The Fountain Property Trust Co Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 00329147 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025

FOR

THE FOUNTAIN PROPERTY TRUST CO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A E Hamer

Mrs E G Lambourne

T J Hamer

Mrs J L Hamer

D G C Zazzeroni

SECRETARY:

T J Hamer

REGISTERED OFFICE:

161 Adel Lane

Leeds

West Yorkshire

LS16 8BY

REGISTERED NUMBER:

00329147 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Tangible assets

4

956

400

Investments

5

633,359

648,941

Investment property

6

1,060,000

1,694,315

1,709,341

CURRENT ASSETS

Debtors

7

21,298

7,063

Cash at bank

23,153

95,496

44,451

102,559

CREDITORS

Amounts falling due within one year

8

229,666

248,466

NET CURRENT LIABILITIES

(185,215

)

(145,907

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,509,100

1,563,434

CREDITORS

Amounts falling due after more than
one year

9

(3,333

)

(11,333

)

PROVISIONS FOR LIABILITIES

(46,842

)

(58,331

)

NET ASSETS

1,458,925

1,493,770

CAPITAL AND RESERVES

Called up share capital

10

24,000

Fair value reserve

11

249,971

284,858

Retained earnings

1,184,954

1,184,912

SHAREHOLDERS' FUNDS

1,458,925

1,493,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd January 2026 and were signed on its behalf by:

T J Hamer - Director

1.	STATUTORY INFORMATION

The Fountain Property Trust Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the amount of rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

over 5 years

Investment property

Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. No depreciation is provided on investment properties.

Depreciation is not provided in respect of investment properties. This treatment is a departure from the Companies Act 2006 concerning the depreciation of fixed assets. However, such properties are not held for consumption but for investment and the directors consider systematic annual depreciation would be inappropriate and that this policy is necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the valuation and the amount which may otherwise have been shown cannot be separately identified or quantified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 6th April 2024

4,800

Additions

1,029

Disposals

(1,999

)

At 5th April 2025

3,830

DEPRECIATION

At 6th April 2024

4,400

Charge for year

299

Eliminated on disposal

(1,825

)

At 5th April 2025

2,874

NET BOOK VALUE

At 5th April 2025

956

At 5th April 2024

400

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 6th April 2024

648,941

Additions

1,203,199

Disposals

(1,235,760

)

Revaluations

16,979

At 5th April 2025

633,359

NET BOOK VALUE

At 5th April 2025

633,359

At 5th April 2024

648,941

Cost or valuation at 5th April 2025 is represented by:

Other

investment

£

Valuation in 2025

16,979

Cost

616,380

633,359

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6th April 2024

and 5th April 2025

1,060,000

NET BOOK VALUE

At 5th April 2025

1,060,000

At 5th April 2024

1,060,000

Fair value at 5th April 2025 is represented by:

£

Valuation in 2021

279,594

Cost

780,406

1,060,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

780,406

Aggregate depreciation

(275,711

)

(260,414

)

Investment property was valued on open market basis on 5th April 2025 by the directors. .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

8,901

7,063

Directors' current accounts

12,397

-

21,298

7,063

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

8,000

Tax

12,134

-

Social security and other taxes

1,426

1,203

Other creditors

98,953

83,436

Directors' current accounts

103,961

142,298

Accrued expenses

5,192

13,529

229,666

248,466

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

3,333

8,000

Bank loans - 2-5 years

-

3,333

11,333

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

24,000

Ordinary

£1

24,000

11.

RESERVES

Fair

value

reserve

£

At 6th April 2024

284,858

Fair value adjustment

(34,887

)

At 5th April 2025

249,971