Franks Holdings Limited 04929027 false 2024-02-06 2025-02-05 2025-02-05 The principal activity of the company is that of managing properties. Digita Accounts Production Advanced 6.30.9574.0 true 04929027 2024-02-06 2025-02-05 04929027 2025-02-05 04929027 bus:OrdinaryShareClass1 2025-02-05 04929027 bus:OrdinaryShareClass2 2025-02-05 04929027 core:CurrentFinancialInstruments 2025-02-05 04929027 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-05 04929027 bus:SmallEntities 2024-02-06 2025-02-05 04929027 bus:AuditExemptWithAccountantsReport 2024-02-06 2025-02-05 04929027 bus:FilletedAccounts 2024-02-06 2025-02-05 04929027 bus:SmallCompaniesRegimeForAccounts 2024-02-06 2025-02-05 04929027 bus:RegisteredOffice 2024-02-06 2025-02-05 04929027 bus:Director1 2024-02-06 2025-02-05 04929027 bus:OrdinaryShareClass1 2024-02-06 2025-02-05 04929027 bus:OrdinaryShareClass2 2024-02-06 2025-02-05 04929027 bus:PrivateLimitedCompanyLtd 2024-02-06 2025-02-05 04929027 countries:EnglandWales 2024-02-06 2025-02-05 04929027 2024-02-05 04929027 2023-02-06 2024-02-05 04929027 2024-02-05 04929027 bus:OrdinaryShareClass1 2024-02-05 04929027 bus:OrdinaryShareClass2 2024-02-05 04929027 core:CurrentFinancialInstruments 2024-02-05 04929027 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-05 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04929027

Franks Holdings Limited
Unaudited Filleted Financial Statements
for the Year Ended 5 February 2025

Franks Holdings Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Franks Holdings Limited

(Registration number: 04929027)
Balance Sheet as at 5 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,248,500 | 1,248,500
Current assets |  |  |
Debtors | 5 | 4,396 | 6,933
Cash at bank and in hand |  | 85,881 | 94,261
|  | 90,277 | 101,194
Creditors: Amounts falling due within one year | 6 | (29,122) | (29,108)
Net current assets |  | 61,155 | 72,086
Total assets less current liabilities |  | 1,309,655 | 1,320,586
Provisions for liabilities |  | (100,553) | (100,553)
Net assets |  | 1,209,102 | 1,220,033
Capital and reserves |  |  |
Called up share capital | 7 | 20,000 | 20,000
Other reserves |  | 599,433 | 599,433
Profit and loss account |  | 589,669 | 600,600
Shareholders' funds |  | 1,209,102 | 1,220,033

For the financial year ending 5 February 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 November 2025 and signed on its behalf by:

......................................... S D Freedman Director

Franks Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Sterlings Ltd Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the Board on 3 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Franks Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 February 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Franks Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 February 2025

4 | Investment properties

| 2025 £
At 6 February | 1,248,500
At 5 February | 1,248,500

In the opinion of the directors, the carrying value of the investment properties are fairly stated.
The historical cost of the investment properties as at 5 February 2025 amounted to £548,513.

5 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 8 | 4,396 | 4,396
Other debtors |  | - | 2,537
|  | 4,396 | 6,933

Franks Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 February 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 14,513 | 14,499
Accruals and deferred income | 1,980 | 1,980
Other creditors | 12,629 | 12,629
| 29,122 | 29,108

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
A Ordinary shares of £1 each | 5,200 | 5,200 | 5,200 | 5,200
B Ordinary shares of £1 each | 14,800 | 14,800 | 14,800 | 14,800
| 20,000 | 20,000 | 20,000 | 20,000

8 | Related party transactions

Included within other debtors is an amount of £4,396 (2024: £4,396) owed by the director's. This amount is interest-free and there are no formal terms regarding repayment of the balance.