Registered number
13940883
FRERES INVESTMENT LIMITED
Unaudited Filleted Accounts
28 February 2025

FRERES INVESTMENT LIMITED
Registered number: | 13940883
Balance Sheet
as at 28 February 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Investments | 3 |  |  | 658,805 |  |  | 639,926
Current assets
Debtors | 4 |  | 3,090 |  |  | -
Cash at bank and in hand |  |  | 713 |  |  | 48
|  |  | 3,803 |  |  | 48
Creditors: amounts falling due within one year | 5 |  | (260,993) |  |  | (231,512)
Net current liabilities |  |  |  | (257,190) |  |  | (231,464)
Total assets less current liabilities |  |  |  | 401,615 |  |  | 408,462
Creditors: amounts falling due after more than one year | 6 |  |  | (463,429) |  |  | (456,870)
Net liabilities |  |  |  | (61,814) |  |  | (48,408)
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | (61,914) |  |  | (48,508)
Shareholder's funds |  |  |  | (61,814) |  |  | (48,408)
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 his 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.
Elif Anush
Director
Approved by the board on 12 March 2026

FRERES INVESTMENT LIMITED
Notes to the Accounts
for the year ended 28 February 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 rent received or receivable.
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| 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.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Investments
Other
investments
£
| Cost
| At 1 March 2024 | 639,926
| Additions | 18,879
| At 28 February 2025 | 658,805
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 3,090 |  | -
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other creditors | 260,993 |  | 231,512
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 463,429 |  | 456,870
7 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Secured bank loans | 463,429 |  | 456,870
| The bank loan is secured against the investment properties.
8 | Other information
| FRERES INVESTMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| Flat 52
| Bateman House, Otto Street
| London
| England
| SE17 3PF

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