IRIS Accounts Production v25.4.12.37 07244426 director 1.6.24 31.5.25 31.5.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07244426 2024-05-31 07244426 2025-05-31 07244426 2024-06-01 2025-05-31 07244426 2023-05-31 07244426 2023-06-01 2024-05-31 07244426 2024-05-31 07244426 ns15:EnglandWales 2024-06-01 2025-05-31 07244426 ns14:PoundSterling 2024-06-01 2025-05-31 07244426 ns10:Director1 2024-06-01 2025-05-31 07244426 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07244426 ns10:SmallEntities 2024-06-01 2025-05-31 07244426 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 07244426 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 07244426 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 07244426 ns10:FullAccounts 2024-06-01 2025-05-31 07244426 ns10:CompanySecretary1 2024-06-01 2025-05-31 07244426 ns10:RegisteredOffice 2024-06-01 2025-05-31 07244426 ns5:CurrentFinancialInstruments 2025-05-31 07244426 ns5:CurrentFinancialInstruments 2024-05-31 07244426 ns5:Non-currentFinancialInstruments 2025-05-31 07244426 ns5:Non-currentFinancialInstruments 2024-05-31 07244426 ns5:ShareCapital 2025-05-31 07244426 ns5:ShareCapital 2024-05-31 07244426 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-05-31 07244426 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-05-31 07244426 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 07244426 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 07244426 ns5:PlantMachinery 2024-06-01 2025-05-31 07244426 ns5:PlantMachinery 2025-05-31 07244426 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 07244426 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 07244426 ns5:Secured 2025-05-31 07244426 ns5:Secured 2024-05-31 07244426 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-05-31

REGISTERED NUMBER: 07244426 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31st May 2025 |

| for |

| Firmsight Limited |

Firmsight Limited (Registered number: 07244426)

Contents of the Financial Statements

for the Year Ended 31st May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Firmsight Limited

Company Information

for the Year Ended 31st May 2025

| DIRECTOR: | Mrs K B Hall

| SECRETARY: |

| REGISTERED OFFICE: | Southcott

| Cricklade Street

| Poulton

| Cirencester

| Gloucestershire

| GL7 5HX

| REGISTERED NUMBER: | 07244426 (England and Wales)

| ACCOUNTANTS: | AMM Bookkeeping & Accountancy

| 4 Longlands

| West End Gardens

| Fairford

| Gloucestershire

| GL7 4LG

Firmsight Limited (Registered number: 07244426)

Balance Sheet

31st May 2025

| 31.5.25 |  | 31.5.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 669 |  | - |  |

Investment property | 5 | 1,400,000 |  | 1,350,000 |  |

1,400,669 |  | 1,350,000 |  |

CURRENT ASSETS

Debtors | 6 | 267 |  | 283 |  |

Cash at bank | 13,978 |  | 11,359 |  |

14,245 |  | 11,642 |  |

CREDITORS

Amounts falling due within one year | 7 | (260,278 | ) | (279,691 | ) |

NET CURRENT LIABILITIES | (246,033 | ) | (268,049 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,154,636 |  | 1,081,951 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (360,000 | ) | (360,000 | ) |

PROVISIONS FOR LIABILITIES | (136,058 | ) | (126,558 | ) |

NET ASSETS | 658,578 |  | 595,393 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Fair value reserve | 10 | 580,039 |  | 539,539 |  |

Retained earnings | 78,538 |  | 55,853 |  |

658,578 |  | 595,393 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Firmsight Limited (Registered number: 07244426)

Balance Sheet - continued

31st May 2025

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 director and authorised for issue on 16th February 2026 and were signed by:

Mrs K B Hall - Director

Firmsight Limited (Registered number: 07244426)

Notes to the Financial Statements

for the Year Ended 31st May 2025

1. | STATUTORY INFORMATION

| Firmsight 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.

| 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 is recognized at the fair value of the consideration received for the rental income.

| Tangible fixed assets

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

| Plant and machinery etc | - | 33% on cost

| Investment property

| The investment property is shown at its fair value as estimated by the director. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.

| 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 ) .

Firmsight Limited (Registered number: 07244426)

Notes to the Financial Statements - continued

for the Year Ended 31st May 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| Additions | 1,004 |  |

| At 31st May 2025 | 1,004 |  |

| DEPRECIATION

| Charge for year | 335 |  |

| At 31st May 2025 | 335 |  |

| NET BOOK VALUE

| At 31st May 2025 | 669 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st June 2024 | 1,350,000 |  |

| Revaluations | 50,000 |  |

| At 31st May 2025 | 1,400,000 |  |

| NET BOOK VALUE

| At 31st May 2025 | 1,400,000 |  |

| At 31st May 2024 | 1,350,000 |  |

| After professional valuations in 2023 and consideration of the market movements by the director, the investment properties have been valued at fair value by the director at the year end at £1,400,000 (2024: £1,350,000).

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Other debtors | 267 |  | 283 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade creditors | 25 |  | 25 |  |

| Taxation and social security | 5,164 |  | 4,985 |  |

| Other creditors | 255,089 |  | 274,681 |  |

260,278 |  | 279,691 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans | 360,000 |  | 360,000 |  |

Firmsight Limited (Registered number: 07244426)

Notes to the Financial Statements - continued

for the Year Ended 31st May 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans | 360,000 |  | 360,000 |  |

| Interest only bank loan secured on property owned by the company. The loan term completes on 15 May 2028.

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1st June 2024 | 539,539 |  |

| Transfer to/from fair value reserve from retained earnings | 40,500 |  |

| At 31st May 2025 | 580,039 |  |

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| Included in other creditors falling due within one year is £247,236 (2024: £265,478) owed to the director from the company. Although there are no formal repayment terms, the director has acknowledged that this would not be called on until there were sufficient funds available.