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Registration number: 12248683

FC Developments SW Limited
Unaudited Filleted Financial Statements
for the Year Ended 29 August 2025

FC Developments SW Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 7

FC Developments SW Limited

(Registration number: 12248683)
Statement of Financial Position as at 29 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,605 | 2,139
Investment property | 5 | 1,829,657 | 1,307,649
|  | 1,831,262 | 1,309,788
Current assets |  |  |
Debtors | 6 | 3,726 | 1,780
Cash at bank and in hand |  | 13,949 | 8,608
|  | 17,675 | 10,388
Creditors: Amounts falling due within one year | 7 | (1,546,341) | (999,100)
Net current liabilities |  | (1,528,666) | (988,712)
Total assets less current liabilities |  | 302,596 | 321,076
Creditors: Amounts falling due after more than one year | 7 | (305,085) | (319,271)
Provisions for liabilities |  | - | (20)
Net (liabilities)/assets |  | (2,489) | 1,785
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | (2,589) | 1,685
Shareholders' (deficit)/funds |  | (2,489) | 1,785

For the financial year ending 29 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 7 April 2026

V Ferati Director

FC Developments SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 August 2025

1 | General information

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

The address of its registered office is:
58 Lynwood Avenue
Plymouth
Devon
PL7 4SF

Principal activity

The principal activity of the company is that of developing and letting of property.

2 | Accounting policies

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support from the company's director via Ferati Limited, a company owned wholly by the director.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets as current assets.
The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

FC Developments SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 August 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:

FC Developments SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 August 2025 (continued)

2 | Accounting policies (continued)

Asset class | Depreciation method and rate
Plant, machinery and equipment | 25% reducing balance

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. The director will undertake an annual review of the asset market value and if he becomes aware of any significant change he will obtain a professional valuation at the next year end.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term, highly-liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

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

FC Developments SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 August 2025 (continued)

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 30 August 2024 | 2,823 | 2,823
At 29 August 2025 | 2,823 | 2,823
Depreciation
At 30 August 2024 | 684 | 684
Charge for the year | 534 | 534
At 29 August 2025 | 1,218 | 1,218
Carrying amount
At 29 August 2025 | 1,605 | 1,605
At 29 August 2024 | 2,139 | 2,139

5 | Investment properties

| 2025 £ | 2024 £
At 30 August | 1,307,649 | 1,288,862
Additions | 522,008 | 21,266
Transfers to and from fixed assets | - | (2,479)
At 29 August | 1,829,657 | 1,307,649

There has been no valuation of investment property by an independent valuer.

6 | Debtors

| Note | 2025 £ | 2024 £
Other debtors |  | 1,780 | 1,780
Prepayments |  | 1,500 | -
Income tax asset |  | 446 | -
|  | 3,726 | 1,780

FC Developments SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 August 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Loans and borrowings | 14,000 | 6,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 1,424,193 | 896,340
Taxation and social security | - | 746
Accruals and deferred income | 1,918 | 5,904
Other creditors | 106,230 | 90,110
| 1,546,341 | 999,100

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Loans and borrowings | 305,085 | 319,271

The bank loan is secured on another investment property within the company.
In December 2025, the Company entered into a new financing agreement and granted a fixed charge over additional assets in favour of Aldermore Bank PLC to secure a loan facility. This event does not impact the financial position of the company at 29 August 2025 but is disclosed for informational purposes.

Included within creditors amounts falling due after more than one year above are amounts of £249,085 (2024 - £295,271) falling due 5 years from the reporting date.

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

FC Developments SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 August 2025 (continued)

9 | Related party transactions

Loans to related parties

2025 | Ferati Limited £ | Total £
At start of period | 896,340 | 896,340
Advanced | 527,853 | 527,853
At end of period | 1,424,193 | 1,424,193

2024 | Ferati Limited £ | Total £
At start of period | 896,340 | 896,340
At end of period | 896,340 | 896,340

During previous years Ferati Limited, a company owned wholly by the director, made loans to FC Developments SW Limited. The amount outstanding as at 31 August 2025 is £1,424,193 (2024 : £896,340). The loan is interest free and repayable on demand.