Company Registration No. 13568365 (England and Wales)
Fogden Estates Ltd
Unaudited financial statements
for the year ended 31 March 2025
Fogden Estates Ltd
Unaudited financial statements
Contents
Fogden Estates Ltd
Company Information
for the year ended 31 March 2025
Company Number
13568365 (England and Wales)
Registered Office
15 Wavell Close
Yate
Bristol
BS37 5UL
United Kingdom
Accountants
HJB Accountancy
123 Badminton Road
Downend
Bristol
BS16 6NE
Fogden Estates Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
2,206
1,532
Investment property
650,619
635,254
Cash at bank and in hand
2,043
744
Creditors: amounts falling due within one year
(37,372)
(35,878)
Net current liabilities
(32,729)
(29,345)
Total assets less current liabilities
620,096
607,441
Creditors: amounts falling due after more than one year
(630,861)
(632,173)
Provisions for liabilities
Net liabilities
(14,606)
(24,732)
Called up share capital
10
10
Profit and loss account
(14,616)
(24,742)
Shareholders' funds
(14,606)
(24,732)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2025 and were signed on its behalf by
M Fogden
Director
Company Registration No. 13568365
Fogden Estates Ltd
Notes to the Accounts
for the year ended 31 March 2025
Fogden Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 13568365. The registered office is 15 Wavell Close, Yate, Bristol, BS37 5UL, United Kingdom.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' issued by the Financial Reporting Council.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation and functional currency
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.
The functional currency of Fogden Estates Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £14,606. The Company is supported through loans from the Parent Company and the director. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they adopt the going concern basis in preparing these financial statements.
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Fogden Estates Ltd
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% - Straight-line basis
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director on an open market value for existing use basis.
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
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 creditors: amounts falling due within one year.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Fogden Estates Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2024
635,254
Net gain from fair value adjustments
15,365
A valuation of investment property was completed by the director at the statement of financial position date.
The historical cost of investment property held at fair value at the statement of financial position date was £635,254 (2024: £635,254).
Amounts falling due within one year
Accrued income and prepayments
2,300
2,050
7
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
37,372
35,322
There are no amounts included above in respect of which any security has been given by the small entity.
Fogden Estates Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
479,141
465,877
Amounts owed to group undertakings and other participating interests
55,183
54,101
Loans from directors
96,537
112,195
Aggregate of amounts that fall due for payment after five years
630,861
632,173
Bank loans are secured by a fixed charge over the investment property of the Company.
Amounts owed to group undertakings and other participating interests are secured.
Loans from directors are unsecured.
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10
Transactions with related parties
At the year end, the company owed the director £96,537 (2024: £112,195). The loan is interest-free and there is no fixed date for repayment.
The company has taken advantage of the exemption in Section 1AC.35 of FRS 102 and has not disclosed related party transactions with the group.
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).