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REGISTERED NUMBER: 09256916 (England and Wales)

FPS PROPERTY MANAGEMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09256916)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

FPS PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr M M Palaci

| Mr N Poole

| REGISTERED OFFICE: | Units 1 & 5 Tower Estate

| Warpsgrove Lane

| Chalgrove

| Oxford

| Oxfordshire

| OX44 7XZ

| REGISTERED NUMBER: | 09256916 (England and Wales)

| AUDITORS: | Folkes Worton LLP

| Chartered Accountants and Statutory Auditor

| 15-17 Church Street

| Stourbridge

| West Midlands

| DY8 1LU

FPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09256916)

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,541 |  | 4,351 |  |

Investment property | 5 | 2,143,400 |  | 2,139,000 |  |

2,144,941 |  | 2,143,351 |  |

CURRENT ASSETS

Debtors | 6 | 1,687 |  | 27,087 |  |

Cash at bank and in hand | 37,201 |  | 11,668 |  |

38,888 |  | 38,755 |  |

CREDITORS

Amounts falling due within one year | 7 | 437,243 |  | 279,110 |  |

NET CURRENT LIABILITIES | (398,355 | ) | (240,355 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,746,586 |  | 1,902,996 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (286,769 | ) | (608,819 | ) |

PROVISIONS FOR LIABILITIES | 9 | (68,261 | ) | (64,678 | ) |

NET ASSETS | 1,391,556 |  | 1,229,499 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Share premium | 10 | 249,900 |  | 249,900 |  |

Retained earnings | 10 | 1,141,556 |  | 979,499 |  |

1,391,556 |  | 1,229,499 |  |

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 Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by:

Mr M M Palaci - Director

Mr N Poole - Director

FPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09256916)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| FPS Property Management 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

| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

| Going concern

| After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

| Turnover

| Turnover represents rent receivable and is recognised to the extent that it is probable that the economic benefits will flow to the company and that revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery |  | - |  | 20% on cost |  |

| Fixtures and fittings |  | - |  | 20% on cost |  |

| The gain or loss arising on the disposal of an asset is determined as the difference between the disposal proceeds and the carrying value of the asset and is credited or charged to the income statement.

| Investment property

| Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

FPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09256916)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts being presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Trade and other debtors, including accrued income, which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price and are subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors, are initially measured 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. Debt instruments are subsequently carried at amortised cost using the effective interest rate method.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

FPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09256916)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 5,825 |  | 9,545 |  | 15,370 |  |

| DEPRECIATION

| At 1 January 2025 | 4,924 |  | 6,095 |  | 11,019 |  |

| Charge for year | 901 |  | 1,909 |  | 2,810 |  |

| At 31 December 2025 | 5,825 |  | 8,004 |  | 13,829 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 1,541 |  | 1,541 |  |

| At 31 December 2024 | 901 |  | 3,450 |  | 4,351 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025 | 2,139,000 |  |

| Additions | 4,400 |  |

| At 31 December 2025 | 2,143,400 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,143,400 |  |

| At 31 December 2024 | 2,139,000 |  |

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2020 | 397,400 |  |

| Valuation in 2024 | (95,980 | ) |

| Cost | 1,841,980 |  |

2,143,400 |  |

| The Company has two investment properties. The fair value of both properties was arrived at on the basis of a valuation carried out by Marriotts, Commercial Property Surveyors, made on an open market value basis as at 30 January 2025.

| The original combined cost of the properties including subsequent improvements was £1,841,980.

FPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09256916)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 25,400 |  |

| Other debtors | 1,687 |  | 1,687 |  |

1,687 |  | 27,087 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 6,577 |  | 43,716 |  |

| Amounts owed to group undertakings | 192,892 |  | 185,355 |  |

| Taxation and social security | 39,339 |  | 25,604 |  |

| Other creditors | 198,435 |  | 24,435 |  |

437,243 |  | 279,110 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 286,769 |  | 441,819 |  |

| Other creditors | - |  | 167,000 |  |

286,769 |  | 608,819 |  |

| The amounts owed to group undertakings represents an unsecured loan received from the parent company which is repayable in instalments and carries interest of 4% per annum. The loan is repayable by September 2028.

| Other creditors comprises of an unsecured loan received from a connected company which carries interest of 4% per annum. The balance is due for repayment by December 2026.

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 5,259 |  | 1,676 |  |

| Fair value adjustment to investment property | 63,002 |  | 63,002 |  |

68,261 |  | 64,678 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 64,678 |  |

| Charge to Income Statement during year | 3,583 |  |

| Balance at 31 December 2025 | 68,261 |  |

FPS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 09256916)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

10. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 January 2025 | 979,499 |  | 249,900 |  | 1,229,399 |  |

| Profit for the year | 162,057 |  | 162,057 |  |

| At 31 December 2025 | 1,141,556 |  | 249,900 |  | 1,391,456 |  |

| Included within retained earnings are non-distributable reserves of £238,418 (2024 £238,418) relating to the restatement at fair value of investment properties.

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Nigel Meredith FCA (Senior Statutory Auditor)

| for and on behalf of Folkes Worton LLP

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| FNA UK (Compressors) Limited is 60% owned by the group. During the year, rent of £263,000 (2024 £254,000) was received from FNA UK (Compressors) Limited. At the statement of financial position date, the company owed the sum of £167,000 (2024 £167,000) to FNA UK (Compressors) Limited.

13. | ULTIMATE CONTROLLING PARTY

| The largest and smallest group for which consolidated financial statements are drawn up is headed by Crab Holding S.p.A. Group accounts can be obtained from 6 Via Einaudi,10070 Robassomero, Torino, Italy.