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REGISTERED NUMBER: 10056426 (England and Wales)

Friends Alliance Properties Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025

| Friends Alliance Properties Ltd (Registered number: 10056426) |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Friends Alliance Properties Ltd |

Company Information

for the year ended 31 March 2025

| Directors: | S Madan

| T McNerney

| Registered office: | 61 Bridge Street

| Kington

| Herefordshire

| HR5 3DJ

| Registered number: | 10056426 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| Friends Alliance Properties Ltd (Registered number: 10056426) |

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Tangible assets | 3 | 1,662 |  | 2,570 |  |

Investment property | 4 | 3,691,733 |  | 3,691,733 |  |

3,693,395 |  | 3,694,303 |  |

Current assets

Debtors | 5 | 23,980 |  | 21,927 |  |

Cash at bank | 67,538 |  | 125,503 |  |

91,518 |  | 147,430 |  |

Creditors

Amounts falling due within one year | 6 | 50,372 |  | 35,859 |  |

Net current assets | 41,146 |  | 111,571 |  |

Total assets less current liabilities | 3,734,541 |  | 3,805,874 |  |

Creditors

Amounts falling due after more than one year | 7 | 3,796,549 |  | 3,814,549 |  |

Net liabilities | (62,008 | ) | (8,675 | ) |

Capital and reserves

Called up share capital | 10 | 1,000 |  | 1,000 |  |

Retained earnings | 11 | (63,008 | ) | (9,675 | ) |

Shareholders' funds | (62,008 | ) | (8,675 | ) |

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

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

T McNerney - Director

| Friends Alliance Properties Ltd (Registered number: 10056426) |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | 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.

| Going concern

| The company meets its day to day working capital requirements through the support of the director and shareholder of the company. On this basis, the director and shareholder consider it appropriate to prepare the financial statements on the going concern basis.

| Turnover

| Turnover represents amounts receivable for rents received in the year.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on cost

| Investment property

| Investment properties are included in the balance sheet at their fair value.

| Taxation

| Taxation for the year 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. | Employees and directors

| The average number of employees during the year was NIL (2024 - NIL).

3. | Tangible fixed assets

Fixtures |

and |

fittings |

| £

| Cost

| At 1 April 2024

| and 31 March 2025 | 32,989 |  |

| Depreciation

| At 1 April 2024 | 30,419 |  |

| Charge for year | 908 |  |

| At 31 March 2025 | 31,327 |  |

| Net book value

| At 31 March 2025 | 1,662 |  |

| At 31 March 2024 | 2,570 |  |

| Friends Alliance Properties Ltd (Registered number: 10056426) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

4. | Investment property

Total |

| £

| Fair value

| At 1 April 2024

| and 31 March 2025 | 3,691,733 |  |

| Net book value

| At 31 March 2025 | 3,691,733 |  |

| At 31 March 2024 | 3,691,733 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade debtors | 8,900 |  | - |  |

| Other debtors | 15,080 |  | 21,927 |  |

23,980 |  | 21,927 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts (see note 8) | 18,000 |  | 18,000 |  |

| Trade creditors | 13,781 |  | 9,788 |  |

| Other creditors | 18,591 |  | 8,071 |  |

50,372 |  | 35,859 |  |

7. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

| £ | £

| Bank loans (see note 8) | 1,673,500 |  | 1,691,500 |  |

| Other creditors | 2,123,049 |  | 2,123,049 |  |

3,796,549 |  | 3,814,549 |  |

8. | Loans

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

2025 | 2024 |

| £ | £

| Amounts falling due within one year or on demand:

| Bank loans | 18,000 |  | 18,000 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 1,673,500 |  | 1,691,500 |  |

| Friends Alliance Properties Ltd (Registered number: 10056426) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

9. | Secured debts

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Mortgage | 1,691,500 |  | 1,709,500 |  |

| The mortgage is secured by a fixed and floating charge over the investment properties of the company.

10. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 100,000 | Ordinary | £0.01 | 1,000 |  | 1,000 |  |

11. | Reserves

Retained |

earnings |

| £

| At 1 April 2024 | (9,675 | ) |

| Deficit for the year | (53,333 | ) |

| At 31 March 2025 | (63,008 | ) |

12. | Related party disclosures

| Included within other creditors is a balance of £2,123,049 (2024 - £2,123,049) owed to the directors.