REGISTERED NUMBER: 04099891 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FYLDE JOINERY & BUILDING SERVICES

PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

S O'Toole

Mrs L O'Toole

SECRETARY:

Mrs L O'Toole

REGISTERED OFFICE:

5 Crescent East

Thornton Cleveleys

Lancashire

FY5 3LJ

REGISTERED NUMBER:

04099891 (England and Wales)

ACCOUNTANTS:

ma2 Limited

Chartered Accountants

5 Crescent East

Thornton Cleveleys

Lancashire

FY5 3LJ

FIXED ASSETS

Tangible assets

4

419,000

519,000

CURRENT ASSETS

Debtors

5

1,535,882

1,504,830

Cash at bank

110,132

11,413

1,646,014

1,516,243

CREDITORS

Amounts falling due within one year

6

815,773

695,401

NET CURRENT ASSETS

830,241

820,842

TOTAL ASSETS LESS CURRENT LIABILITIES

1,249,241

1,339,842

CREDITORS

Amounts falling due after more than one year

7

(500,000

)

(500,000

)

PROVISIONS FOR LIABILITIES

(28,110

)

(30,456

)

NET ASSETS

721,131

809,386

CAPITAL AND RESERVES

Called up share capital

101

101

Revaluation reserve

9

164,470

264,470

Retained earnings

556,560

544,815

SHAREHOLDERS' FUNDS

721,131

809,386

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

S O'Toole - Director

Mrs L O'Toole - Director

1.	STATUTORY INFORMATION

Fylde Joinery & Building Services Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 February 2024

519,000

Disposals

(100,000

)

At 31 January 2025

419,000

NET BOOK VALUE

At 31 January 2025

419,000

At 31 January 2024

519,000

Cost or valuation at 31 January 2025 is represented by:

Freehold

property

£

Valuation in 2024

419,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

397,175

397,175

Aggregate depreciation

142,645

142,645

Value of land in freehold land and buildings

254,530

254,530

Freehold land and buildings were valued on an open market basis on 21 March 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

500

1,500

Fylde Investment Properties Lt

167,582

172,583

James Carter Homes loan

1,311,868

1,273,628

Directors' current accounts

51,026

52,690

VAT

1,114

-

Prepayments

3,792

4,429

1,535,882

1,504,830

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,227

1,227

Fylde Joinery loan account

744,262

624,253

Fylde Joinery Holdings

63,090

63,090

Tax

6,072

5,756

Accrued expenses

1,122

1,075

815,773

695,401

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

500,000

500,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

500,000

500,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

500,000

500,000

9.

RESERVES

Revaluation

reserve

£

At 1 February 2024

264,470

Revaluation reserve

(100,000

)

At 31 January 2025

164,470

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr and Mrs O'Toole throughout the current and previous year. Mr O'Toole is the managing director.

The Ultimate Parent Company is Fylde Joinery & Building Services Holdings Ltd. Mrs S O'Toole and Mrs L O'Toole each hold a 50% shareholding in Fylde Joinery & Building Service Holdings Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fylde Joinery & Building Services Property Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fylde Joinery & Building Services Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fylde Joinery & Building Services Property Limited and state those matters that we have agreed to state to the Board of Directors of Fylde Joinery & Building Services Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fylde Joinery & Building Services Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fylde Joinery & Building Services Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fylde Joinery & Building Services Property Limited. You consider that Fylde Joinery & Building Services Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fylde Joinery & Building Services Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

ma2 Limited

Chartered Accountants

5 Crescent East

Thornton Cleveleys

Lancashire

FY5 3LJ

Date: .............................................