IRIS Accounts Production v25.2.0.378 01514543 Board of Directors 1.4.24 31.3.25 31.3.25 The company's principal business activity is the ownership and general administration of the industrial estate at Fallings Park, Wolverhampton. false true false false true false Ordinary £1 Shares 29.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01514543 2024-03-31 01514543 2025-03-31 01514543 2024-04-01 2025-03-31 01514543 2023-03-31 01514543 2023-04-01 2024-03-31 01514543 2024-03-31 01514543 ns15:EnglandWales 2024-04-01 2025-03-31 01514543 ns14:PoundSterling 2024-04-01 2025-03-31 01514543 ns10:Director1 2024-04-01 2025-03-31 01514543 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01514543 ns10:SmallEntities 2024-04-01 2025-03-31 01514543 ns10:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01514543 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01514543 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01514543 ns10:FullAccounts 2024-04-01 2025-03-31 01514543 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 01514543 ns10:Director2 2024-04-01 2025-03-31 01514543 ns10:CompanySecretary1 2024-04-01 2025-03-31 01514543 ns10:RegisteredOffice 2024-04-01 2025-03-31 01514543 ns5:CurrentFinancialInstruments 2025-03-31 01514543 ns5:CurrentFinancialInstruments 2024-03-31 01514543 ns5:ShareCapital 2025-03-31 01514543 ns5:ShareCapital 2024-03-31 01514543 ns5:RevaluationReserve 2025-03-31 01514543 ns5:RevaluationReserve 2024-03-31 01514543 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01514543 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01514543 ns5:LandBuildings 2024-03-31 01514543 ns5:LandBuildings 2025-03-31 01514543 ns5:LandBuildings 2024-03-31 01514543 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01514543 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 01514543 ns10:OrdinaryShareClass1 2025-03-31 01514543 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01514543 ns5:RevaluationReserve 2024-03-31 01514543 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31

REGISTERED NUMBER: 01514543 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Fallings Park Industrial Estate Limited

| Fallings Park Industrial Estate Limited (Registered number: 01514543) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Chairman’s Statement | 2 |

| Report of the Directors | 3 |

| Income Statement | 4 |

| Balance Sheet | 5 |

| Notes to the Financial Statements | 6 |

| Fallings Park Industrial Estate Limited |

Company Information

for the Year Ended 31 March 2025

| Directors: | M L Taylor

| P J Hodgson

| Secretary: | M Adamson

| Registered office: | Suite 2,

| 77a St. John's Wood High Street,

| London

| NW8 7NL

| Registered number: | 01514543 (England and Wales)

| Accountants: | Benjamin Taylor Diner Limited

| 120 New Cavendish Street,

| London

| W1W 6XX

| Fallings Park Industrial Estate Limited (Registered number: 01514543) |

Chairman’s Statement

for the Year Ended 31 March 2025

General

The General Election result did clarify the political situation but inexperience and hasty tax changes have not improved the environment for business at all. Anticipating demand and business planning around it remain extremely challenging. However small industrial properties have still remained in reasonable demand

Financial Results

Our cash deposits benefitted from enhanced rates during the year but this is not expected to continue. Many costs have been held stable but it was felt appropriate to increase Directors' fees reflecting increased activities and a backdrop of no change in many years. A modest company profit of £1,228 was recorded.

Board Composition

Board membership has remained stable over the year. There is a need for additional appointments to ensure continuity.

The Estate

Criminal activities affecting some estate units were revealed during the year, raising insurance issues and confirming the importance of security factors. CCTV has been increased but this cannot be a substitute for owners' vigilance. Service charge expenditure is having to increase given rising security and other costs. The balance between units believed to be "owner-occupied" and those "investor-underlet" seems to remain much the same (15/14).

Professional Services

Sadly, Jaggard Macland LLP have, after over 30 years' service, been obliged to resile their managing agent appointment citing travel costs. The Directors have appointed an experienced local West Midlands firm, Johnson Fellows LLP in their place. Benjamin Taylor Diner Ltd continue to provide accounting and company secretarial services as they have done since the company's inception.

