Fishburn Property Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 8501171

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,536,172		9,546,542

			10,536,172		9,546,542
CURRENT ASSETS
Debtors	5	54,687		57,849
Cash at bank and in hand		3,798		23,765

		58,485		81,614
Creditors: Amounts Falling Due Within One Year	6	(52,477 )		(89,346 )

NET CURRENT ASSETS (LIABILITIES)			6,008		(7,732 )

TOTAL ASSETS LESS CURRENT LIABILITIES			10,542,180		9,538,810

Creditors: Amounts Falling Due After More Than One Year	7		(2,399,157 )		(2,844,204 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(598,000 )		(455,500 )

NET ASSETS			7,545,023		6,239,106

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			7,544,023		6,238,106

SHAREHOLDERS' FUNDS			7,545,023		6,239,106

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Fishburn Property Limited

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.

On behalf of the board

Mr Ralph Watson

Director

22/12/2025

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	1,000	4,928,497	4,929,497
Profit for the year and total comprehensive income	-	1,475,609	1,475,609

Dividends paid	-	(436,000)	(436,000)
Transfer to/from Fair value reserve	-	270,000	270,000

As at 31 March 2024 and 1 April 2024	1,000	6,238,106	6,239,106


Profit for the year and total comprehensive income	-	778,247	778,247

Dividends paid	-	(42,330)	(42,330)
Transfer to/from Fair value reserve	-	570,000	570,000

As at 31 March 2025	1,000	7,544,023	7,545,023

1. General Information

Fishburn Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8501171 . The registered office is 17 Wood Street, St.Annes-on-Sea , FY8 1QR.

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 measured at the fair value of the consideration received or receivable and represents rental income.

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:

Freehold	0%
Leasehold	0%
Plant & Machinery	25% reducing balance

Investment properties are included at fair value. Gains are recognised in the profit and loss account.Deferred tax is provided on these gains.

2.4. Taxation

Corporation tax represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Fishburn Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Total
	£	£	£	£
Cost or Valuation
As at 1 April 2024	4,253,686	5,253,729	132,183	9,639,598
Additions	-	417,872	11,671	429,543
Revaluation	250,000	320,000	-	570,000

As at 31 March 2025	4,503,686	5,991,601	143,854	10,639,141

Depreciation
As at 1 April 2024	-	-	93,056	93,056
Provided during the period	-	-	9,913	9,913

As at 31 March 2025	-	-	102,969	102,969

Net Book Value
As at 31 March 2025	4,503,686	5,991,601	40,885	10,536,172

As at 1 April 2024	4,253,686	5,253,729	39,127	9,546,542

The original cost of land and buildings was £8,103,947 (2024: £7,686,075)

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors and prepayments	24,064	29,481
Corporation tax recoverable	-	3,019
Directors' loan accounts	30,623	25,349

	54,687	57,849

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,745	2,814
Bank loans and overdrafts	-	42,370
Corporation tax	43,777	42,207
Accruals and deferred income	1,955	1,955

	52,477	89,346

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Fishburn Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	180,000	676,627
Other creditors	2,219,157	2,167,577

	2,399,157	2,844,204

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.The loans are repayable by instalments and interest is approximately 8%

	2025		2024
	£		£
Bank loans and overdrafts	180,000		718,997

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Related Party Transactions

The company was under the control of Mr.Watson's estate,subsequently his will trust, throughout the current and preceding year. Mr.Watson was the 100% shareholder. Mr.Watson died in December 2021.

The director's loan account represents amounts by Mr.Watson's will trust. This is repayable on demand. Interest is charged at 2.25% on this loan.The loan will be repaid before 31 December 2024.

Other creditors (note 7) represents amounts owed to Mainsforth Estates Ltd. £794,351 (2024 :£816,694), Bickford Land & Property Limited £384,494 (2024: £534,569), Wentworth Mann Ltd. £837,292 (2024 :£641,l292) and Fir Tree Estates Ltd. £203,020 (2024 : £172,090). The above companies are controlled by the estate/will trust of P.G. Watson, apart from Bickford Land and Property which is controlled by his son. These balances are after credit provisions of £800,000 (2024 : £1,445,049).

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