Fallow Property Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08467490

Fallow Property Developments Limited

Filleted Unaudited Financial Statements

30 April 2025

Fallow Property Developments Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		7	9

Current assets

Stocks		311,141	309,875
Debtors	6	–	37
Cash at bank and in hand		511	1,003
		---------	---------
		311,652	310,915

Creditors: amounts falling due within one year	7	371,048		366,678
		---------		---------
Net current liabilities			59,396	55,763
			--------	--------
Total assets less current liabilities			( 59,389)	( 55,754)
			--------	--------
Net liabilities			( 59,389)	( 55,754)
			--------	--------

Capital and reserves

Called up share capital	99	99
Profit and loss account	( 59,488)	( 55,853)
	--------	--------
Shareholders deficit	( 59,389)	( 55,754)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Fallow Property Developments Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr P K Corkery

Director

Company registration number: 08467490

Fallow Property Developments Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Farm Lodge, High Street Pavenham, Bedford, MK43 7PE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is dependent on the continued support of the directors.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Deferred taxation

Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 May 2024 and 30 April 2025	176	176
	----	----
Depreciation
At 1 May 2024	167	167
Charge for the year	2	2
	----	----
At 30 April 2025	169	169
	----	----
Carrying amount
At 30 April 2025	7	7
	----	----
At 30 April 2024	9	9
	----	----

6. Debtors

	2025	2024
	£	£
Other debtors	–	37
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	371,048	366,678
	---------	---------