Company registration number 11229487 (England and Wales)
FITZALAN HOUSE (CARDIFF) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FITZALAN HOUSE (CARDIFF) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FITZALAN HOUSE (CARDIFF) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
FIXED ASSETS
Investment property
3
2,608,716
2,608,716
CURRENT ASSETS
Debtors
4
81,834
70,486
Cash at bank and in hand
267,988
222,161
349,822
292,647
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5
(460,404)
(272,428)
NET CURRENT (LIABILITIES)/ASSETS
(110,582)
20,219
TOTAL ASSETS LESS CURRENT LIABILITIES
2,498,134
2,628,935
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
6
(1,514,700)
(1,649,014)
NET ASSETS
983,434
979,921
CAPITAL AND RESERVES
Called up share capital
5
5
Capital redemption reserve
1
1
Profit and loss reserves
983,428
979,915
TOTAL EQUITY
983,434
979,921
FITZALAN HOUSE (CARDIFF) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on
6 October 2025
06 October 2025
and are signed on its behalf by:
Mr L El-Khatib
Director
Company registration number 11229487 (England and Wales)
FITZALAN HOUSE (CARDIFF) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
ACCOUNTING POLICIES
Company information

Fitzalan House (Cardiff) Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Howells Legal Limited, Fitzalan House , Fitzalan Court, Fitzalan Road, CARDIFF, CF24 0EL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Rental income is recognised on an accruals basis over the period to which it relates.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

FITZALAN HOUSE (CARDIFF) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
FITZALAN HOUSE (CARDIFF) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
INVESTMENT PROPERTY
2025
£
Fair value
At 1 April 2024 and 31 March 2025
2,608,716

The directors consider that the carrying value of the investments property is not materially different to its fair value.

Tangible fixed assets with a carrying value of £2,608,716 are pledged as security for the company's bank loans.

4
DEBTORS
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
48,700
35,884
Other debtors
33,134
34,602
81,834
70,486
5
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Bank loans
124,348
128,420
Corporation tax
808
58,302
Other taxation and social security
27,947
27,513
Other creditors
307,301
58,193
460,404
272,428

The bank loan is secured by the company.

6
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
£
£
Bank loans and overdrafts
1,514,700
1,649,014
FITZALAN HOUSE (CARDIFF) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
(Continued)
- 6 -

The bank loan is secured on the freehold property of the company which has a carrying value of 2,608,716 (2024 - £2,608,716).

Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
1,205,606
1,330,543
7
LOANS AND OVERDRAFTS
2025
2024
£
£
Bank loans
1,639,048
1,777,434
Payable within one year
124,348
128,420
Payable after one year
1,514,700
1,649,014

There is one loans that is repayable after more than five years from the balance sheet date:

- The loan is repayable in monthly instalments over the period to April 2038 at an interest rate of 1.50% above the bank's base rate.

8
RELATED PARTY TRANSACTIONS
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales in the year:
Purchases in the year:
2025
2024
2025
2024
£
£
£
£
Entities under common control
170,742
299,819
23,412
23,412
2025-03-31 2024-04-01 false false false 07 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr L El-Khatib Mr M P Fallon Mr R J G Hobbs Mr T M D Hobbs Mr M Smith 11229487 2024-04-01 2025-03-31 11229487 2025-03-31 11229487 2024-03-31 11229487 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11229487 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11229487 core:ShareCapital 2025-03-31 11229487 core:ShareCapital 2024-03-31 11229487 core:CapitalRedemptionReserve 2025-03-31 11229487 core:CapitalRedemptionReserve 2024-03-31 11229487 core:RetainedEarningsAccumulatedLosses 2025-03-31 11229487 core:RetainedEarningsAccumulatedLosses 2024-03-31 11229487 bus:Director1 2024-04-01 2025-03-31 11229487 2023-04-01 2024-03-31 11229487 2024-03-31 11229487 core:CurrentFinancialInstruments 2025-03-31 11229487 core:CurrentFinancialInstruments 2024-03-31 11229487 core:WithinOneYear 2025-03-31 11229487 core:WithinOneYear 2024-03-31 11229487 core:Non-currentFinancialInstruments 2025-03-31 11229487 core:Non-currentFinancialInstruments 2024-03-31 11229487 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11229487 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11229487 bus:FRS102 2024-04-01 2025-03-31 11229487 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11229487 bus:Director2 2024-04-01 2025-03-31 11229487 bus:Director3 2024-04-01 2025-03-31 11229487 bus:Director4 2024-04-01 2025-03-31 11229487 bus:Director5 2024-04-01 2025-03-31 11229487 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP