Foley Park Estates Limited

Foley Park Estates Limited
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025

Principal activities

Principal activity of the company during the financial year was of property dealing and development, property rental and commercial vehicle dealing.

Directors

The directors who served the company throughout the year were as follows:

Kim Martyn Smith

Tania Butcher

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Kim Martyn Smith
Director

Date approved: 23 December 2025

Registered Number: 02063732 Foley Park Estates Limited
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	903,842	886,393
		903,842	886,393
Current assets
Stocks	4	1,679,603	1,695,503
Debtors	5	63,436	80,308
Cash at bank and in hand		317,813	251,435
		2,060,852	2,027,246
Creditors: amount falling due within one year	6	(941,424)	(887,948)
Net current assets		1,119,428	1,139,298

Total assets less current liabilities		2,023,270	2,025,691
Creditors: amount falling due after more than one year	7	(250,885)	(252,879)
Provisions for liabilities	8	(46,793)	(46,078)
Net assets		1,725,592	1,726,734

Capital and reserves
Called up share capital	9	10,000	10,000
Profit and loss account		1,715,592	1,716,734
Shareholders' funds		1,725,592	1,726,734

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 23 December 2025 and were signed on its behalf by:

-------------------------------
Kim Martyn Smith
Director

Foley Park Estates Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Foley Park Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 02063732, registration address Marlbrook, Newnham Bridge Tenbury Wells, Worcestershire, WR15 8NZ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	15% Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees and directors Average number of employees during the year was 4 (2024 : 3).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Investment properties	Total
	£	£	£	£	£
At 01 April 2024	45,260	-	6,405	857,635	909,300
Additions	15,864	13,194	-	-	29,058
Disposals	-	-	-	-	-
At 31 March 2025	61,124	13,194	6,405	857,635	938,358
Depreciation
At 01 April 2024	16,977	-	5,930	-	22,907
Charge for year	9,476	2,062	71	-	11,609
On disposals	-	-	-	-	-
At 31 March 2025	26,453	2,062	6,001	-	34,516
Net book values
Closing balance as at 31 March 2025	34,671	11,132	404	857,635	903,842
Opening balance as at 01 April 2024	28,283	-	475	857,635	886,393

Stocks

	2025 £		2024 £
Stocks	1,679,603		1,695,503
	1,679,603		1,695,503

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	51,660	63,009
Prepayments & Accrued Income	11,416	7,659
Other Debtors	360	8,200
PAYE & Social Security	-	1,440
	63,436	80,308

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	5,763	843
Corporation Tax	6,184	14,044
PAYE & Social Security	1,640	-
Accrued Expenses	32,883	25,049
Other Creditors	786,889	734,512
Rent Deposits	33,700	33,700
Wages & Salaries Control Account	7,026	30
Directors' Current Accounts	54,416	63,654
VAT	12,923	16,116
	941,424	887,948

Creditors: amount falling due after more than one year

	2025 £		2024 £
Other Creditors	250,885		252,879
	250,885		252,879

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	46,793		46,078
	46,793		46,078

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
9,998 Class A shares of £1.00 each	9,998	9,998
1 A share of £1.00 each	1	1
1 B share of £1.00 each	1	1
	10,000	10,000

10.	Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.

11.

Related Party Disclosures

MH Pocknell holds 90% of the issued share capital and is the father of the two directors. He is a former director who has made interest free loans to the company of £250,885 (2024 £252,879) and has agreed to make no demands for repayment until the funds are available and is being treated as being an amount due after more than one year. The company has constructed factory units in a joint venture with Foley Park Motors Limited, a company controlled by MH Pocknell. Included within creditors due within one year is a balance due to Foley Park Motors Limited of £786,889 (2024 £734,512). The balance is interest free and the movement during the year represents transactions relating to the property development.

Registered Number: 02063732
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2025
for
FOLEY PARK ESTATES LIMITED