REGISTERED NUMBER: 08431528 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Frobo Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms G Constance

Mrs M Dixon

G E Dixon

REGISTERED OFFICE:

The Old Windmill

Wretham

Thetford

Norfolk

IP24 1QS

REGISTERED NUMBER:

08431528 (England and Wales)

ACCOUNTANTS:

Knights Lowe

The Barn

11 Bury Road

Thetford

Norfolk

IP24 3PJ

FIXED ASSETS

Investment property

4

800,000

800,000

CURRENT ASSETS

Cash at bank

39,012

33,922

CREDITORS

Amounts falling due within one year

5

168,877

189,770

NET CURRENT LIABILITIES

(129,865

)

(155,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

670,135

644,152

CREDITORS

Amounts falling due after more than one year

6

(25,927

)

(50,999

)

PROVISIONS FOR LIABILITIES

8

(53,858

)

(53,858

)

NET ASSETS

590,350

539,295

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

166,171

166,171

Retained earnings

424,079

373,024

SHAREHOLDERS' FUNDS

590,350

539,295

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 28 November 2025 and were signed on its behalf by:

Mrs M Dixon - Director

1.	STATUTORY INFORMATION

Frobo Property 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

800,000

NET BOOK VALUE

At 31 March 2025

800,000

At 31 March 2024

800,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

220,029

Cost

579,971

800,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

579,971

579,971

Investment property was valued on an open market value basis on 31 March 2025 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

22,900

20,846

Taxation and social security

16,707

15,682

Other creditors

129,270

153,242

168,877

189,770

Other creditors includes £128,382 (2024 - £152,382) due to a director.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,927

50,999

7.	SECURED DEBTS

The mortgage loan of £44,379 (2024 £63,933) is secured by way of a fixed charge on the assets of the company.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax on fair value

53,858

53,858

Deferred

tax

£

Balance at 1 April 2024

53,858

Balance at 31 March 2025

53,858

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

166,171