Frankdersan Uk Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10190777 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FRANKDERSAN UK PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms M Van Aswegen

REGISTERED OFFICE:

Ground Floor Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

10190777 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Investment property

4

260,000

CURRENT ASSETS

Debtors

5

2,056

1,099

Cash at bank

4,340

2,427

6,396

3,526

CREDITORS

Amounts falling due within one year

6

3,845

3,446

NET CURRENT ASSETS

2,551

80

TOTAL ASSETS LESS CURRENT
LIABILITIES

262,551

260,080

CREDITORS

Amounts falling due after more than one
year

7

(240,988

)

(233,590

)

PROVISIONS FOR LIABILITIES

(8,262

)

(8,262

)

NET ASSETS

13,301

18,228

CAPITAL AND RESERVES

Called up share capital

8

1

Revaluation reserve

9

35,223

Retained earnings

9

(21,923

)

(16,996

)

SHAREHOLDERS' FUNDS

13,301

18,228

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 director acknowledges her 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 director and authorised for issue on 15 December 2025 and were signed by:

Ms M Van Aswegen - Director

1.	STATUTORY INFORMATION

Frankdersan Uk Properties 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.

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 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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

260,000

NET BOOK VALUE

At 31 March 2025

260,000

At 31 March 2024

260,000

This value is made up of two residential properties being:-

58 Mansfield Close (cost £44,560) worth £60,000.

12 Blackledge Close (cost £171,955) worth £200,000.

These are the most recent and reliable market values of the properties.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

55,000

Cost

205,000

260,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

258

(216

)

Other debtors

1,453

1,053

Prepayments

345

262

2,056

1,099

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other creditors

1,453

1,053

Accruals and deferred income

2,392

2,393

3,845

3,446

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other creditors

116,654

122,586

Directors' loan accounts

124,334

111,004

240,988

233,590

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary £1.00

£1

1

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 April 2024

(16,996

)

35,223

18,227

Deficit for the year

(4,927

)

(4,927

)

At 31 March 2025

(21,923

)

35,223

13,300

10.	RELATED PARTY DISCLOSURES

Included under creditors is an amount due to M Van Aswegen, the company director, of £124,334 (2024 - £111,004). This loan is unsecured and has no fixed term for repayment.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M Van Aswegen.