Friargate Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06810007

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		24,703		35,087
Investment Properties	5		425,000		425,000

			449,703		460,087
CURRENT ASSETS
Debtors	6	4,673		3,698
Cash at bank and in hand		36,628		59,187

		41,301		62,885
Creditors: Amounts Falling Due Within One Year	7	(334,799 )		(308,639 )

NET CURRENT ASSETS (LIABILITIES)			(293,498 )		(245,754 )

TOTAL ASSETS LESS CURRENT LIABILITIES			156,205		214,333

Creditors: Amounts Falling Due After More Than One Year	8		(5,903 )		(19,983 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,852 )		(18,798 )

NET ASSETS			119,450		175,552

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			119,350		175,452

SHAREHOLDERS' FUNDS			119,450		175,552

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Friargate Investments Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr W D Hillier Jnr

Director

17 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Friargate Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06810007 . The registered office is 1 Queens Avenue, Stanley Village, Derbyshire, DE7 6FH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	15% straight line
Computer Equipment	33.3% straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Friargate Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2024	4,001	39,340	25,747	2,529	71,617
Additions	516	-	-	-	516

As at 28 February 2025	4,517	39,340	25,747	2,529	72,133

Depreciation
As at 1 March 2024	1,821	7,023	25,637	2,049	36,530
Provided during the period	716	9,835	109	240	10,900

As at 28 February 2025	2,537	16,858	25,746	2,289	47,430

Net Book Value
As at 28 February 2025	1,980	22,482	1	240	24,703

As at 1 March 2024	2,180	32,317	110	480	35,087

5. Investment Property

	2025
	£
Fair Value
As at 1 March 2024 and 28 February 2025	425,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,650	3,600
Prepayments and accrued income	1,023	98

	4,673	3,698

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Friargate Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,921	9,921
Trade creditors	107	96
Bank loans and overdrafts	4,159	4,056
VAT	162	1,136
Other creditors	284,802	288,354
Accruals and deferred income	2,562	2,629
Directors' loan accounts	33,086	2,447

	334,799	308,639

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,134	14,055
Bank loans	1,769	5,928

	5,903	19,983

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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