2024-04-01 SC293076 2025-03-31 SC293076 2024-04-01 2025-03-31 SC293076 2024-03-31 SC293076 2023-04-01 2024-03-31 SC293076 uk-core:WithinOneYear 2024-03-31 SC293076 uk-core:WithinOneYear 2025-03-31 SC293076 uk-core:AfterOneYear 2024-03-31 SC293076 uk-core:AfterOneYear 2025-03-31 SC293076 uk-core:ShareCapital 2025-03-31 SC293076 uk-core:ShareCapital 2024-03-31 SC293076 uk-core:InvestmentPropertiesRevaluationReserve 2025-03-31 SC293076 uk-core:InvestmentPropertiesRevaluationReserve 2024-03-31 SC293076 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC293076 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC293076 uk-bus:Director1 2024-04-01 2025-03-31 SC293076 uk-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 SC293076 uk-core:ToolsEquipment 2024-04-01 2025-03-31 SC293076 uk-core:CommercialMotorVehicles 2024-04-01 2025-03-31 SC293076 uk-core:FurnitureFittings 2024-04-01 2025-03-31 SC293076 uk-core:ToolsEquipment 2024-03-31 SC293076 uk-core:FurnitureFittings 2024-03-31 SC293076 uk-core:CommercialMotorVehicles 2024-03-31 SC293076 uk-core:CommercialMotorVehicles 2025-03-31 SC293076 uk-core:FurnitureFittings 2025-03-31 SC293076 uk-core:ToolsEquipment 2025-03-31 SC293076 uk-core:AfterOneYear 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure SC293076 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC293076 uk-bus:FRS102 2024-04-01 2025-03-31 SC293076 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 SC293076 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31

The Friel Estate Company Limited

Registered Number:SC 293076

For the year ended 31 March 2025
Scotland
Unaudited Financial Statements

2
For the year ended 31 March 2025
The Friel Estate Company Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3

Registered Number :

SC293076

As at 31 March 2025

The Friel Estate Company Limited
Statement of Financial Position

£

£

31/3/2024
31/3/2025

Notes

Fixed assets

Property, plant and equipment

320
6,009
2
3
963,500
893,000

Investment property

963,820
899,009

Current assets

4,548

Cash and cash equivalents

6,720
6,720
4,548

Trade and other payables: amounts falling due within one year

(6,340)
(3,457)
4
(1,792)
3,263
Net current assets

Total assets less current liabilities

967,083
897,217

Trade and other payables: amounts falling due after more than
one year

(483,693)
(479,618)
5
(63,420)
(50,025)

Provisions for liabilities

424,045
Net assets
363,499

Capital and reserves

Called up share capital

2
2

Fair value reserve

269,771
213,266

Retained earnings

154,272
150,231
424,045
363,499
Shareholders' funds

For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year 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 proper 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 Section 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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Brian Anthony Friel Director

These financial statements were approved and authorised for issue by the Board on 01 November 2025 and were signed by:

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4

Registered Number :

SC293076

For the year ended 31 March 2025
The Friel Estate Company Limited
Statement of Financial Position Continued

The notes form part of these financial statements

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5
For the year ended 31 March 2025
The Friel Estate Company Limited
Notes to the Financial Statements
Statutory Information

The Friel Estate Company Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC 293076.

Registered address:

Fernlea
74 St Ninians Road
Linlithgow
West Lothian
EH49 7BW

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets to fair value where required.

The financial statements are prepared in Pounds Sterling, being the functional currency of the company.

Revenue recognition
Turnover represents Letting Agency commissions and rents receivable.
Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Investment properties

0%

33% Reducing balance

Computer equipment

20% Reducing balance

Motor vehicles

25% Reducing balance

Fixtures and fittings
Investment property

Investment property is shown at most recent valuation.The property was revalued by the directors on 31st March 2025. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial Instruments

The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial
Instruments Issues" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to
the contractual provisions of a financial instrument.

Basic financial instruments, including trade and other receivables, cash and bank balances, trade and other payables, bank
and other loans are initially measured at transaction price and subsequently carried at amortised cost. Financial assets and
liabilities classified as receivable/payable within one year are not amortised.

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6
For the year ended 31 March 2025
The Friel Estate Company Limited
Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer
equipment

Fixtures and
fittings

Motor vehicles

£

£

£

£

Cost or valuation

At 01 April 2024

25,209
4,147
3,062
18,000
-
-
(18,000)

Disposals

(18,000)

At 31 March 2025

-
3,062
4,147
7,209

Provision for depreciation and impairment

At 01 April 2024

19,200
3,668
3,062
12,470
Charge for year
159
159
-
-
(12,470)
-
-
(12,470)

On disposal

At 31 March 2025

6,889
3,827
3,062
-

At 31 March 2025

Net book value

-
-
320
320

At 31 March 2024

5,530
-
479
6,009

3. Investment property

Total

£

Fair value

At 01 April 2024

893,000

Fair value adjustments

70,500

At 31 March 2025

963,500

Net book value

At 31 March 2025

963,500

At 31 March 2024

893,000

If Investment property was not revalued, it would be included at a cost of £629709. Investment property was revalued by the directors at 31st March 2025. Taxation on a potential gain if investment property was sold at valuation (for which provision has been made) is approximately £63420.

4. Trade and other payables: amounts falling due within one year

31/3/2024
31/3/2025

£

£

Taxation and social security

2,376
3,464

Other creditors

1,081
2,876
3,457
6,340
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For the year ended 31 March 2025
The Friel Estate Company Limited
Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due after more than one year

31/3/2024
31/3/2025

£

£

Bank loans and overdraft (secured)

162,345
181,812

Other creditors

317,273
301,881
479,618
483,693

The directors are owed £317273 from the Company at 31st March 2024 (2024: £301881). This is a non-interest bearing loan and there are no fixed repayment terms.

6. Directors advances and guarantees

Control:

Mr Brian Friel and Mrs Susan Friel are the Company's controlling parties.

During the year both were paid dividends of £500 each.

7. Average number of persons employed

During the year the average number of employees was 1 (2024 : 1)
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