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REGISTERED NUMBER: 00796582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FLAIRCROSS PROPERTIES LIMITED

FLAIRCROSS PROPERTIES LIMITED (REGISTERED NUMBER: 00796582) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| FLAIRCROSS PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | J E Pask

| J Papworth

| REGISTERED OFFICE: | Appleacre

| 6 Church Street

| Fenstanton

| Huntingdon

| Cambridgeshire

| PE28 9JL

| REGISTERED NUMBER: | 00796582 (England and Wales)

| ACCOUNTANTS: | Wright Connections Limited

| Bedford I-Lab

| Priory Business Park

| Stannard Way

| Bedford

| Bedfordshire

| MK44 3RZ

FLAIRCROSS PROPERTIES LIMITED (REGISTERED NUMBER: 00796582) |

BALANCE SHEET

31 DECEMBER 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 283 |  | 333 |  |

Investment property | 5 | 439,525 |  | 478,201 |  |

439,808 |  | 478,534 |  |

CURRENT ASSETS

Cash at bank | 239,831 |  | 241,479 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,626 |  | 1,535 |  |

NET CURRENT ASSETS | 238,205 |  | 239,944 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 678,013 |  | 718,478 |  |

PROVISIONS FOR LIABILITIES | 103,535 |  | 115,725 |  |

NET ASSETS | 574,478 |  | 602,753 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 93 |  | 93 |  |

Fair value reserve | 8 | 318,992 |  | 347,175 |  |

Retained earnings | 8 | 255,393 |  | 255,485 |  |

SHAREHOLDERS' FUNDS | 574,478 |  | 602,753 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

FLAIRCROSS PROPERTIES LIMITED (REGISTERED NUMBER: 00796582) |

BALANCE SHEET - continued

31 DECEMBER 2024

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 Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

J E Pask - Director

J Papworth - Director

FLAIRCROSS PROPERTIES LIMITED (REGISTERED NUMBER: 00796582) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Flaircross Properties Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

| Monetary amounts in these financial statements are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents net invoiced sales of houses and property exclusive of value added tax and direct selling expenses and rents received from properties retained in the company.

| 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

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Fair values are determined by the directors who review the property against similar properties that have been recently sold details of which can be found on the internet.

| Fair value of land is determined by how likely it is to be sold, the current classification of the land and the costs associated with the original purchase and costs associated with changing its use.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FLAIRCROSS PROPERTIES LIMITED (REGISTERED NUMBER: 00796582) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 3,588 |  |

| DEPRECIATION

| At 1 January 2024 | 3,255 |  |

| Charge for year | 50 |  |

| At 31 December 2024 | 3,305 |  |

| NET BOOK VALUE

| At 31 December 2024 | 283 |  |

| At 31 December 2023 | 333 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024 | 478,201 |  |

| Additions | 1,697 |  |

| Revaluations | (40,373 | ) |

| At 31 December 2024 | 439,525 |  |

| NET BOOK VALUE

| At 31 December 2024 | 439,525 |  |

| At 31 December 2023 | 478,201 |  |

| During the year the directors continued to take steps to actively improve the saleability of the land at Hemingford Grey. At present it can only be described as agricultural land suitable for pasture and has been valued on that basis. As there appears to be no demand for using this particular piece of land the directors estimate that its fair value is no more than its costs to date.

| Should it be classed as development land then the potential value could be as high as £25,000 per acre compared to the £7,425 per acre that was estimated using data from Frank Knight published March 2022. A report published by Strutt & Parker states that average pasture land prices were lower in 2024 than in 2022.

| The land was put forward for consideration by the local council as part of their "Call for sites" initiative. Drainage and transport studies were carried at to support this application. Although the application was unsuccessful the directors believe that it has potential for development in the future.

FLAIRCROSS PROPERTIES LIMITED (REGISTERED NUMBER: 00796582) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | INVESTMENT PROPERTY - continued

| Fair value at 31 December 2024 is represented by:

£ |

| Valuation in 1999 | 34,927 |  |

| Valuation in 2010 | 195,600 |  |

| Valuation in 2016 | 85,000 |  |

| Valuation in 2017 | 10,000 |  |

| Valuation in 2020 | 50,000 |  |

| Valuation in 2021 | 15,000 |  |

| Valuation in 2022 | 72,373 |  |

| Valuation in 2024 | (40,373 | ) |

| Cost | 16,998 |  |

439,525 |  |

| The residential property is revalued by the directors who take in to consideration recent market values of similar properties and the estimated value per Zoopla.

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Taxation and social security | 335 |  | 245 |  |

| Other creditors | 1,291 |  | 1,290 |  |

1,626 |  | 1,535 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 93 | Ordinary shares | £1 | 93 |  | 93 |  |

8. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2024 | 255,485 |  | 347,175 |  | 602,660 |  |

| Deficit for the year | (25,275 | ) | - |  | (25,275 | ) |

| Dividends | (3,000 | ) | - |  | (3,000 | ) |

| Fair value net/gain loss

| in the year | 28,183 |  | (28,183 | ) | - |  |

| At 31 December 2024 | 255,393 |  | 318,992 |  | 574,385 |  |

| The revaluation of the Investments Properties is net of £103,535 of deferred tax.