS

Amounts falling due within one year

6

87,492

261,377

NET CURRENT ASSETS/(LIABILITIES)

187,774

(159,719

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,160,254

815,203

CREDITORS

Amounts falling due after more than one year

7

1,165,762

809,780

NET (LIABILITIES)/ASSETS

(5,508

)

5,423

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(5,608

)

5,323

SHAREHOLDERS' FUNDS

(5,508

)

5,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Income Statement has not been delivered.

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

Mr Ritesh Rai - Director

1.	STATUTORY INFORMATION

Friends Investments Ltd 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.

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.

Turnover

Revenue 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

958,642

16,697

975,339

DEPRECIATION

At 1 June 2024

-

417

417

Charge for year

-

2,442

2,442

At 31 May 2025

-

2,859

2,859

NET BOOK VALUE

At 31 May 2025

958,642

13,838

972,480

At 31 May 2024

958,642

16,280

974,922

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

89,038

87,038

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

6,492

6,491

Taxation and social security

-

483

Other creditors

81,000

254,403

87,492

261,377

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

654,221

455,837

Other creditors

511,541

353,943

1,165,762

809,780

Amounts falling due in more than five years:

Repayable by instalments

Mortgage Ac - The Mortgage Wor

210,930

-

Mortgage Account - 68 Earlham

165,980

-

376,910

-

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

100

Share capital 1

£1

100

100