Fascroft Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 06262755

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	7,812,397		7,812,397
Debtors	5	8,683		1,328
Cash at bank and in hand		183,965		273,453

		8,005,045		8,087,178
Creditors: Amounts Falling Due Within One Year	6	(528,934 )		(532,022 )

NET CURRENT ASSETS (LIABILITIES)			7,476,111		7,555,156

TOTAL ASSETS LESS CURRENT LIABILITIES			7,476,111		7,555,156

Creditors: Amounts Falling Due After More Than One Year	7		(5,406,250 )		(5,591,250 )

NET ASSETS			2,069,861		1,963,906

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			2,069,859		1,963,904

SHAREHOLDERS' FUNDS			2,069,861		1,963,906

For the year ending 30 April 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D S Baroukh

Director

09/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Fascroft Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06262755 . The registered office is 60 High Street , Wimbledon, London, SW19 5EE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Presentational Currency

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Turnover

Turnover is recognised to the extent that it is probable that the economic benefit will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Turnover comprises rental income from operating leases (net of any incentives given to the lessees) and is recognised on a straight-line basis over the lease term.

2.3. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value. Cost is the historic price of acquiring each property. Net realisable value is based on an estimated selling price, less further costs to be incurred to completion and disposal.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour cost and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduce to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2.4. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

2.5. Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6. 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.

2.7. 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.

2.8. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the different between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional rights to defer settlement of the liability for at least twelve months after the reporting date.

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Fascroft Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Stocks

	2025	2024
	£	£
Stock	7,812,397	7,812,397

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,681	-
Prepayments and accrued income	-	1,326
Other debtors	2	2

	8,683	1,328

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,653	1,325
Bank loans and overdrafts	185,000	185,000
Corporation tax	33,099	25,986
VAT	26,849	32,137
Accruals and deferred income	173,333	187,574
Amounts owed to group undertakings	100,000	100,000

	528,934	532,022

The bank loan is attracting interest 2.7% above the Bank of England base rate per annum, and the final instalment is due on 29/06/2027.

The bank loan is secured by the way of fixed charges over the Company's stock of properties and by floating charges over all the Company's assets.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	5,406,250	5,591,250

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

9. Ultimate Controlling Party

There is no controlling party.

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