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Registration number: 10895078

FMP Rentals 1 Limited
Unaudited Filleted Financial Statements
for the Period from 28 January 2024 to 26 January 2025

FMP Rentals 1 Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

FMP Rentals 1 Limited

(Registration number: 10895078)
Balance Sheet as at 26 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 302 | 402
Investment property | 5 | 222,480 | 222,480
|  | 222,782 | 222,882
Current assets |  |  |
Debtors | 6 | 44,322 | 38,200
Cash at bank and in hand |  | 702 | 1,026
|  | 45,024 | 39,226
Creditors: Amounts falling due within one year | 7 | (57,850) | (35,684)
Net current (liabilities)/assets |  | (12,826) | 3,542
Total assets less current liabilities |  | 209,956 | 226,424
Creditors: Amounts falling due after more than one year | 7 | (192,605) | (192,605)
Provisions for liabilities |  | (57) | (100)
Net assets |  | 17,294 | 33,719
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 17,194 | 33,619
Shareholders' funds |  | 17,294 | 33,719

For the financial period ending 26 January 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 period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 January 2026 and signed on its behalf by:

......................................... Mr D J McNeill Director

FMP Rentals 1 Limited

Notes to the Unaudited Financial Statements for the Period from 28 January 2024 to 26 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BB11 1JG

These financial statements were authorised for issue by the Board on 16 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the letting of properties or services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

FMP Rentals 1 Limited

Notes to the Unaudited Financial Statements for the Period from 28 January 2024 to 26 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% per annum reducing balance basis

Investment property

The company's property is held for long-term investment. Investment properties are accounted for in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), as follows:
No depreciation is provided in respect of investment properties. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the director considers that systematic annual depreciation would be inappropriate.
The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

FMP Rentals 1 Limited

Notes to the Unaudited Financial Statements for the Period from 28 January 2024 to 26 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2024 - 0).

FMP Rentals 1 Limited

Notes to the Unaudited Financial Statements for the Period from 28 January 2024 to 26 January 2025

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost
At 28 January 2024 | 2,323 | 2,323
At 26 January 2025 | 2,323 | 2,323
Depreciation
At 28 January 2024 | 1,921 | 1,921
Charge for the period | 100 | 100
At 26 January 2025 | 2,021 | 2,021
Carrying amount
At 26 January 2025 | 302 | 302
At 27 January 2024 | 402 | 402

5 | Investment properties

| 2025 £
At 28 January | 222,480
At 26 January | 222,480

There has been no valuation of investment property by an independent valuer.

6 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 10 | 43,422 | 38,200
Prepayments |  | 900 | -
|  | 44,322 | 38,200

FMP Rentals 1 Limited

Notes to the Unaudited Financial Statements for the Period from 28 January 2024 to 26 January 2025

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to related parties | 10 | 44,461 | 19,316
Taxation and social security |  | 11,459 | 9,288
Accruals and deferred income |  | 1,930 | 7,080
|  | 57,850 | 35,684

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 192,605 | 192,605

Creditors due after one year include bank loans which are secured of £192,605 (2024 - £192,605).

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 192,605 | 192,605

FMP Rentals 1 Limited

Notes to the Unaudited Financial Statements for the Period from 28 January 2024 to 26 January 2025

10 | Related party transactions

Transactions with directors

2024 | At 29 January 2023 £ | Repayments by director £ | At 27 January 2024 £
Ms K L Finnigan
Loans to director | 3,964 | (3,964) | -

Summary of transactions with other related parties

Finnigan-McNeill Properties (Lettings Agency) Limited
Finnigan-McNeill Properties (Sourcing) Limited
FMP Rentals Limited
FMP Rentals 2 Limited
The Finnigan-McNeill Property Group Limited

Income and receivables from related parties

2025 | Other related parties £
Amounts receivable from related party | 43,422

2024 | Other related parties £
Amounts receivable from related party | 38,200

Expenditure with and payables to related parties

2025 | Other related parties £
Management charges payable | 10,000
Amounts payable to related party | 44,461

2024 | Other related parties £
Management charges payable | 10,000
Amounts payable to related party | 19,316