REGISTERED NUMBER: 05339355 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FILEY ESTATES LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

E Matyas

SECRETARY:

MRS C MATYAS

REGISTERED OFFICE:

11B Filey Avenue

Stamford Hill

London

N16 6JL

REGISTERED NUMBER:

05339355 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

229

269

Investment property

5

996,703

996,703

996,932

996,972

CURRENT ASSETS

Cash at bank

3,708

1,274

CREDITORS

Amounts falling due within one year

(109,447

)

(116,581

)

NET CURRENT LIABILITIES

(105,739

)

(115,307

)

TOTAL ASSETS LESS CURRENT LIABILITIES

891,193

881,665

CREDITORS

Amounts falling due after more than one year

6

(299,955

)

(308,013

)

NET ASSETS

591,238

573,652

CAPITAL AND RESERVES

Called up share capital

7

1

1

Revaluation reserve

8

397,149

397,149

Retained earnings

8

194,088

176,502

SHAREHOLDERS' FUNDS

591,238

573,652

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

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 September 2025 and were signed by:

E Matyas - Director

1.	STATUTORY INFORMATION

Filey Estates 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.

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

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 rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

2,850

DEPRECIATION

At 1 February 2024

2,581

Charge for year

40

At 31 January 2025

2,621

NET BOOK VALUE

At 31 January 2025

229

At 31 January 2024

269

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

996,703

NET BOOK VALUE

At 31 January 2025

996,703

At 31 January 2024

996,703

Cost or valuation at 31 January 2025 is represented by:

£

Valuation in 2016

327,149

Valuation in 2021

70,000

Cost

599,554

996,703

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.1.25

31.1.24

£

£

Repayable by instalments

Bank loans more 5 yr by instal

299,955

308,013

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

1

Ordinary

1

1

1

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2024

176,502

397,149

573,651

Profit for the year

17,586

17,586

At 31 January 2025

194,088

397,149

591,237