Fromedale Property Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03843380 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Fromedale Property Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Cole

Mrs S J Martin

REGISTERED OFFICE:

Shiplate Farm

Shiplate Road

Bleadon

Weston Super Mare

Somerset

BS24 0NY

REGISTERED NUMBER:

03843380 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

-

547

Investment property

5

180,000

203,983

180,000

204,530

CURRENT ASSETS

Stocks

6

1,714,445

1,647,718

Debtors

7

27,585

29,377

Cash at bank

2,345

485

1,744,375

1,677,580

CREDITORS

Amounts falling due within one year

8

1,537,063

1,647,929

NET CURRENT ASSETS

207,312

29,651

TOTAL ASSETS LESS CURRENT LIABILITIES

387,312

234,181

CREDITORS

Amounts falling due after more than one year

9

(350,000

)

(150,000

)

PROVISIONS FOR LIABILITIES

-

(104

)

NET ASSETS

37,312

84,077

CAPITAL AND RESERVES

Called up share capital

11

2

Fair value reserve

12

(23,983

)

-

Retained earnings

12

61,293

84,075

SHAREHOLDERS' FUNDS

37,312

84,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 15 January 2026 and were signed on its behalf by:

A Cole - Director

1.	STATUTORY INFORMATION

Fromedale Property Management Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 February 2024

399

1,248

1,647

Disposals

(399

)

(1,248

)

(1,647

)

At 31 January 2025

-

DEPRECIATION

At 1 February 2024

252

848

1,100

Eliminated on disposal

(252

)

(848

)

(1,100

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

147

400

547

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

203,983

Revaluations

(23,983

)

At 31 January 2025

180,000

NET BOOK VALUE

At 31 January 2025

180,000

At 31 January 2024

203,983

Fair value at 31 January 2025 is represented by:

£

Valuation in 2025

(23,983

)

Cost

203,983

180,000

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

31.1.25

31.1.24

£

Cost

203,983

Investment property was valued on an open market basis on 31 January 2025 by the directors .

6.

STOCKS

31.1.25

31.1.24

£

Work-in-progress

1,714,445

1,647,718

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

19,776

20,415

Amounts owed by group undertakings

3,573

Tax

2,954

2,326

Prepayments and accrued income

1,282

3,063

27,585

29,377

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade creditors

-

4,049

Tax

13,964

12,814

Other creditors

8,069

-

Directors' current accounts

1,514,261

1,631,066

Accruals and deferred income

769

-

1,537,063

1,647,929

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

Bank loans more 5 yr by instal

350,000

150,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

350,000

150,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

Bank loans

350,000

150,000

The loans to the company are secured on the properties to which they relate

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

2

Share capital 1

£1

2

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 February 2024

84,075

-

84,075

Deficit for the year

(46,765

)

(46,765

)

Investment property revalued i

n period

23,983

(23,983

)

-

At 31 January 2025

61,293

(23,983

)

37,310