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Ford Property Development Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025
Registration number: 09515946

Ford Property Development Limited

Contents

Statement of financial position | 1
Notes to the Unaudited Financial Statements | 2 to 4

Ford Property Development Limited

(Registration number: 09515946)
Statement of financial position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 887 | 1,330
Current assets |  |  |
Debtors | 5 | 171,866 | 161,299
Cash at bank and in hand |  | 6,534 | -
|  | 178,400 | 161,299
Creditors: Amounts falling due within one year | 6 | (80,048) | (83,110)
Net current assets |  | 98,352 | 78,189
Net assets |  | 99,239 | 79,519
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 99,139 | 79,419
Shareholders' funds |  | 99,239 | 79,519

For the financial year ending 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 24 October 2025 and signed on its behalf by:

......................................... Mr J J Ford Director

Ford Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 24 October 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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 income 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Ford Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class | Depreciation method and rate
Fixutres and fittings | 25% Straight line
Computer equipment | 25% Straight line

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 2,797 | 2,797
At 31 March 2025 | 2,797 | 2,797
Depreciation
At 1 April 2024 | 1,467 | 1,467
Charge for the year | 443 | 443
At 31 March 2025 | 1,910 | 1,910
Carrying amount
At 31 March 2025 | 887 | 887
At 31 March 2024 | 1,330 | 1,330

Ford Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 48,813 | 29,312
Amounts owed by related parties |  | 123,053 | 131,987
|  | 171,866 | 161,299

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | - | 9
Trade creditors |  | - | 2,476
Amounts owed to related parties |  | 66,958 | 62,524
Taxation and social security |  | 4,975 | 7,858
Accruals and deferred income |  | 3,465 | 5,593
Other creditors |  | 4,650 | 4,650
|  | 80,048 | 83,110

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 9