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Company No: 10003602 (England and Wales)

# FRANKLIN BATES INVESTMENTS LIMITED

### Unaudited Financial Statements
For the financial period from 01 July 2024 to 31 December 2025
Pages for filing with the registrar

FRANKLIN BATES INVESTMENTS LIMITED

## Unaudited Financial Statements

For the financial period from 01 July 2024 to 31 December 2025

Contents

FRANKLIN BATES INVESTMENTS LIMITED

## COMPANY INFORMATION

For the financial period from 01 July 2024 to 31 December 2025
FRANKLIN BATES INVESTMENTS LIMITED

## COMPANY INFORMATION (continued)

For the financial period from 01 July 2024 to 31 December 2025

DIRECTORS | Mr. A. Mauree
| Mr. S. Voice

REGISTERED OFFICE | Mudhall Cottage Winterbourne Road
| Boxford
| Newbury
| RG20 8AY
| United Kingdom

COMPANY NUMBER | 10003602 (England and Wales)

ACCOUNTANT | Verallo
| Century House
| Wargrave Road
| Henley-on-Thames
| Oxfordshire
| United Kingdom
| RG9 2LT

FRANKLIN BATES INVESTMENTS LIMITED

## BALANCE SHEET

As at 31 December 2025
FRANKLIN BATES INVESTMENTS LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 31.12.2025 |  | 30.06.2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 4 | 0 |  | 350,000
|  | 0 |  | 350,000
Current assets |  |  |  |
Debtors | 5 | 0 |  | 195
Cash at bank and in hand |  | 0 |  | 1,263
|  | 0 |  | 1,458
Creditors: amounts falling due within one year | 6 | 0 |  | ( 173,414)
Net current liabilities |  | 0 |  | (171,956)
Total assets less current liabilities |  | 0 |  | 178,044
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 232,190)
Net liabilities |  | 0 |  | ( 54,146)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 20 |  | 20
Fair value reserve |  | 0 |  | ( 14,551 )
Profit and loss account |  | ( 20 ) |  | ( 39,615 )
Total shareholders' deficit |  | 0 |  | ( 54,146)

For the financial period ending 31 December 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 financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Franklin Bates Investments Limited (registered number: 10003602) were approved and authorised for issue by the Board of Directors on 10 February 2026. They were signed on its behalf by:

Mr. S. Voice Director |

FRANKLIN BATES INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2024 to 31 December 2025
FRANKLIN BATES INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2024 to 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Franklin Bates Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mudhall Cottage Winterbourne Road, Boxford, Newbury, RG20 8AY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The company ceased to trade in October 2025. The financial statements have therefore not been prepared on a going concern basis. The directors deem it appropriate to report the financial statements on a break up basis rather than a going concern basis. The company will be supported by it's directors who have agreed to meet any liabilities as they fall due until the company is liquidated.

##### Reporting period length

The company has prepared financial statements for a period greater than one year due to it being the company's last trading period. Therefore, the figures are not entirely comparable.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental income in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Derivative financial instruments
The Company uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The Company does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in the Profit and Loss Account immediately.
The Company does not apply hedge accounting.

#### 2. Employees

| Period from 01.07.2024 to 31.12.2025 |  | Year ended 30.06.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including directors | 0 |  | 0

#### 3. Tangible assets

| Plant and machinery |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 2,721 |  | 2,721
Disposals | ( 2,721) |  | ( 2,721)
At 31 December 2025 | 0 |  | 0
Accumulated depreciation |  |  |
At 01 July 2024 | 2,721 |  | 2,721
Disposals | ( 2,721) |  | ( 2,721)
At 31 December 2025 | 0 |  | 0
Net book value |  |  |
At 31 December 2025 | 0 |  | 0
At 30 June 2024 | 0 |  | 0

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 350,000
Disposals | (350,000)
As at 31 December 2025 | 0

The directors confirmed that at the balance sheet date the property valuation is a fair reflection of market values.
The investment property has a historical cost of £nil (20243 - £364,551).

#### 5. Debtors

| 31.12.2025 |  | 30.06.2024
| £ |  | £
Other debtors | 0 |  | 195

#### 6. Creditors: amounts falling due within one year

| 31.12.2025 |  | 30.06.2024
| £ |  | £
Trade creditors | 0 |  | 176
Amounts owed to related parties | 0 |  | 173,238
| 0 |  | 173,414

#### 7. Creditors: amounts falling due after more than one year

| 31.12.2025 |  | 30.06.2024
| £ |  | £
Bank loans | 0 |  | 232,190

The long-term loans are secured by fixed charges over the assets to which they relate.

#### 8. Called-up share capital

| 31.12.2025 |  | 30.06.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
20 Ordinary shares of £ 1.00 each | 20 |  | 20

#### 9. Related party transactions

At the beginning of the period, the company owed £173,238 to a company under common control of the directors. Throughout the period £90,422 was repaid and £82,816 was written off as irrecoverable. At the balance sheet date, the balance was £nil.