REGISTERED NUMBER: 00689890 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Fir Drive Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L P Gallimore

K M Gallimore

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

CV3 1JN

REGISTERED NUMBER:

00689890 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

1,748

3,022

Investment property

5

1,138,114

1,135,574

1,139,862

1,138,596

CURRENT ASSETS

Debtors

6

679,405

237,549

Cash at bank

247,267

741,756

926,672

979,305

CREDITORS

Amounts falling due within one year

7

20,744

25,013

NET CURRENT ASSETS

905,928

954,292

TOTAL ASSETS LESS CURRENT LIABILITIES

2,045,790

2,092,888

CREDITORS

Amounts falling due after more than one year

8

(704,711

)

(745,742

)

PROVISIONS FOR LIABILITIES

(3,033

)

(3,033

)

NET ASSETS

1,338,046

1,344,113

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Fair value reserve

9,099

9,099

Retained earnings

1,288,947

1,295,014

SHAREHOLDERS' FUNDS

1,338,046

1,344,113

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

K M Gallimore - Director

L P Gallimore - Director

1.	STATUTORY INFORMATION

Fir Drive Investments 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.

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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 Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

657

350

3,963

4,970

DEPRECIATION

At 1 April 2024

-

117

1,831

1,948

Charge for year

-

59

1,215

1,274

At 31 March 2025

-

176

3,046

3,222

NET BOOK VALUE

At 31 March 2025

657

174

917

1,748

At 31 March 2024

657

233

2,132

3,022

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,135,574

Additions

2,540

At 31 March 2025

1,138,114

NET BOOK VALUE

At 31 March 2025

1,138,114

At 31 March 2024

1,135,574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

627

Amounts owed by associates

312,109

211,153

Other debtors

128

128

Directors' current accounts

354,454

16,446

Prepayments

12,714

9,195

679,405

237,549

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 9)

10,215

9,971

Trade creditors

5,838

5,510

Deferred Income

1,621

7,090

Accrued expenses

3,070

2,442

20,744

25,013

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

703,437

734,008

Other loans (see note 9)

1,274

11,734

704,711

745,742

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

703,437

734,008

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Other loans

10,215

9,971

Amounts falling due between one and two years:

Other loans - 1-2 years

1,274

9,971

Amounts falling due between two and five years:

Other loans - 2-5 years

-

1,763

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

703,437

734,008

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

703,437

734,008

The above bank loans are secured by fixed charges over certain investment properties.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

L P Gallimore and K M Gallimore

Balance outstanding at start of year

16,446

33,885

Amounts advanced

463,397

223,378

Amounts repaid

(125,389

)

(240,817

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

354,454

16,446

The above amount owed to the company by the directors is charged at the HMRC official rate of interest.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, £312,109 (2024: £211,153) is due to the company from KLS Restaurants Ltd, a company with common shareholders, in respect of a loan advanced. Interest is charged on the loan at a commercial rate and there are no set terms for repayment.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs L Gallimore by virtue of their 100% shareholding in Fir Drive Investments Limited.