REGISTERED NUMBER: 04491005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

FIRST 4 PROPERTIES (LINCS) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Peart

Mrs L Peart

REGISTERED OFFICE:

23 Cheltenham Way

CLEETHORPES

DN35 0UG

REGISTERED NUMBER:

04491005 (England and Wales)

ACCOUNTANTS:

Smethurst & Co

12 Abbey Road

GRIMSBY

DN32 0HL

FIXED ASSETS

Investment property

4

355,000

375,000

CURRENT ASSETS

Debtors

1,749

1,095

Cash at bank

24,503

4,005

26,252

5,100

CREDITORS

Amounts falling due within one year

6,846

78,418

NET CURRENT ASSETS/(LIABILITIES)

19,406

(73,318

)

TOTAL ASSETS LESS CURRENT LIABILITIES

374,406

301,682

PROVISIONS FOR LIABILITIES

21,655

14,828

NET ASSETS

352,751

286,854

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

2

2

Revaluation reserve

5

92,321

63,217

Profit and loss account

260,428

223,635

352,751

286,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2025 and were signed on its behalf by:

Mr C Peart - Director

1.	STATUTORY INFORMATION

First 4 Properties (Lincs) 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 as modified by the revaluation of certain assets.

Turnover

Turnover consists of rental income from the company's investment properties.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

375,000

Disposals

(60,000

)

Revaluations

40,000

At 30 June 2025

355,000

NET BOOK VALUE

At 30 June 2025

355,000

At 30 June 2024

375,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2006

135,924

Valuation in 2013

8,817

Valuation in 2015

(55,000

)

Valuation in 2016

10,000

Valuation in 2019

3,503

Valuation in 2021

(25,199

)

Valuation in 2025

35,931

Cost

241,024

355,000

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

30.6.25

30.6.24

£

£

Cost

241,024

296,955

Investment property was valued on a vacant possession basis on 30 June 2025 by the directors .

5.

RESERVES

Revaluation

reserve

£

At 1 July 2024

63,217

Revaluation of investment

property

29,104

At 30 June 2025

92,321