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Registration number: 03736007

Filsar Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Filsar Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Filsar Limited

(Registration number: 03736007)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,369 | 2,961
Investment property | 5 | 26,000 | 26,000
|  | 28,369 | 28,961
Current assets |  |  |
Debtors | 6 | 835 | 642
Cash at bank and in hand |  | 20,426 | 21,891
|  | 21,261 | 22,533
Creditors: Amounts falling due within one year | 7 | (28,651) | (45,370)
Net current liabilities |  | (7,390) | (22,837)
Net assets |  | 20,979 | 6,124
Capital and reserves |  |  |
Called up share capital | 8 | 2,002 | 2,002
Retained earnings |  | 18,977 | 4,122
Shareholders' funds |  | 20,979 | 6,124

Filsar Limited

(Registration number: 03736007)
Balance Sheet as at 31 December 2025 (continued)

For the financial year 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 March 2026 and signed on its behalf by:

......................................... P N O Betts Director
......................................... Mrs S A Betts Company secretary and director

Filsar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
24 High Street
Chipping Sodbury
Bristol
BS37 6AH

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Filsar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, Fittings & Equipment | 20% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Recognition and measurement
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Impairment
Financial assets and liabilities are offset, with the net amounts 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.

Filsar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 2).

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 January 2025 | 5,235 | 5,235
At 31 December 2025 | 5,235 | 5,235
Depreciation
At 1 January 2025 | 2,274 | 2,274
Charge for the year | 592 | 592
At 31 December 2025 | 2,866 | 2,866
Carrying amount
At 31 December 2025 | 2,369 | 2,369
At 31 December 2024 | 2,961 | 2,961

5 | Investment properties

| 2025 £
At 1 January | 26,000
At 31 December | 26,000

The directors are satisfied that the value of the Investment Property of £26,000 represents the fair value of the property at the balance sheet date.

Filsar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6 | Debtors

| 2025 £ | 2024 £
Other debtors | 285 | 92
Prepayments | 550 | 550
| 835 | 642

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 635 | 278
Taxation and social security | - | 574
Accruals and deferred income | 2,215 | 2,215
Other creditors | 25,801 | 42,303
| 28,651 | 45,370

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1,002 | 1,002 | 1,002 | 1,002
Ordinary A of £1 each | 1,000 | 1,000 | 1,000 | 1,000
| 2,002 | 2,002 | 2,002 | 2,002

9 | Related party transactions

Other transactions with directors

Other creditors includes a loan payable to the directors, amounting to £25,801 (2024 : £42,303).