Firestride Limited Accounts






Firestride Limited

	Company No. 02075337
		Information for Filing with The Registrar
		31 March 2025

at	31 March 2025
Company No.		02075337	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	695	866
	Investment property		6	2,100,000	2,100,000

				2,100,695	2,100,866
Current assets

	Debtors		7	142	133

	Cash at bank and in hand			83,223	29,243
				83,365	29,376
Creditors: Amount falling due within one year			8	(36,702)	(50,167)
Net current assets/(liabilities)				46,663	(20,791)
Total assets less current liabilities				2,147,358	2,080,075

Provisions for liabilities
	Deferred taxation		9	(252,996)	(253,029)

Net assets				1,894,362	1,827,046

Capital and reserves
	Called up share capital			6	6

	Fair value reserve		11	1,334,743	1,334,743

	Profit and loss account		11	559,613	492,297

Total equity				1,894,362	1,827,046



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

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.

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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 December 2025 and signed on its behalf by:
P.M. Patel
Director
30 December 2025

for the year ended 31 March 2025

General information

Firestride Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 02075337

Its registered office is:

76 Sterndale Road

Hammersmith

London

W14 0HX

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the rents received or receivable. Turnover is reduced for any estimated tenant rebates and other similar allowances.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

20% Reducing balance

Taxation

Corporation tax expense 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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	22,103	13,231
		Charge for prior periods	-	(50)
		Total corporation tax	22,103	13,181

		Origination and reversal of timing differences	(33)	(12,541)

		Total deferred tax	(33)	(12,541)

		Tax on profit on ordinary activities	22,070	640

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2025	2024
		-2277	£	£
		Profit on ordinary activities before tax	97,386	13,863

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	24,347	3,466
		Expenses not deductible for tax purposes	(45)	(54)
		Adjustments to charge in respect of prior periods	-	(50)


		Marginal rate relief	(2,232)	(2,722)
		Tax on profit on ordinary activities	22,070	640

5	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 April 2024	2,112	2,112




		At 31 March 2025	2,112	2,112
		Depreciation
		At 1 April 2024	1,246	1,246
		Charge for the year	171	171



		At 31 March 2025	1,417	1,417
		Net book values
		At 31 March 2025	695	695
		At 31 March 2024	866	866

6	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 April 2024	2,100,000



		At 31 March 2025	2,100,000

		The directors have revalued the investment properties at the balance sheet date using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific assets and informed by previous external valuations where available.

7	Debtors
			2025	2024
			£	£






		Other debtors	142	133
			142	133

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£






		Taxes and social security	22,103	13,231
		Other creditors	14,599	36,936
			36,702	50,167

9	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Arising from revaluation	Total
			£	£	£
		At 1 April 2024	165	252,864	253,029
		Charge to the profit and loss account for the period	(33)		(33)

		At 31 March 2025	132	252,864	252,996


			2025		2024
			£		£
		Accelerated capital allowances	132		165

		Revaluation of land and buildings	252,864		252,864

			252,996		253,029

Share Capital

The share capital represents 3 £1 Ordinary shares and 3 £1 Ordinary 'A' shares all allocated called up and fully paid.

11	Reserves
			Fair value reserve	Total other reserves
			£	£
		At 1 April 2023	1,372,243	1,372,243
		Movement on fair value reserve	(50,000)	(50,000)
		Deferred taxation	12,500	12,500

		At 31 March 2024 and 1 April 2024	1,334,743	1,334,743



		At 31 March 2025	1,334,743	1,334,743

		Fair value reserve - reflects the revaluation of investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.