REGISTERED NUMBER: 13674910 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

F&M PROPERTY HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Greaves

REGISTERED OFFICE:

12 Roman Way Industrial Estate

Longridge Road

Ribbleton

Preston

Lancashire

PR2 5BB

REGISTERED NUMBER:

13674910 (England and Wales)

ACCOUNTANTS:

SBCA Chartered Accountants

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

FIXED ASSETS

Investments

4

100

100

Investment property

5

1,101,542

850,000

1,101,642

850,100

CURRENT ASSETS

Debtors

6

154,430

43,041

Cash at bank

195,027

209,804

349,457

252,845

CREDITORS

Amounts falling due within one year

7

(23,106

)

(35,300

)

NET CURRENT ASSETS

326,351

217,545

TOTAL ASSETS LESS CURRENT LIABILITIES

1,427,993

1,067,645

CREDITORS

Amounts falling due after more than one year

8

(250,086

)

(199,972

)

PROVISIONS FOR LIABILITIES

9

(28,500

)

-

NET ASSETS

1,149,407

867,673

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

121,500

-

Retained earnings

11

1,027,807

867,573

SHAREHOLDERS' FUNDS

1,149,407

867,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th September 2025 and were signed by:

M Greaves - Director

1.	STATUTORY INFORMATION

F&M Property Holdings 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.

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.

Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties were initially measured at cost, including transaction costs.

Subsequently under FRS 102, investment properties are measured at fair value. Investment

property valuations are based on an open market value. Deferred tax is provided on these

movements. Gains and losses arising from changes in fair value of investment properties are

included in the Statement of Income and Fair Value Reserve in the period in which they arise.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1st January 2024

and 31st December 2024

100

NET BOOK VALUE

At 31st December 2024

100

At 31st December 2023

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

F & M Powder Coating Specialists Limited

Registered office: 12 Roman Way, Industrial Estate, Longridge Road, Preston, Lancashire, PR2 5BB

Nature of business: Treatment and coating of metals

%

Class of shares:

holding

Ordinary

100.00

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

850,000

Additions

101,542

Revaluations

150,000

At 31st December 2024

1,101,542

NET BOOK VALUE

At 31st December 2024

1,101,542

At 31st December 2023

850,000

Fair value at 31st December 2024 is represented by:

£

Valuation in 2024

150,000

Cost

951,542

1,101,542

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

31.12.24

31.12.23

£

£

Cost

951,542

850,000

Investment property was valued on an open market basis on 31st December 2024 by the Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

148,136

43,041

Other debtors

6,294

-

154,430

43,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,890

6,686

Taxation and social security

4,746

4,122

Other creditors

7,470

24,492

23,106

35,300

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

250,086

199,972

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

206,526

173,228

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax provision

28,500

-

Deferred

tax

£

Provided during year

28,500

Balance at 31st December 2024

28,500

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st January 2024

867,573

-

867,573

Profit for the year

312,756

312,756

Dividends

(31,022

)

(31,022

)

Fair value reserve

(150,000

)

150,000

-

Deferred tax provision

28,500

(28,500

)

-

At 31st December 2024

1,027,807

121,500

1,149,307

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances of £149,173 and credits of £121,022 were made. At the balance sheet date the amount owed by the director was 16,301. The maximum balance during the year was £43,128. Interest has been charged at the HMRC approved interest rate and in line with HMRC rules. Amounts are repayable on demand.