Registered number
11259519
FIR TREE PROPERTY LTD
Filleted Accounts
30 April 2025

FIR TREE PROPERTY LTD
Registered number: | 11259519
Balance Sheet
as at 30 April 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 590,000 |  |  | 590,000
Current assets
Debtors | 4 |  | 18,275 |  |  | 16,675
Cash at bank and in hand |  |  | 7,622 |  |  | 4,317
|  |  | 25,897 |  |  | 20,992
Creditors: amounts falling due within one year | 5 |  | (104,497) |  |  | (102,916)
Net current liabilities |  |  |  | (78,600) |  |  | (81,924)
Total assets less current liabilities |  |  |  | 511,400 |  |  | 508,076
Creditors: amounts falling due after more than one year | 6 |  |  | (375,442) |  |  | (372,841)
Provisions for liabilities |  |  |  | (25,653) |  |  | (25,653)
Net assets |  |  |  | 110,305 |  |  | 109,582
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Revaluation reserve | 7 |  |  | 109,363 |  |  | 109,363
Profit and loss account |  |  |  | 842 |  |  | 119
Shareholder's funds |  |  |  | 110,305 |  |  | 109,582
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Sudha Goyal
Director
Approved by the board on 19 January 2026

FIR TREE PROPERTY LTD
Notes to the Accounts
for the year ended 30 April 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:
| Freehold land and buildings | NIL
| Investment property
| Investment property is revalued annually for the fair value and the surplus or deficit is transferred to profit and loss account. No depreciation is provided in respect of investment property.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 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.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 1
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 May 2024 | 590,000
| At 30 April 2025 | 590,000
| Depreciation
| At 30 April 2025 | -
| Net book value
| At 30 April 2025 | 590,000
| At 30 April 2024 | 590,000
| The freehold property have been revalued by the director as at balance sheet date and she consider that the fair value of the property is in the region of £590,000.
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 18,275 |  | 16,675
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 6,210 |  | 13,771
| Trade creditors | 720 |  | -
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 69,757 |  | 65,000
| Taxation and social security costs | - |  | 1,425
| Other creditors | 810 |  | 720
| Director's loan account | 27,000 |  | 22,000
|  |  |  |  |  | 104,497 |  | 102,916
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 375,442 |  | 372,841
| The bank loan has been secured against the property owned by the company.
7 | Revaluation reserve | 2025 |  | 2024
£ | £
| At 1 May 2024 | 109,363 |  | 109,363
| At 30 April 2025 | 109,363 |  | 109,363
8 | Related party transactions
| The company has taken advantage of the exemption provided under Financial Reporting Standard 102 not to disclose transaction or balances within other 100% member of the group.
9 | Controlling party
| The company is under the control of 99 Acre Limited, by virtue of its shareholding in the issued share capital of the company.
10 | Other information
| FIR TREE PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
| 18 Cedar Avenue
| Ruislip
| HA4 6UH

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