The Firs Development LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12823763

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	89,380		92,501
Cash at bank and in hand		1,000		1,000

		90,380		93,501
Creditors: Amounts Falling Due Within One Year	5	(91,563 )		(91,610 )

NET CURRENT ASSETS (LIABILITIES)			(1,183 )		1,891

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,183 )		1,891

NET (LIABILITIES)/ASSETS			(1,183 )		1,891

CAPITAL AND RESERVES
Called up share capital	6		1,000		1,000
Profit and Loss Account			(2,183 )		891

SHAREHOLDERS' FUNDS			(1,183)		1,891

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The Firs Development LTD

Balance Sheet (continued)

As At 29 September 2024

For the year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Dr Amir Naghsh

Director

25 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Firs Development LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12823763 . The registered office is G-05 Davenport House, 16 Pepper Street, London, E14 9RP.

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.

2.3. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by parent company	89,380	92,501

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	89,884	88,210
Accruals and deferred income	1,679	3,400

	91,563	91,610

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The Firs Development LTD

Notes to the Financial Statements (continued)

For The Year Ended 29 September 2024

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

7. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	-	312,000

8. Related Party Transactions

Included in debtors falling due within one year is an amount of £89,884 (2023: £88,210) owed by parent company. The loan is interest fee.

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