Martin Taylor

Chairman

16th July 2025

| Fallings Park Industrial Estate Limited (Registered number: 01514543) |

Report of the Directors

for the Year Ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

Directors

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M L Taylor

P J Hodgson

Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

M L Taylor - Director

16 July 2025

| Fallings Park Industrial Estate Limited (Registered number: 01514543) |

Income Statement

for the Year Ended 31 March 2025

| 31.3.25 |  | 31.3.24

£ | £ |

Turnover | 8,302 |  | 8,331 |  |

Administrative expenses | (7,529 | ) | (6,478 | ) |

Operating profit | 773 |  | 1,853 |  |

Interest receivable and similar income | 561 |  | 278 |  |

Profit before taxation | 1,334 |  | 2,131 |  |

Tax on profit | (106 | ) | (53 | ) |

Profit for the financial year | 1,228 |  | 2,078 |  |

| Fallings Park Industrial Estate Limited (Registered number: 01514543) |

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

Fixed assets

Tangible assets | 5 | 500 |  | 500 |  |

Current assets

Debtors | 6 | 2,204 |  | 6,310 |  |

Cash at bank | 26,139 |  | 19,915 |  |

28,343 |  | 26,225 |  |

Creditors

Amounts falling due within one year | 7 | (2,771 | ) | (1,881 | ) |

Net current assets | 25,572 |  | 24,344 |  |

Total assets less current liabilities | 26,072 |  | 24,844 |  |

Capital and reserves

Called up share capital | 8 | 29 |  | 29 |  |

Non-distributable fair value | 9 | 500 |  | 500 |  |

Retained earnings | 9 | 25,543 |  | 24,315 |  |

Shareholders' funds | 26,072 |  | 24,844 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 16 July 2025 and were signed on its behalf by:

M L Taylor - Director

| Fallings Park Industrial Estate Limited (Registered number: 01514543) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | Statutory information

| The Company is a private company limited by shares, incorporated in England and Wales. Its registered office address is Suite 2 77a St. John's Wood High Street, London, England, NW8 7NL.

| The company's principal business activity is the ownership and general administration of the industrial estate at Fallings Park, Wolverhampton.

2. | Statement of compliance

| 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 are prepared in sterling, which is the functional currency of the entity.

3. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is defined as management charges and expenses recoverable.

| Tangible fixed assets

| The company's interest in its freehold property is recorded at a nominal valuation.

| Going concern

| After making enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

4. | Employees and directors

| The average number of employees during the year was 3 (2024 - 3 ) .

5. | Tangible fixed assets

| Land and

| buildings

£ |

| Cost

| At 1 April 2024

| and 31 March 2025 | 500 |  |

| Net book value

| At 31 March 2025 | 500 |  |

| At 31 March 2024 | 500 |  |

| The value of the company's interest in its freehold property is shown at a purely nominal value as the principal income producing interest in that property, comprising the industrial buildings on the site, is subject to long leases at nominal ground rent.

| The remainder of the property is not generally open to beneficial use, as it is subject to rights of way in favour of the tenants of the industrial buildings.

| Fallings Park Industrial Estate Limited (Registered number: 01514543) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | Debtors: amounts falling due within one year |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 1,550 |  | 5,832 |  |

| VAT | 544 |  | 370 |  |

| Prepayments and accrued income | 110 |  | 108 |  |

2,204 |  | 6,310 |  |

7. | Creditors: amounts falling due within one year |

| 31.3.25 |  | 31.3.24

£ | £ |

| Tax | 107 |  | 54 |  |

| Other creditors | 270 |  | 1,067 |  |

| Accruals and deferred income | 2,394 |  | 760 |  |

2,771 |  | 1,881 |  |

8. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 29 | Ordinary £1 Shares | 29 | 29 |  | 29 |  |

| Share Capital

| Called-up share capital represents the nominal value of shares that have been issued.

9. | Reserves

| Non-distributable |

| Retained |  | fair |

| earnings |  | value |  | Totals

£ | £ | £ |

| At 1 April 2024 | 24,315 |  | 500 |  | 24,815 |  |

| Profit for the year | 1,228 |  | 1,228 |  |

| At 31 March 2025 | 25,543 |  | 500 |  | 26,043 |  |

| Retained earnings reserve records retained earnings and accumulated losses.

| The Non-distributable fair value reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.

10. | Related party disclosures

| During the year Martin Taylor Associates Limited, a company in which M.L. Taylor is a director and shareholder, invoiced Fallings Park Industrial Estate Limited £2,500 (2024: £2,000) for services provided. As at 31st March 2025: £1,500 (2024: £Nil) was owed to Martin Taylor Associates Limited.

| Fallings Park Industrial Estate Limited (Registered number: 01514543) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | Ultimate controlling party

| The company is controlled by a voting majority of its members: there is no controlling related party. Management expenses are recovered from the members, including directors where applicable.