ACCOUNTS - Final Accounts preparation

Registered number: 15790064

FRELMI PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


FRELMI PROPERTIES LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 6


FRELMI PROPERTIES LIMITED REGISTERED NUMBER:15790064

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
Note		£

Fixed assets
Investment property	4		2,267,117
			2,267,117
Current assets
Debtors: amounts falling due within one year	5	7,228
Cash at bank and in hand	6	9,771
		16,999
Creditors: amounts falling due within one year	7	(2,314,197)
Net current (liabilities)/assets			(2,297,198)
Total assets less current liabilities			(30,081)

Net (liabilities)/assets			(30,081)

Capital and reserves
Called up share capital			1
Profit and loss account			(30,082)
			(30,081)


FRELMI PROPERTIES LIMITED REGISTERED NUMBER:15790064

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A Beim

Director

Date: 27 September 2025

The notes on pages 3 to 6 form part of these financial statements.


FRELMI PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

The principal activity of the company is that of property investment.15790064
The company is a private company, limited by shares and registered in England and Wales. The registered address of the company is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.
The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. 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:

Rental income

Rental income from a contract is recognised in the period in which the tenancy is provided in
accordance with the stage of completion of the contract when both of the following conditions are
satisfied:

∙the amount of revenue can be measured reliably; and

∙it is probable that the company will receive the consideration due under the contract.

2.4

Taxation

Tax is recognised in profit or loss except that a charge 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


FRELMI PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers or a director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition
of financial assets and liabilities such as trade and other debtors and creditors and loans to
related party.

Employees

The average monthly number of employees, including directors, during the period was 1.


FRELMI PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	2,267,117
	At 31 December 2024	2,267,117

The 2024 valuations were made by the director, on an open market value for existing use basis.


	At 31 December 2024

	If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
					2024
					£

	Historic cost	2,267,117
		2,267,117


FRELMI PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Debtors

					2024
					£


	Other debtors	999
	Prepayments and accrued income	6,229
		7,228

6.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	9,771
		9,771

7.	Creditors: Amounts falling due within one year
		2024
		£

	Trade creditors	1,180
	Amounts owed to group undertakings	2,295,163
	Other creditors	1,854
	Accruals and deferred income	16,000
		2,314,197

8.	Share capital
		2024
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00	1

On incorporation, the company issued 1 ordinary share at a par value at £1.00.

9.	Related party transactions
	No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.