1 January 2024 v2025.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP102322842024-01-012024-12-31102322842024-12-31102322842023-12-3110232284core:WithinOneYear2024-12-3110232284core:WithinOneYear2023-12-3110232284core:AfterOneYear2024-12-3110232284core:AfterOneYear2023-12-3110232284core:ShareCapital2024-12-3110232284core:ShareCapital2023-12-3110232284core:RetainedEarningsAccumulatedLosses2024-12-3110232284core:RetainedEarningsAccumulatedLosses2023-12-3110232284bus:Director12024-01-012024-12-3110232284bus:RegisteredOffice2024-01-012024-12-31102322842023-01-012023-12-3110232284core:LandBuildings2024-12-3110232284core:LandBuildings2023-12-311023228412024-01-012024-12-3110232284countries:EnglandWales2024-01-012024-12-3110232284bus:AuditExemptWithAccountantsReport2024-01-012024-12-3110232284bus:PrivateLimitedCompanyLtd2024-01-012024-12-3110232284bus:SmallEntities2024-01-012024-12-3110232284bus:FullAccounts2024-01-012024-12-31
Company registration number:
10232284
Firecracker Properties Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House, 117c Liverpool Road, Cadishead, Manchester, M44 5BG, United Kingdom
Firecracker Properties Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Firecracker Properties Ltd
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Firecracker Properties Ltd
for the year ended
31 December 2024
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Firecracker Properties Ltd
, as a body, in accordance with the terms of our engagement letter dated 20 December 2022. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Firecracker Properties Ltd
and state those matters that we have agreed to state to the Board of Directors of
Firecracker Properties Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Firecracker Properties Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Firecracker Properties Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Firecracker Properties Ltd
. You consider that
Firecracker Properties Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Firecracker Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
29 September 2025
Firecracker Properties Ltd
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
665,000
 
665,000
 
Current assets    
Debtors 6
600
 
600
 
Cash at bank and in hand
29,894
 
13,128
 
30,494
 
13,728
 
Creditors: amounts falling due within one year 7
(79,930
 )
(277,305
 )
Net current liabilities
(49,436
 )
(263,577
 )
Total assets less current liabilities 615,564   401,423  
Creditors: amounts falling due after more than one year 8
(390,830
 )
(299,646
 )
Net assets
224,734
 
101,777
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
224,634
 
101,677
 
Shareholders funds
224,734
 
101,777
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 September 2025
, and are signed on behalf of the board by:
Mr M Musson
Director
Company registration number:
10232284
Firecracker Properties Ltd
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office 16, Hamilton Davies House
,
117c Liverpool Road
,
Cadishead
,
Manchester
,
M44 5BG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for rentals on investment properties

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
2
).

5 Tangible assets

Land and buildings
£
Cost  
At
1 January 2024
and
31 December 2024
665,000
 
Depreciation  
At
1 January 2024
and
31 December 2024
 -  
Carrying amount  
At
31 December 2024
665,000
 
At 31 December 2023
665,000
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying value at
1 January 2024
and
31 December 2024
665,000
 

6 Debtors

20242023
££
Other debtors
600
 
600
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
2,677
 
2,677
 
Other creditors
77,253
 
274,628
 
79,930
 
277,305
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
390,830
 
299,646
 
The bank loans are secured by a fixed and floating charge over the assets of the company.
Included within creditors: amounts falling due within one year is an amount of £390,830 (2023: £299,646)in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9 Controlling party

The company is an wholly owned subsidiary of Firecracker Property Holdings Limited