IRIS Accounts Production v25.3.0.601 15470828 director 7.2.24 31.3.25 31.3.25 true false true false false true false Fair value model Ordinary 0.01000 0.01000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 15470828 2024-02-06 15470828 2025-03-31 15470828 2024-02-07 2025-03-31 15470828 2024-02-06 15470828 ns15:EnglandWales 2024-02-07 2025-03-31 15470828 ns14:PoundSterling 2024-02-07 2025-03-31 15470828 ns10:Director1 2024-02-07 2025-03-31 15470828 ns10:PrivateLimitedCompanyLtd 2024-02-07 2025-03-31 15470828 ns10:SmallEntities 2024-02-07 2025-03-31 15470828 ns10:AuditExempt-NoAccountantsReport 2024-02-07 2025-03-31 15470828 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-07 2025-03-31 15470828 ns10:SmallCompaniesRegimeForAccounts 2024-02-07 2025-03-31 15470828 ns10:FullAccounts 2024-02-07 2025-03-31 15470828 ns10:OrdinaryShareClass1 2024-02-07 2025-03-31 15470828 1 ns10:OrdinaryShareClass1 2024-02-07 2025-03-31 15470828 ns10:RegisteredOffice 2024-02-07 2025-03-31 15470828 ns5:CurrentFinancialInstruments 2025-03-31 15470828 ns5:Non-currentFinancialInstruments 2025-03-31 15470828 ns5:ShareCapital 2025-03-31 15470828 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 15470828 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 15470828 ns5:AdditionsToInvestments 2025-03-31 15470828 ns5:CostValuation 2025-03-31 15470828 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 15470828 ns5:Secured 2025-03-31 15470828 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 15470828 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

7 FEBRUARY 2024 TO 31 MARCH 2025

FOR

FIC PROP LIMITED

FIC PROP LIMITED (REGISTERED NUMBER: 15470828)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 7 FEBRUARY 2024 TO 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

FIC PROP LIMITED

COMPANY INFORMATION

FOR THE PERIOD 7 FEBRUARY 2024 TO 31 MARCH 2025

| DIRECTOR: | Mr S D Main

| REGISTERED OFFICE: | 24 Stuart Road

| Gravesend

| Kent

| DA11 0BZ

| REGISTERED NUMBER: | 15470828 (England and Wales)

| ACCOUNTANTS: | MGR SD Limited

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

FIC PROP LIMITED (REGISTERED NUMBER: 15470828)

BALANCE SHEET

31 MARCH 2025

| Notes | £ |

| FIXED ASSETS

| Investments | 4 | 40,000 |  |

| Investment property | 5 | 345,000 |  |

385,000 |  |

| CURRENT ASSETS

| Stocks | 375,031 |  |

| Debtors | 6 | 21,593 |  |

| Cash at bank | 637 |  |

397,261 |  |

| CREDITORS

| Amounts falling due within one year | 7 | (500,785 | ) |

| NET CURRENT LIABILITIES | (103,524 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 281,476 |  |

| CREDITORS

| Amounts falling due after more than one year | 8 | (250,000 | ) |

| PROVISIONS FOR LIABILITIES | (10,399 | ) |

| NET ASSETS | 21,077 |  |

| CAPITAL AND RESERVES

| Called up share capital | 11 | 100 |  |

| Undistributable reserve | 12 | 31,196 |  |

| Retained earnings | (10,219 | ) |

| SHAREHOLDERS' FUNDS | 21,077 |  |

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

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

The director acknowledges his 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.

FIC PROP LIMITED (REGISTERED NUMBER: 15470828)

BALANCE SHEET - continued

31 MARCH 2025

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 director and authorised for issue on 6 November 2025 and were signed by:

Mr S D Main - Director

FIC PROP LIMITED (REGISTERED NUMBER: 15470828)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 7 FEBRUARY 2024 TO 31 MARCH 2025

1. | STATUTORY INFORMATION

| Fic Prop 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.

| The director reports net current liabilities of £103,524 at the balance sheet date. He will continue to support the company and believes that it is appropriate for the financial statements to be prepared on a going concern basis.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Properties are acquired for development and are measured at the lower of cost and net realisable value.

| Taxation

| Taxation for the period 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 period 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 1 .

FIC PROP LIMITED (REGISTERED NUMBER: 15470828)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 7 FEBRUARY 2024 TO 31 MARCH 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 40,000 |  |

| At 31 March 2025 | 40,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 40,000 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Cockburn Estates Lettings Limited

| Registered office: United Kingdom

| Nature of business: Letting agents

| %

| Class of shares: | holding |

| Ordinary | 33.33 |

| 31.3.25 |  | 31.3.24

£ | £ |

| Aggregate capital and reserves | (3,236 | ) | (39,633 | ) |

| Profit for the year | 36,197 |  | 22,581 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 303,406 |  |

| Fair value adjustment | 41,594 |  |

| At 31 March 2025 | 345,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 345,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 41,594 |  |

| Cost | 303,406 |  |

345,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Other debtors | 21,593 |  |

FIC PROP LIMITED (REGISTERED NUMBER: 15470828)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 7 FEBRUARY 2024 TO 31 MARCH 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Bank loans and overdrafts (see note 9) | 236,250 |  |

| Trade creditors | 547 |  |

| Other creditors | 263,988 |  |

500,785 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

£ |

| Other creditors | 250,000 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

£ |

| Amounts falling due within one year or on demand:

| Bank loans | 236,250 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

£ |

| Bank loans | 236,250 |  |

| The bank loans are secured by a debenture comprised of a fixed and floating charge over all company assets.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 10,000 | Ordinary | £0.01 | 100 |  |

| 10,000 Ordinary shares of £0.01 were issued during the period for cash of £ 100 .

12. | RESERVES

| Undistributable

| reserve

£ |

| Undistributable reserves | 31,196 |  |

| At 31 March 2025 | 31,196 |  |

FIC PROP LIMITED (REGISTERED NUMBER: 15470828)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 7 FEBRUARY 2024 TO 31 MARCH 2025

13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The director has provided a personal guarantee to support the bank facilities.