FPI Co 77 Ltd - Accounts

FPI Co 77 Ltd
Contents Page
For the year ended 31 March 2025

Company information	1
Directors' report	2
Statement of financial position	3
Notes to the financial statements	4

FPI Co 77 Ltd
Company Information
For the year ended 31 March 2025

Directors	D R Wylde D R Hatzis
Registered Number	10433301
Registered Office	Cedar House Abingdon Road Tubney Oxfordshire OX13 5QQ

1

FPI Co 77 Ltd
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025.

Directors

The directors who served the company throughout the year were as follows:

D R Wylde

D R Hatzis

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
D R Wylde
Director

Date approved: 19 December 2025

2

FPI Co 77 Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,806,906	1,826,546
		1,806,906	1,826,546
Current assets
Debtors	4	58,128	58,128
Creditors: amount falling due within one year	5	(1,901,993)	(1,944,130)
Net current assets		(1,843,865)	(1,886,002)

Total assets less current liabilities		(36,959)	(59,456)
Net assets		(36,959)	(59,456)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(37,059)	(59,556)
Shareholders' funds		(36,959)	(59,456)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 19 December 2025 and were signed on its behalf by:

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D R Wylde
Director

3

FPI Co 77 Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

FPI Co 77 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10433301, registration address Cedar House, Abingdon Road, Tubney, Oxfordshire, OX13 5QQ

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Freehold property

2% Straight Line

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Freehold property	Total
	£	£
At 01 April 2024	1,964,028	1,964,028
Additions	-	-
Disposals	-	-
At 31 March 2025	1,964,028	1,964,028
Depreciation
At 01 April 2024	137,482	137,482
Charge for year	19,640	19,640
On disposals	-	-
At 31 March 2025	157,122	157,122
Net book values
Closing balance as at 31 March 2025	1,806,906	1,806,906
Opening balance as at 01 April 2024	1,826,546	1,826,546

4.

Debtors: amounts falling due within one year

	2025 £		2024 £
Trade Debtors	58,128		58,128
	58,128		58,128

5.

Creditors: amount falling due within one year

	2025 £	2024 £
Amounts Owed to Group Undertakings	1,899,785	1,940,842
Other Creditors	2,208	3,288
	1,901,993	1,944,130

The company is subject to a charge covering all rights, title and interest in and to the freehold,

commonhold and leasehold property including but not limited to the properties 2 Slingley Close, Seaham, SR7 0LH; The Quays, 6 Tempest Road, Seaham, SR7 7AY; 9 Hoy Crescent, Seaton, SR7 0JT; 13 Earl Street, Seaham, SR7 0DH; 51 Gill Street, Consett, DH8 7JT; 1 Farrier Close, Pity Me, Durham, DH1 5XY; and Land at 14 Don Crescent, Great Lumley and 14 Don Crescent, Great Lumley, Chester-le-street, DH3 4JY.

6.	Related party transactions The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

4

Registered Number: 10433301
England and Wales
FPI CO 77 LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025