Company registration number 05236078 (England and Wales)
10 FITZROY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
10 FITZROY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
10 FITZROY LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 1 -
30 September 2025
31 December 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
4,486,976
Current assets
Debtors
5
16,248
298,002
Cash at bank and in hand
3,854,132
358,574
3,870,380
656,576
Creditors: amounts falling due within one year
6
(848,504)
(1,649,797)
Net current assets/(liabilities)
3,021,876
(993,221)
Total assets less current liabilities
3,021,876
3,493,755
Provisions for liabilities
Deferred tax liability
8
-
0
87,176
-
(87,176)
Net assets
3,021,876
3,406,579
Capital and reserves
Called up share capital
9
75,000
75,000
Other reserves
-
0
625
Profit and loss reserves
10
2,946,876
3,330,954
Total equity
3,021,876
3,406,579
10 FITZROY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
30 September 2025
- 2 -

For the financial period ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements in accordance with Section 444 (5A) of the Companies Act 2006.true

The financial statements were approved by the board of directors and authorised for issue on 6 November 2025 and are signed on its behalf by:
P H M Fitzpatrick
K Williams
Director
Director
Company registration number 05236078 (England and Wales)
10 FITZROY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

10 Fitzroy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Arthur Stanley House, 40-50 Tottenham Street, London, United Kingdom, W1T 4RN.

1.1
Reporting period

The entity presents financial statements for the period 1 January 202 5 to 30 September 2025, which is a shortened period of 9 months. The comparatives show the financial information for the period from 1 January 202 4 to 31 December 202 4.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The financial statements have been prepared on a basis other than going concern, as the directors have true resolved to place the company into liquidation. Accordingly, the assets have been stated at their estimated realisable values and liabilities have been stated at the amounts expected to be settled. No provision has been made for future trading, except to the extent that it is necessary to complete existing contractual obligations.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Straight line over 50 years
Land and buildings Leasehold
Straight line over lease term
Plant and machinery
Straight line over 10 years
Fixtures, fittings & equipment
Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

10 FITZROY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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 balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

10 FITZROY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

10 FITZROY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Directors
3
3
Administration
3
4
Total
6
7
4
Tangible fixed assets
Land and buildings Freehold
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
£
Cost or valuation
At 1 January 2025
4,921,291
816,265
137,236
362,022
6,236,814
Disposals
(5,047,668)
(816,265)
(137,236)
(362,022)
(6,363,191)
Revaluation
126,377
-
0
-
0
-
0
126,377
At 30 September 2025
-
0
-
0
-
0
-
0
-
0
Depreciation and impairment
At 1 January 2025
441,675
815,204
137,236
355,723
1,749,838
Depreciation charged in the period
23,889
-
0
-
0
-
0
23,889
Eliminated in respect of disposals
(465,564)
(815,204)
(137,236)
(355,723)
(1,773,727)
At 30 September 2025
-
0
-
0
-
0
-
0
-
0
10 FITZROY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
4
Tangible fixed assets
Land and buildings Freehold
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
£
(Continued)
- 7 -
Carrying amount
At 30 September 2025
-
0
-
0
-
0
-
0
-
0
At 31 December 2024
4,479,616
1,061
-
0
6,299
4,486,976
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
153,682
Other debtors
-
0
302
Prepayments and accrued income
16,248
144,018
16,248
298,002
6
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Other borrowings
7
-
0
339,501
Trade creditors
10,742
979,138
Corporation tax
-
0
1
Other taxation and social security
831,877
59,217
Other creditors
-
0
198,228
Accruals and deferred income
5,885
73,712
848,504
1,649,797
7
Loans and overdrafts
2025
2024
£
£
Loans from related parties
-
0
277,626
Other loans
-
0
61,875
-
0
339,501
Payable within one year
-
0
339,501
10 FITZROY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
- 8 -
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
-
63,165
Revaluations
-
24,011
-
87,176
2025
Movements in the period:
£
Liability at 1 January 2025
87,176
Transfer on disposal
(87,176)
Liability at 30 September 2025
-
9
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
75,000
75,000
75,000
75,000
10
Profit and loss reserves
2025
2024
£
£
At the beginning of the period
3,330,954
3,575,131
Adjusted balance
3,330,954
3,575,131
Loss for the period
(511,080)
(123,550)
Transfer from revaluation reserve
126,377
(126,377)
Other
625
5,750
At the end of the period
2,946,876
3,330,954

10 FITZROY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2025
- 9 -
11
Capital contribution
2025
2024
£
£
At the beginning of the period
625
6,375
Other movements
(625)
(5,750)
At the end of the period
-
625

The capital contribution reserve relates to a present value adjustment on an interest free loan from a shareholder.

12
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
-
0
187,707
13
Related party transactions

During the year, Fitzpatrick Projects Limited charged rent of £47,000 (2024: £188,000) to 10 Fitzroy Limited. During the year, 10 Fitzroy Limited recharged costs of £29,111 (2024: £44,164) to Fitzpatrick Projects Limited. At 30 September 2025, recorded in trade creditors is £NIL (2024: £574,543) due to that company.

Loans from Related Parties include amounts due to Fitzpatrick Projects Limited which have been fully repaid and the balance at 30 September is £NIL (2024: £277,626). The companies are related by virtue of common directors and the same significant shareholder, The Fitzpatrick Family Discretionary Settlement 2014. During the year, interest of £10,020 (2024: £16,393) was charged on the loan.

During the year, rent totalling £35,350 (2024: £141,400) was charged by The Fitzpatrick Family Discretionary Settlement 2014, a significant shareholder of the company. During the year, 10 Fitzroy Limited recharged costs of £4,663 (2024: £13,196) to The Fitzpatrick Family Discretionary Settlement 2014. At 30 September 2025, the balance due to the Fitzpatrick Family Discretionary Settlement 2014 was £NIL (2024: £136,824).

During the year, the company incurred expenditure totalling £1,690 (2024: £2,456) on behalf of P H M Fitzpatrick, a director, and £589 (2024: £2,489) was repaid during the year. At the balance sheet date £NIL (2024: £1,101) was due to P H M Fitzpatrick.

During the year, the loan advanced to 10 Fitzroy Limited by A C Fitzpatrick, the late mother of P H M Fitzpatrick, has been fully repaid (2024: £61,875). The loan was arranged in 2015 over a 10 year period and interest imputed during the year was £625 (2024: £5,750).

During the year, the company received income from Mayford James Limited of £662 (2024: £1,775). At the balance sheet date £NIL (2024:£1,696) was due to 10 Fitzroy from Mayford James Limited . Also, during the year, £NIL (2024: £9,000) was invoiced by Mayford James Limited to the company for the supply of temporary work. Mayford James Limited is controlled by S Williams.

14
Ultimate controlling party

There is no single ultimate controlling party.

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