IRIS Accounts Production v25.4.0.155 08006647 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false 44193 96903 144193 100000 100000 41096 44193 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08006647 2024-03-31 08006647 2025-03-31 08006647 2024-04-01 2025-03-31 08006647 2023-03-31 08006647 2023-04-01 2024-03-31 08006647 2024-03-31 08006647 ns15:EnglandWales 2024-04-01 2025-03-31 08006647 ns14:PoundSterling 2024-04-01 2025-03-31 08006647 ns10:Director1 2024-04-01 2025-03-31 08006647 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08006647 ns10:SmallEntities 2024-04-01 2025-03-31 08006647 ns10:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08006647 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 08006647 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08006647 ns10:AbridgedAccounts 2024-04-01 2025-03-31 08006647 42 ns10:Director2 2024-03-31 08006647 42 ns10:Director2 2024-04-01 2025-03-31 08006647 42 ns10:Director2 2023-04-01 2024-03-31 08006647 42 ns10:Director2 2025-03-31 08006647 42 ns10:Director2 2024-03-31 08006647 ns10:Director2 2024-04-01 2025-03-31 08006647 ns10:RegisteredOffice 2024-04-01 2025-03-31 08006647 ns5:CurrentFinancialInstruments 2025-03-31 08006647 ns5:CurrentFinancialInstruments 2024-03-31 08006647 ns5:ShareCapital 2025-03-31 08006647 ns5:ShareCapital 2024-03-31 08006647 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 08006647 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 08006647 ns5:FurnitureFittings 2024-04-01 2025-03-31 08006647 ns5:ComputerEquipment 2024-04-01 2025-03-31 08006647 ns10:Director1 1 2024-03-31 08006647 ns10:Director1 1 2023-03-31 08006647 ns10:Director1 1 2024-04-01 2025-03-31 08006647 ns10:Director1 1 2023-04-01 2024-03-31 08006647 ns10:Director1 1 2025-03-31 08006647 ns10:Director1 1 2024-03-31

REGISTERED NUMBER: 08006647 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Franks Associates Limited

| Franks Associates Limited (Registered number: 08006647) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Certified Accountants' Report | 5 |

| Franks Associates Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mrs S Franks

| M Franks

| REGISTERED OFFICE: | Suite 620A, 6th Floor

| Cotton Exchange

| Bixteth Street

| Liverpool

| Merseyside

| L3 9LQ

| REGISTERED NUMBER: | 08006647 (England and Wales)

| ACCOUNTANTS: | Douglas Fairless Partnership

| Seymour Chambers

| 92 London Road

| Liverpool

| Merseyside

| L3 5NW

| Franks Associates Limited (Registered number: 08006647) |

Abridged Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 16,386 |  | 14,864 |  |

CURRENT ASSETS

Debtors | 83,372 |  | 76,610 |  |

Cash at bank | 91,726 |  | 115,943 |  |

175,098 |  | 192,553 |  |

CREDITORS

Amounts falling due within one year | 99,108 |  | 111,096 |  |

NET CURRENT ASSETS | 75,990 |  | 81,457 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 92,376 |  | 96,321 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 92,276 |  | 96,221 |  |

92,376 |  | 96,321 |  |

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 Income Statement and 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 9 December 2025 and were signed on its behalf by:

M Franks - Director

| Franks Associates Limited (Registered number: 08006647) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Franks Associates 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.

| Turnover

| Turnover in the profit and loss account represents revenue recognised on services fully delivered during the period exlcusive of 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.

| Fixtures and fittings | - | 20% on reducing balance

| Computer equipment | - | 25% 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - NIL ) .

| Franks Associates Limited (Registered number: 08006647) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2024 | 23,343 |  |

| Additions | 7,316 |  |

| At 31 March 2025 | 30,659 |  |

| DEPRECIATION

| At 1 April 2024 | 8,479 |  |

| Charge for year | 5,794 |  |

| At 31 March 2025 | 14,273 |  |

| NET BOOK VALUE

| At 31 March 2025 | 16,386 |  |

| At 31 March 2024 | 14,864 |  |

5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| M Franks and Mrs S Franks

| Balance outstanding at start of year | 44,193 |  | - |  |

| Amounts advanced | 96,903 |  | 144,193 |  |

| Amounts repaid | (100,000 | ) | (100,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 41,096 |  | 44,193 |  |

| The loans were unsecured, repayable on demand and 2.5% interest was charged on the average balance of the loan throughout the year.

Chartered Certified Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Franks Associates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Franks Associates Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Franks Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Franks Associates Limited and state those matters that we have agreed to state to the Board of Directors of Franks Associates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Franks Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Franks Associates Limited. You consider that Franks Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Franks Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

Date: .............................................