REGISTERED NUMBER: 05810510 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

F & P INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C J Haggis

Mr D Spray

Mrs P R York

Mr G J York

SECRETARY:

Mr D Spray

REGISTERED OFFICE:

Quorn House Comet Way

Hermitage Industrial Estate

Coalville

Leicestershire

LE67 3FS

REGISTERED NUMBER:

05810510 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Investment property

4

700,000

-

CURRENT ASSETS

Cash at bank

63,466

1

CREDITORS

Amounts falling due within one year

5

(32,175

)

(515

)

NET CURRENT ASSETS/(LIABILITIES)

31,291

(514

)

TOTAL ASSETS LESS CURRENT LIABILITIES

731,291

(514

)

CAPITAL AND RESERVES

Called up share capital

345,511

1

Fair value reserve

6

354,490

-

Retained earnings

31,290

(515

)

731,291

(514

)

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mr D Spray - Director

1.	STATUTORY INFORMATION

F & P Investments Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Quorn House Comet Way, Heritage Industrial Estate, Coalville, Leicestershire, LE67 3FS and the registered number is 05810510.

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.

The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

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.

The company's investment properties were revalued at the open market value in 2022. Investment properties are properties held to earn rentals and for capital appreciation. They were initially measured at cost with gains and losses arising from changed in the fair value included in the profit and loss in the period in which they arose.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

345,510

Revaluations

354,490

At 31 December 2024

700,000

NET BOOK VALUE

At 31 December 2024

700,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

354,490

Cost

345,510

700,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

18,160

-

Other creditors

14,015

515

32,175

515

6.

RESERVES

Fair

value

reserve

£

Revaluation reserve

354,490

At 31 December 2024

354,490

7.	POST BALANCE SHEET EVENTS

In 2025, Quorn House Holdings Limited the ultimate controlling party of the group undertook a capital reduction to demerge its shareholding in F&P Investments Limited such that F&P Investments Limited became a wholly owned subsidiary of FPI Capital Partners Limited.

8.	ULTIMATE CONTROLLING PARTY

During the year a group reorganisation happened. The ultimate controlling party is Quorn House Holdings Limited.