Registered number
15491279
FHR PROPERTIES LIMITED
Unaudited Filleted Accounts
28 February 2025

FHR PROPERTIES LIMITED
Registered number: | 15491279
Balance Sheet
as at 28 February 2025
Notes |  |  | 2025 |
£ |
Fixed assets
Investment properties | 3 |  |  | 267,751
Current assets
Debtors | 4 |  | 21
Cash at bank and in hand |  |  | 784
|  |  | 805 |  |
Creditors: amounts falling due within one year | 5 |  | (6,562)
Net current liabilities |  |  |  | (5,757) |
Total assets less current liabilities |  |  |  | 261,994 |
Creditors: amounts falling due after more than one year | 6 |  |  | (269,067)
Net liabilities |  |  |  | (7,073) |
Capital and reserves
Called up share capital |  |  |  | 1
Profit and loss account |  |  |  | (7,074)
Shareholders' funds |  |  |  | (7,073) |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Thomas Andrews
Director
Approved by the board on 24 September 2025

FHR PROPERTIES LIMITED
Notes to the Accounts
for the period from 15 February 2024 to 28 February 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover represents rental income receivable from investment properties during the year, exclusive of value added tax (if relevant). All rental income is derived from properties situated in the United Kingdom.
| Investment properties
| Investment properties are properties held to earn rental income and/or for capital appreciation. The company accounts for investment property under FRS 102 Section 16 using the cost model. Investment properties are initially measured at cost, including purchase price and directly attributable costs such as legal fees, stamp duty, and professional valuations. Subsequent to initial recognition, investment properties are carried at cost less accumulated depreciation and impairment losses. Depreciation is provided on a straight-line basis over 60 years, which is management’s estimate of the useful economic life of the building. Land is not depreciated. The company reviews investment properties annually for indicators of impairment. Where such indicators exist, the recoverable amount is estimated and any impairment loss is recognised in the profit and loss account. Rental income from investment properties is recognised on an accruals basis in accordance with the terms of the lease. Where the property is leasehold, the useful life does not exceed the remaining lease term. Depreciation on investment properties is disallowed for Corporation Tax purposes and added back in the tax computation.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 | Employees | 2025 |
Number |
| Average number of persons employed by the company | 1
3 | Invesment properties | £
| Cost
| Additions | 269,243
| At 28 February 2025 | 269,243
| Depreciation
| Charge for the period | 1,492
| At 28 February 2025 | 1,492
| Net book value
| At 28 February 2025 | 267,751
4 | Debtors | 2025 |
£ |
| Other debtors | 21
5 | Creditors: amounts falling due within one year | 2025 |
£ |
| Trade creditors | 66
| Other creditors | 6,496
|  |  |  |  |  | 6,562 |
6 | Creditors: amounts falling due after one year | 2025 |
£ |
| Bank loans | 172,267
| Directors' loan | 96,800
|  |  |  |  |  | 269,067 |
7 | Loans | 2025 |
£ |
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 172,267
| Secured bank loans | 172,267
| As at 28 February 2025, the company has an outstanding mortgage loan of £172,267 (2024: £0) secured against the investment property located at 7 Waterside Court, Ebberns Road, Hemel Hempstead, HP3 9FU. The loan is provided by Kensington Mortgages and is repayable on an interest-only basis over a term of 25 years, maturing in November 2049. Interest is charged at a fixed rate of 5.44% per annum for the first 60 months and then at a variable rate of 2.50% above the Kensington Standard Rate for the remaining 240 months. The loan is secured by a legal charge over the property. No capital repayments are due until the end of the loan term. The loan is classified as a non-current liability in the financial statements.
8 | Related party transactions - Directors' loan
| At the balance sheet date, the company owed £96,800 (2024: £0) to the directors. This amount is unsecured, interest-free, and has no fixed date for repayment. The loan is classified as a non-current liability as repayment is not expected within one year.
9 | Controlling party
| The company is jointly controlled by the two directors, Thomas Andrews and Abigail Andrews, who each own 50% of the issued share capital.
10 | Other information
| FHR PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| 4 Ballinger Court
| Upper Ashlyns Road
| Berkhamsted
| Hertfordshire
| HP4 3BX

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