Frontlight Interiors Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 01593000

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,156		8,586
Investment Properties	5		1,451,872		1,451,872

			1,459,028		1,460,458
CURRENT ASSETS
Debtors		42,446		30,639
Cash at bank and in hand		11,403		43,700

		53,849		74,339
Creditors: Amounts Falling Due Within One Year		(319,140 )		(342,134 )

NET CURRENT ASSETS (LIABILITIES)			(265,291 )		(267,795 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,193,737		1,192,663

Creditors: Amounts Falling Due After More Than One Year			(22,950 )		(22,950 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(131,744 )		(131,744 )

NET ASSETS			1,039,043		1,037,969

CAPITAL AND RESERVES
Called up share capital	6		50,000		50,000
Revaluation reserve	7		912,198		912,198
Profit and Loss Account			76,845		75,771

SHAREHOLDERS' FUNDS			1,039,043		1,037,969

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Frontlight Interiors Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr John Carr-Jones Director	Mrs Susan Sturgeon Director
16/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Frontlight Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01593000 . The registered office is 119 the Street, Puttenham, Guildford, GU3 1AU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable in respect of rental income from operationg leases and is shown net of VAT. Recognition of rental income takes into account the terms of the lease including any lease incentives which are spread over the length of the lease.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	12.5% Reducing balance

The gain and loss arising on the disposal of an asset is determined between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. The gain or loss on valuation is recognised in profit or loss and is subsequently transferred within equity to the "investment property reserve" together with the associated deferred tax.

2.5. Financial Instruments

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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Frontlight Interiors Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Investment property reserve

The investment property reserve comprises the fair value uplift on the company's investment property net of the associated deferred tax. Any movement in the fair value of the investment property and/or the deferred tax associated with it during the year is transferred from the profit and loss account into this reserve as a reserve movement in the Statement of Changes in Equity. The reserve is non-distributable.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	29,997

As at 31 March 2025	29,997

Depreciation
As at 1 April 2024	21,411
Provided during the period	1,430

As at 31 March 2025	22,841

Net Book Value
As at 31 March 2025	7,156

As at 1 April 2024	8,586

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	1,451,872

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50,000	50,000

7. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2024	912,198	75,771
Profit for the year and total comprehensive income	-	4,074

Dividends paid	-	(3,000)

As at 31 March 2025	912,198	76,845

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