Falmouth Liner Freehold Limited 14208906 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is residential property management Digita Accounts Production Advanced 6.30.9574.0 true 14208906 2025-01-01 2025-12-31 14208906 2025-12-31 14208906 core:CurrentFinancialInstruments 2025-12-31 14208906 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 14208906 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 14208906 bus:SmallEntities 2025-01-01 2025-12-31 14208906 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 14208906 bus:FilletedAccounts 2025-01-01 2025-12-31 14208906 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 14208906 bus:RegisteredOffice 2025-01-01 2025-12-31 14208906 bus:Director1 2025-01-01 2025-12-31 14208906 bus:Director3 2025-01-01 2025-12-31 14208906 bus:Director4 2025-01-01 2025-12-31 14208906 bus:Director5 2025-01-01 2025-12-31 14208906 bus:Director7 2025-01-01 2025-12-31 14208906 bus:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 14208906 bus:Agent1 2025-01-01 2025-12-31 14208906 core:LandBuildings 2025-01-01 2025-12-31 14208906 countries:EnglandWales 2025-01-01 2025-12-31 14208906 2024-01-01 2024-12-31 14208906 2024-12-31 14208906 core:CurrentFinancialInstruments 2024-12-31 14208906 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 14208906 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 iso4217:GBP xbrli:pure

Registration number: 14208906

Falmouth Liner Freehold Limited
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Falmouth Liner Freehold Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 4

Falmouth Liner Freehold Limited

Company Information

Directors | M A Nunney L Surguy A N Pitt M Gleaves D Kolitz

Registered office | 2 Toomers Wharf, Canal Walk Newbury Berkshire RG14 1DY

Accountants | E.J. Business Consultants Ltd 2 Toomers Wharf Canal Walk Newbury Berkshire RG14 1DY

Falmouth Liner Freehold Limited

(Registration number: 14208906)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets |  | 336,872 | 336,872
Current assets |  |  |
Debtors |  | 1,595 | 750
Cash at bank and in hand |  | 4,170 | 2,654
|  | 5,765 | 3,404
Creditors: Amounts falling due within one year |  | (844) | (1,563)
Net current assets |  | 4,921 | 1,841
Total assets less current liabilities |  | 341,793 | 338,713
Creditors: Amounts falling due after more than one year |  | (152,009) | (149,009)
Net assets |  | 189,784 | 189,704
Reserves |  |  |
Other reserves |  | 181,391 | 181,391
Retained earnings |  | 8,393 | 8,313
Surplus |  | 189,784 | 189,704

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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 17 April 2026 and signed on its behalf by:

......................................... D Kolitz Director

Falmouth Liner Freehold Limited

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

1 | 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 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.

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
Freehold property | not depreciated

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.

Falmouth Liner Freehold Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).