REGISTERED NUMBER: 03711359 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

First Approach Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

E J Ellen

Mrs S L Kuo Ellen

REGISTERED OFFICE:

38 Tyle Green

Hornchurch

Essex

RM11 2TB

REGISTERED NUMBER:

03711359 (England and Wales)

ACCOUNTANTS:

Johal & Company

Chartered Certified Accountants

& Registered Auditors

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

FIXED ASSETS

Tangible assets

4

32,236

323,521

Investments

5

100

100

Investment property

6

445,541

-

477,877

323,621

CURRENT ASSETS

Debtors

7

9,171

-

Prepayments and accrued income

1,255

1,256

Cash at bank

579,301

561,324

589,727

562,580

CREDITORS

Amounts falling due within one year

8

7,692

4,492

NET CURRENT ASSETS

582,035

558,088

TOTAL ASSETS LESS CURRENT LIABILITIES

1,059,912

881,709

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

165,000

-

Retained earnings

894,910

881,707

1,059,912

881,709

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.

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 15 December 2025 and were signed on its behalf by:

Mrs S L Kuo Ellen - Director

1.	STATUTORY INFORMATION

First Approach 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

280,541

10,424

57,130

348,095

Disposals

(280,541

)

-

-

(280,541

)

At 31 March 2025

-

10,424

57,130

67,554

DEPRECIATION

At 1 April 2024

-

10,291

14,283

24,574

Charge for year

-

33

10,711

10,744

At 31 March 2025

-

10,324

24,994

35,318

NET BOOK VALUE

At 31 March 2025

-

100

32,136

32,236

At 31 March 2024

280,541

133

42,847

323,521

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

280,541

Revaluations

165,000

At 31 March 2025

445,541

NET BOOK VALUE

At 31 March 2025

445,541

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

445,541

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

9,171

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

5,532

1,782

Other creditors

2,160

2,710

7,692

4,492

9.

RESERVES

Fair

value

reserve

£

Investment Property

165,000

At 31 March 2025

165,000