REGISTERED NUMBER: 14901174 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Frontier Facilities Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

K J Brace

R N Sigley

M J Smith

Registered office:

2nd Floor, The Warehouse

Gwynne Street

Hereford

HR4 9DP

Registered number:

14901174 (England and Wales)

Auditors:

Acre Accountancy Limited

Statutory Auditor

Certified Accountants

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

4

37,220

4,864

CURRENT ASSETS

Debtors

5

316,519

148,762

Cash at bank

73,636

270,147

390,155

418,909

CREDITORS

Amounts falling due within one year

6

(545,642

)

(445,041

)

NET CURRENT LIABILITIES

(155,487

)

(26,132

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(118,267

)

(21,268

)

PROVISIONS FOR LIABILITIES

(765

)

(1,095

)

NET LIABILITIES

(119,032

)

(22,363

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(119,132

)

(22,463

)

SHAREHOLDERS' FUNDS

(119,032

)

(22,363

)

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 Smith - Director

1.	STATUTORY INFORMATION

Frontier Facilities Management 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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

The amount of revenue can be measured reliably;

It is probable that the Company will receive the consideration due under the contract;

The stage of completion of the contract at the end of the reporting period can be measured reliably;

The cost incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have reviewed budgets and forecasts for a period of 12 months from approval of the financial statements. It is noted that the company reports a net liability position at 31 March 2025, however the parent company is supportive and will not seek repayment of the intercompany balance until such a time that the company itself is self-sufficient. Considering this, the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

-

1,541

-

4,749

6,290

Additions

500

950

39,050

1,869

42,369

At 31 March 2025

500

2,491

39,050

6,618

48,659

Depreciation

At 1 April 2024

-

300

-

1,126

1,426

Charge for year

147

1,677

6,206

1,983

10,013

At 31 March 2025

147

1,977

6,206

3,109

11,439

Net book value

At 31 March 2025

353

514

32,844

3,509

37,220

At 31 March 2024

-

1,241

-

3,623

4,864

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

312,149

148,562

Other debtors

4,370

200

316,519

148,762

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

56,300

32,123

Amounts owed to group undertakings

301,040

258,351

Taxation and social security

91,083

80,469

Other creditors

97,219

74,098

545,642

445,041

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Russell Spencer (Senior Statutory Auditor)

for and on behalf of Acre Accountancy Limited

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from these of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,851 (2024 £6,253). Contributions totalling £230 (2024 £297) were payable to the fund at the reporting date and are included in creditors.

10.	RELATED PARTY DISCLOSURES

During the period transactions occurred with the immediate parent company. Management charges were charged by the immediate parent totalling £34,350 with a remaining balance owed at the year end of £301,039.

During the period transactions occurred with another group subsidiary company. Purchases were made totalling £2,554 with a remaining balance owed at the year end of £nil.

11.	ULTIMATE CONTROLLING PARTY

From 1 April 2024, the company is controlled by 1NewCo Ltd. The ultimate controlling party is still Mr K Mann by virtue of their shareholding.

The smallest group in which the results of the company are consolidated is that headed by 1NewCo Ltd. The address of 1 NewCo Ltd's registered office is Foley Trading Estate, Hereford, HR1 2SF.