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

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

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

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

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

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

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

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.

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

11.	Ultimate controlling party