Frattro Limited - Filleted accounts

Registered number

02804536

Frattro Limited

Filleted Accounts

31 March 2025

Frattro Limited
Registered number:		02804536
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		9,236,637			7,364,953

Current assets
Debtors	4	1,273,316			1,262,316
Cash at bank and in hand		197,921			73,379
		1,471,237			1,335,695

Creditors: amounts falling due within one year	5	(76,017)			(65,651)

Net current assets			1,395,220			1,270,044

Total assets less current liabilities			10,631,857			8,634,997

Creditors: amounts falling due after more than one year	6		(4,337,508)			(4,215,145)



Net assets			6,294,349			4,419,852

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		5,357,000			3,482,000
Profit and loss account			937,249			937,752

Shareholders' funds			6,294,349			4,419,852

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Tropea
Director
Approved by the board on 9 December 2025

Frattro Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment			25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	7,351,691		222,457		7,244		7,581,392
	Surplus on revaluation	1,875,000		-		-		1,875,000
	At 31 March 2025	9,226,691		222,457		7,244		9,456,392

	Depreciation
	At 1 April 2024	-		209,195		7,244		216,439
	Charge for the year	-		3,316		-		3,316
	At 31 March 2025	-		212,511		7,244		219,755

	Net book value
	At 31 March 2025	9,226,691		9,946		-		9,236,637
	At 31 March 2024	7,351,691		13,262		-		7,364,953


4	Debtors					2025		2024
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					1,273,316		1,262,316


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

	Taxation and social security costs					2,968		2,968
	Other creditors					73,049		62,683
						76,017		65,651


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					4,337,508		4,215,145


7	Revaluation reserve					2025		2024
£							£

	At 1 April 2024					3,482,000		3,482,000
	Gain on revaluation of land and buildings					1,875,000		-

	At 31 March 2025					5,357,000		3,482,000


8	Controlling party

	The company is controlled by Paul Tropea, Aurora Tropea, Frank Tropea and Maria Tropea on the basis that they together with associates hold 100% of the issued share capital.


9	Other information

	Frattro Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Pennyweights
	Kenley
	CR8 5HB