REGISTERED NUMBER: 03525333 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Findlater Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Findlater

S Findlater

Mrs S Findlater

SECRETARY:

Mrs S Findlater

REGISTERED OFFICE:

4 Cedar Walk

Kenley

Surrey

CR8 5JL

REGISTERED NUMBER:

03525333 (England and Wales)

ACCOUNTANTS:

M Goddard & Co

Chartered Accountants

69 Tupwood Lane

Caterham

Surrey

CR3 6DD

FIXED ASSETS

Tangible assets

4

2,520,560

2,801,317

CURRENT ASSETS

Stocks

319,667

184,413

Debtors

1,565

1,712

Cash at bank

13,806

43,762

335,038

229,887

CREDITORS

Amounts falling due within one year

220,147

121,524

NET CURRENT ASSETS

114,891

108,363

TOTAL ASSETS LESS CURRENT LIABILITIES

2,635,451

2,909,680

CREDITORS

Amounts falling due after more than one year

5

(99,285

)

(112,933

)

PROVISIONS FOR LIABILITIES

(215,461

)

(231,584

)

NET ASSETS

2,320,705

2,565,163

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

2,320,701

2,565,159

SHAREHOLDERS' FUNDS

2,320,705

2,565,163

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 November 2025 and were signed on its behalf by:

K Findlater - Director

S Findlater - Director

Mrs S Findlater - Director

1.	STATUTORY INFORMATION

Findlater Properties Limited 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.

Turnover

Turnover represents net invoiced sales of materials and services and a provision for services provided by the year end date but not invoiced, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Investment properties

Investment properties are not depreciated and are shown at market value at the year end date with the revalued amount being credited to the revenue reserves. All the companies properties, other than those held for resale are investment properties. Deferred tax has been calculated on the increase in property values with the charge being debited to revenue reserves and a deferred tax liability being shown on the balance sheet under provisions for liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

2,831,381

Revaluations

(279,715

)

At 31 March 2025

2,551,666

DEPRECIATION

At 1 April 2024

30,064

Charge for year

1,042

At 31 March 2025

31,106

NET BOOK VALUE

At 31 March 2025

2,520,560

At 31 March 2024

2,801,317

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2013

366,916

Valuation in 2015

409,459

Valuation in 2016

247,852

Valuation in 2017

20,000

Valuation in 2019

455,000

Valuation in 2020

100,000

Valuation in 2021

(372,500

)

Valuation in 2022

189,500

Valuation in 2023

195,150

Valuation in 2025

(279,715

)

Cost

1,220,004

2,551,666

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.25

31.3.24

£

£

Repayable by instalments

Bank loans over 5 years

45,685

60,533

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £70,000 (2024 - £70,000) were paid to the directors .

Rental income and expenses are included in the profit and loss account on a property owned personally by the directors. The company collects the rent, maintains the property and retains the rental profit on this property. At the year end Mr S Findlater, a director of the company was owed £105,646 (2024:£55,378) and Mr K Findlater, a director of the company was owed £65,490 (2024:£13,520).

7.	RETAINED EARNINGS

Under FRS 102 a revaluation reserve is no longer separately identifiable. The unrealised gains on revalued investment properties net of deferred tax amounts to £1,116,919 (2024:£1,380,835) and is included in retained earnings.