Furlong Road Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09086823 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FURLONG ROAD DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Parra

REGISTERED OFFICE:

Park Farm

Winter Hill Road

Maidenhead

Berkshire

SL6 6PJ

REGISTERED NUMBER:

09086823 (England and Wales)

ACCOUNTANTS:

Cooper Parry Advisory Limited

First Floor, Davidson House

Forbury Square

Reading

Berkshire

RG1 3EU

FIXED ASSETS

Tangible assets

4

405

1,561

Investment property

5

2,300,000

2,300,405

2,301,561

CURRENT ASSETS

Debtors

6

35,208

7,500

Cash at bank

83,794

26,586

119,002

34,086

CREDITORS

Amounts falling due within one year

7

2,067,103

1,954,689

NET CURRENT LIABILITIES

(1,948,101

)

(1,920,603

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

352,304

380,958

PROVISIONS FOR LIABILITIES

154,904

154,615

NET ASSETS

197,400

226,343

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

197,390

226,333

SHAREHOLDERS' FUNDS

197,400

226,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 29 September 2025 and were signed by:

P Parra - Director

1.	STATUTORY INFORMATION

Furlong Road Developments Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Going concern

The balance sheet shows a deficiency of assets at the period end. The director has indicated that he will continue to support the company to meet its liabilities as they fall due for a period of at least twelve months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

73,579

DEPRECIATION

At 1 January 2024

72,018

Charge for year

1,156

At 31 December 2024

73,174

NET BOOK VALUE

At 31 December 2024

405

At 31 December 2023

1,561

Cost or valuation at 31 December 2024 is represented by:

Plant and

machinery

etc

£

Cost

73,579

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,300,000

NET BOOK VALUE

At 31 December 2024

2,300,000

At 31 December 2023

2,300,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

620,019

Cost

1,679,981

2,300,000

Investment property was valued on an open market basis on 31 December 2024 by Mr P Parra .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

28,750

-

Other debtors

6,458

7,500

35,208

7,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

1,615

7,795

Other creditors

2,065,488

1,946,894

2,067,103

1,954,689

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

P Parra

Balance outstanding at start of year

-

10

Amounts repaid

-

(10

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

No interest has been charged on the above advance.

9.	RELATED PARTY DISCLOSURES

PLD Limited

During the period, PLD Limited charged interest on the loan of £103,830 (2023: £103,830).

The balance of the loan at the company year end was £2,058,738 (2023 - £1,945,679).

Biz Homes (Bucks) Limited

During the period, Furlong Road Developments Limited charged rent of £115,000 (2023: £115,000) to Biz Homes (Bucks) Limited.

Biz Homes (Bucks) Limited charged management fees to Furlong Road Developments Limited of £23,000 (2023: £23,000).

The overall balance due from Biz Homes (Bucks) Limited at the company year end was £539 (2023: £154). At the end of the financial year ended 2024, Furlong Road Developments Limited was owed (£28,750) by Biz Homes (Bucks) Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P Parra.