REGISTERED NUMBER: 10292456 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Filton Lets Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Mealing

Mrs V E Mealing

Mr C L K Mealing

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

10292456 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

540

783

Investment property

5

3,820,000

2,580,000

3,820,540

2,580,783

CURRENT ASSETS

Debtors

6

4,774

532,943

Cash at bank

109,051

16,029

113,825

548,972

CREDITORS

Amounts falling due within one year

7

1,179,470

926,446

NET CURRENT LIABILITIES

(1,065,645

)

(377,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,754,895

2,203,309

PROVISIONS FOR LIABILITIES

11,427

11,456

NET ASSETS

2,743,468

2,191,853

CAPITAL AND RESERVES

Called up share capital

8

1,000,000

1,000,000

Share premium

9

872,498

872,498

Fair value reserve

9

483,053

33,839

Retained earnings

9

387,917

285,516

SHAREHOLDERS' FUNDS

2,743,468

2,191,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 23rd October 2025 and were signed on its behalf by:

Mr A Mealing - Director

1.	STATUTORY INFORMATION

Filton Lets 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.

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

-

25% on reducing balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2024

1,946

500

2,446

Disposals

(170

)

-

(170

)

At 31st March 2025

1,776

500

2,276

DEPRECIATION

At 1st April 2024

1,321

342

1,663

Charge for year

157

39

196

Eliminated on disposal

(123

)

-

(123

)

At 31st March 2025

1,355

381

1,736

NET BOOK VALUE

At 31st March 2025

421

119

540

At 31st March 2024

625

158

783

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

2,580,000

Additions

790,786

Revaluations

951,482

At 31st March 2025

4,322,268

DEPRECIATION

Revaluation adjustments

502,268

At 31st March 2025

502,268

NET BOOK VALUE

At 31st March 2025

3,820,000

At 31st March 2024

2,580,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2021

90,000

Valuation in 2022

(44,882

)

Valuation in 2025

449,214

Cost

3,325,668

3,820,000

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

2,580,000

Additions

790,786

Revaluations

951,482

4,322,268

CLIENT SCREEN TOTAL

=

3,820,000

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

31.3.25

31.3.24

£

£

Cost

3,274,882

2,534,882

Investment property was valued on an open market basis on 31st March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

-

527,725

Other debtors

58

-

Prepayments

4,716

5,218

4,774

532,943

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

797,190

796,436

Tax

40,122

22,161

Other creditors

244,499

-

Directors' current accounts

88,441

102,737

Deferred income

7,232

3,222

Accrued expenses

1,986

1,890

1,179,470

926,446

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

50,000

Ordinary A

£1

50,000

50,000

900,000

Ordinary B

£1

900,000

900,000

50,000

Ordinary C

£1

50,000

50,000

1,000,000

1,000,000

9.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 1st April 2024

285,516

872,498

33,839

1,191,853

Profit for the year

120,401

120,401

Dividends

(18,000

)

(18,000

)

Assets revalued in period

-

-

449,214

449,214

At 31st March 2025

387,917

872,498

483,053

1,743,468