REGISTERED NUMBER: 11760347 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FITZPATRICK PROPERTY HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Fitzpatrick

K R Fitzpatrick

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

11760347 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investment property

4

1,175,000

977,364

CURRENT ASSETS

Cash at bank

1,332

726

CREDITORS

Amounts falling due within one year

5

283,949

278,650

NET CURRENT LIABILITIES

(282,617

)

(277,924

)

TOTAL ASSETS LESS CURRENT LIABILITIES

892,383

699,440

CREDITORS

Amounts falling due after more than one year

6

(674,965

)

(674,965

)

PROVISIONS FOR LIABILITIES

(49,409

)

-

NET ASSETS

168,009

24,475

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

148,227

-

Retained earnings

19,682

24,375

168,009

24,475

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 23 December 2025 and were signed on its behalf by:

K R Fitzpatrick - Director

1.	STATUTORY INFORMATION

Fitzpatrick Property Holdings 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.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Turnover

Turnover represents the following types of income

Rental income

Income from the sale of properties

All income is recognised on a receivable basis

Accounting basis

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a profit of £191,668, and as at the year end the current liabilities exceeded current assets by £282,617.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

977,364

Revaluations

197,636

At 31 March 2025

1,175,000

NET BOOK VALUE

At 31 March 2025

1,175,000

At 31 March 2024

977,364

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

197,636

Cost

977,364

1,175,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

768

-

Tax

2,194

5,833

Directors' current accounts

280,219

271,617

Accrued expenses

768

1,200

283,949

278,650

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Mortgage due > 1 year

674,965

674,965

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

674,965

674,965

There are fixed and floating charges in place over the company's assets as security in relation to the bank loans.

8.

RESERVES

Fair

value

reserve

£

Transfer between reserves

148,227

At 31 March 2025

148,227

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, K R Fitzpatrick increased his loan to the company. As at 31 March 2025, the company owed him £280,219 (2024: £271,617). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Fitzpatrick.

This was by virtue of her 100% holding of the issued share capital.