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Company Registration No. 14779467 (England and Wales)
FM ASSETS LTD Unaudited accounts for the year ended 30 April 2025
FM ASSETS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FM ASSETS LTD Company Information for the year ended 30 April 2025
Directors
Jacob Friedman David Margulies
Company Number
14779467 (England and Wales)
Registered Office
16C URBAN HIVE THEYDON ROAD LONDON E5 9BQ ENGLAND
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FM ASSETS LTD Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Investments
4
100
-
Current assets
Debtors
5
1,107,128
1,144,629
Cash at bank and in hand
148
499
1,107,276
1,145,128
Creditors: amounts falling due within one year
6
(362,308)
(387,600)
Net current assets
744,968
757,528
Net assets
745,068
757,528
Capital and reserves
Called up share capital
100
100
Profit and loss account
744,968
757,428
Shareholders' funds
745,068
757,528
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by
Jacob Friedman Director Company Registration No. 14779467
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FM ASSETS LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
FM ASSETS LTD is a private company, limited by shares, registered in England and Wales, registration number 14779467. The registered office is 16C URBAN HIVE, THEYDON ROAD, LONDON, E5 9BQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Accounting Estimates and Judgements
Judgements made by the directors in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are as follows: Property valuation The valuation of the company's investment property is inherently subjective, depending on many factors including the nature of the property, its location and expected future net rental values. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern.
4
Investments
Subsidiary undertakings
£
Valuation at 1 May 2024
-
Additions
100
Valuation at 30 April 2025
100
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FM ASSETS LTD Notes to the Accounts for the year ended 30 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,107,109
1,107,119
Other debtors
19
37,510
1,107,128
1,144,629
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
361,908
387,000
Accruals
400
600
362,308
387,600
Included in other creditors is £361,908 due to related companies in which Mr Margulies & Mr Friedman, directors of this company are also directors.
7
Transactions with related parties
Included in debtors is £1,107,109 due from a related company in which Mr Margulies & Mr Friedman, directors of this company are also directors.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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