Frome Valley Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11937675 (England and Wales)

Unaudited Financial Statements for the Year Ended 5th April 2025

for

Frome Valley Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P E Fredericks

Mrs S Y Fredericks

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

11937675 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

955

572

Investment property

5

1,950,000

1,950,955

1,950,572

CURRENT ASSETS

Debtors

6

19,787

15,218

Cash at bank

16,889

12,263

36,676

27,481

CREDITORS

Amounts falling due within one year

7

53,622

69,165

NET CURRENT LIABILITIES

(16,946

)

(41,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,934,009

1,908,888

CREDITORS

Amounts falling due after more than one year

8

(621,689

)

(626,007

)

PROVISIONS FOR LIABILITIES

(46,559

)

(46,559

)

NET ASSETS

1,265,761

1,236,322

CAPITAL AND RESERVES

Called up share capital

10

100,000

Share premium

11

996,612

Fair value reserve

11

139,677

Retained earnings

11

29,472

33

SHAREHOLDERS' FUNDS

1,265,761

1,236,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

Mr P E Fredericks - Director

1.	STATUTORY INFORMATION

Frome Valley Properties 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.

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 rents receivable.

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

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 6th April 2024

1,596

793

2,389

Additions

-

676

At 5th April 2025

1,596

1,469

3,065

DEPRECIATION

At 6th April 2024

1,024

793

1,817

Charge for year

143

150

293

At 5th April 2025

1,167

943

2,110

NET BOOK VALUE

At 5th April 2025

429

526

955

At 5th April 2024

572

-

572

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6th April 2024

and 5th April 2025

1,950,000

NET BOOK VALUE

At 5th April 2025

1,950,000

At 5th April 2024

1,950,000

Fair value at 5th April 2025 is represented by:

£

Valuation in 2021

121,236

Valuation in 2022

65,000

Cost

1,763,764

1,950,000

If investment property had not been revalued it would have been included at the following historical cost:

5.4.25

5.4.24

£

Cost

1,763,764

Investment property was valued on an open market basis on 5th April 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

Trade debtors

-

4,120

Other debtors

19,153

10,567

Prepayments

634

531

19,787

15,218

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

Other loans

4,314

4,162

Tax

13,981

13,207

Other creditors

19,153

10,567

Directors' current accounts

6,335

33,509

Deferred income

7,854

5,740

Accrued expenses

1,985

1,980

53,622

69,165

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

Other loans - 1-2 years

4,472

4,314

Other loans - 2-5 years

14,413

13,905

Other loans more 5yrs non-inst

602,804

607,788

621,689

626,007

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

602,804

607,788

9.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.25

5.4.24

£

Other loans

626,003

630,169

The loans are secured by a fixed charge on the investment properties as indicated in note 7.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.25

5.4.24

value:

£

21,000

Ordinary A

£1

21,000

Ordinary B

£1

21,000

58,000

Ordinary C

£1

58,000

100,000

11.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

At 6th April 2024

33

996,612

139,677

1,136,322

Profit for the year

53,439

Dividends

(24,000

)

(24,000

)

At 5th April 2025

29,472

996,612

139,677

1,165,761