REGISTERED NUMBER: 05735292 (England and Wales)

Fraser Properties (Yorkshire) Ltd

Unaudited Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Fraser

M C Fraser

REGISTERED OFFICE:

Denby Hall Barn

Denby Dale

Huddersfield

West Yorkshire

HD8 8YL

REGISTERED NUMBER:

05735292 (England and Wales)

ACCOUNTANTS:

Smailes Goldie Limited

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

1,021,521

1,108,980

CURRENT ASSETS

Stocks

3,500

3,800

Debtors

5

5,982

52,450

Cash at bank

64,162

13,515

73,644

69,765

CREDITORS

Amounts falling due within one year

6

224,295

223,203

NET CURRENT LIABILITIES

(150,651

)

(153,438

)

TOTAL ASSETS LESS CURRENT LIABILITIES

870,870

955,542

CREDITORS

Amounts falling due after more than one year

7

(1,048,472

)

(1,125,624

)

PROVISIONS FOR LIABILITIES

(47,911

)

(53,981

)

NET LIABILITIES

(225,513

)

(224,063

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(225,613

)

(224,163

)

(225,513

)

(224,063

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 19th November 2025 and were signed on its behalf by:

M C Fraser - Director

1.	STATUTORY INFORMATION

Fraser Properties (Yorkshire) 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.

The principal activities of the company during the year were acting as a commercial property landlord and provider of energy and office management services.

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.

Going concern

The financial statements have been prepared on a going concern basis as the shareholders have indicated their willingness to support the company for the foreseeable future.

Turnover

Rents receivable under operating leases are included within turnover on a straight line basis over the term of the lease. Energy sales are included within turnover based on the number of units of energy used in the year. All turnover is exclusive of Value Added Tax.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

The annual rates used are as follows:

Land and building

over the period of the lease

Plant and machinery

5 - 25% on cost

Fixtures and fittings

15% reducing balance

Computer equipment

25% on cost

Motor vehicles

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st April 2024

2,006,608

168,186

4,233

Additions

-

-

354

At 31st March 2025

2,006,608

168,186

4,587

DEPRECIATION

At 1st April 2024

1,045,091

73,625

1,703

Charge for year

66,887

8,600

402

At 31st March 2025

1,111,978

82,225

2,105

NET BOOK VALUE

At 31st March 2025

894,630

85,961

2,482

At 31st March 2024

961,517

94,561

2,530

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

52,486

9,055

2,240,568

Additions

-

666

1,020

At 31st March 2025

52,486

9,721

2,241,588

DEPRECIATION

At 1st April 2024

4,426

6,743

1,131,588

Charge for year

10,621

1,969

88,479

At 31st March 2025

15,047

8,712

1,220,067

NET BOOK VALUE

At 31st March 2025

37,439

1,009

1,021,521

At 31st March 2024

48,060

2,312

1,108,980

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

161

50,186

Other debtors

104

52

Prepayments and accrued income

5,717

2,212

5,982

52,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

80,624

76,797

Trade creditors

2,420

-

Tax

22,702

8,146

Social security and other taxes

1,521

5,322

VAT

19,492

9,910

Other creditors

50,600

77,002

Directors' current accounts

1,081

-

Accruals and deferred income

45,855

46,026

224,295

223,203

Other creditors include a interest free short-term loan from a shareholder. There are no formal terms in place therefore the balance £50,600 (2024 £77,600) is shown as repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

84,823

80,793

Bank loans - 2-5 years

281,943

268,523

Bank loans more 5 yr by instal

681,706

776,308

1,048,472

1,125,624

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

681,706

776,308

The controlling party has provided security for the bank loans of £1,129,096 (2024 £1,202,421) in the form of various properties.

Included within creditors: amounts falling due after more than once year is an amount of £681,706 (2024 £776,308) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,179

3,179

Between one and five years

12,716

12,716

In more than five years

23,048

26,227

38,943

42,122