IRIS Accounts Production v25.3.0.601 13001994 Board of Directors 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13001994 2024-03-31 13001994 2025-03-31 13001994 2024-04-01 2025-03-31 13001994 2023-03-31 13001994 2023-04-01 2024-03-31 13001994 2024-03-31 13001994 ns15:EnglandWales 2024-04-01 2025-03-31 13001994 ns14:PoundSterling 2024-04-01 2025-03-31 13001994 ns10:Director1 2024-04-01 2025-03-31 13001994 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13001994 ns10:SmallEntities 2024-04-01 2025-03-31 13001994 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13001994 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 13001994 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13001994 ns10:FullAccounts 2024-04-01 2025-03-31 13001994 ns10:Director2 2024-04-01 2025-03-31 13001994 ns10:RegisteredOffice 2024-04-01 2025-03-31 13001994 ns5:CurrentFinancialInstruments 2025-03-31 13001994 ns5:CurrentFinancialInstruments 2024-03-31 13001994 ns5:ShareCapital 2025-03-31 13001994 ns5:ShareCapital 2024-03-31 13001994 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 13001994 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 13001994 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 13001994 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 13001994 ns5:CostValuation 2024-03-31 13001994 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31

REGISTERED NUMBER: 13001994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FBC PROPERTY LTD

| FBC PROPERTY LTD (REGISTERED NUMBER: 13001994) |

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 |

| FBC PROPERTY LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | M J Fisher

| A J Head

| REGISTERED OFFICE: | 2a Bridge Square

| Farnham

| Surrey

| GU9 7QR

| REGISTERED NUMBER: | 13001994 (England and Wales)

| ACCOUNTANTS: | Tiakyfee Consultants Ltd

| 5 Dukes Close

| Alton

| Hampshire

| GU34 1PH

| FBC PROPERTY LTD (REGISTERED NUMBER: 13001994) |

BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 10,000 |  | 10,000 |  |

Investment property | 5 | 970,325 |  | 954,239 |  |

980,325 |  | 964,239 |  |

CURRENT ASSETS

Cash at bank | 7,362 |  | 3,925 |  |

CREDITORS

Amounts falling due within one year | 6 | 179,669 |  | 163,734 |  |

NET CURRENT LIABILITIES | (172,307 | ) | (159,809 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 808,018 |  | 804,430 |  |

PROVISIONS FOR LIABILITIES | 28,147 |  | 28,147 |  |

NET ASSETS | 779,871 |  | 776,283 |  |

CAPITAL AND RESERVES

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

Fair value reserve | 7 | 84,440 |  | 84,440 |  |

Retained earnings | 685,431 |  | 681,843 |  |

779,871 |  | 776,283 |  |

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 19 November 2025 and were signed on its behalf by:

M J Fisher - Director

| FBC PROPERTY LTD (REGISTERED NUMBER: 13001994) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| FBC Property Ltd 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.

| FBC Property Ltd is the parent company of Farnham Bathroom Company Ltd. The parent and the group headed by it, qualify as small as set out in section 383 of the Companies Act. The parent and the group are considered eligible for the exemption from the requirement to prepare consolidated financial accounts as determined by reference to sections 384 and 399(2A) of the Companies Act.

| The financial statements prepared are separate financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investments in subsidiaries

| Investments in subsidiaries are valued at cost less impairment.

| 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.

| Financial instruments

| Basic financial instruments are recognised at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, will be measured, initially and subsequently, at the undiscounted amount, unless the transaction is beyond the normal business terms or financed at a rate of interest that is not a market rate.

| 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.

| 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 year 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 year was NIL (2024 - NIL).

| FBC PROPERTY LTD (REGISTERED NUMBER: 13001994) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 10,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 10,000 |  |

| At 31 March 2024 | 10,000 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 954,239 |  |

| Additions | 16,086 |  |

| At 31 March 2025 | 970,325 |  |

| NET BOOK VALUE

| At 31 March 2025 | 970,325 |  |

| At 31 March 2024 | 954,239 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2021 | 112,587 |  |

| Cost | 857,738 |  |

970,325 |  |

| If investment property had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 857,738 |  | 841,652 |  |

| Investment property was valued on a fair value basis on 31 March 2025 by the directors of the Company .

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed to group undertakings | 176,256 |  | 156,437 |  |

| Taxation and social security | 1,596 |  | 5,534 |  |

| Other creditors | 1,817 |  | 1,763 |  |

179,669 |  | 163,734 |  |

7. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 84,440 |  |

| FBC PROPERTY LTD (REGISTERED NUMBER: 13001994) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | RELATED PARTY DISCLOSURES

| Included within amounts owed to group companies is £176,256 (2024 - £156,547) due to Farnham Bathroom Company Ltd. Farnham Bathroom Company Ltd is a 100% owned subsidiary of FBC Property Ltd. There are no specific terms attached to the loan from the subsidiary company.

| Dividend income of £100,000 (2024 - £200,000) was received from Farnham Bathroom Company Ltd.

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling parties are M Fisher and A Head, directors and shareholders.