Registered number
13133239
First Action Properties Ltd
Filleted Accounts
31 January 2026

First Action Properties Ltd
Registered number: | 13133239
Balance Sheet
as at 31 January 2026
Notes |  |  | 2026 |  |  | 2025
£ | £
Fixed assets
Tangible assets | 3 |  |  | 130,000 |  |  | 120,000
Current assets
Debtors | 4 |  | - |  |  | 375
Cash at bank and in hand |  |  | 1,758 |  |  | 7,934
|  |  | 1,758 |  |  | 8,309
Creditors: amounts falling due within one year | 5 |  | (16,036) |  |  | (10,036)
Net current liabilities |  |  |  | (14,278) |  |  | (1,727)
Total assets less current liabilities |  |  |  | 115,722 |  |  | 118,273
Creditors: amounts falling due after more than one year | 6 |  |  | (88,394) |  |  | (88,394)
Provisions for liabilities |  |  |  | (9,508) |  |  | (7,608)
Net assets |  |  |  | 17,820 |  |  | 22,271
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Revaluation reserve | 8 |  |  | 40,535 |  |  | 32,435
Profit and loss account |  |  |  | (22,815) |  |  | (10,264)
Shareholders' funds |  |  |  | 17,820 |  |  | 22,271
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Raymond Pugh
Director
Approved by the board on 9 March 2026

First Action Properties Ltd
Notes to the Accounts
for the year ended 31 January 2026
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 represents the rental income received on the companys investment properties.
| 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.
| Investment properties
| Investment properties are initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in the statement of changes in equity.
2 | Employees | 2026 |  | 2025
Number | Number
| Average number of persons employed by the company | 4 |  | 4
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Investment properties
£
| Cost
| At 1 February 2025 | 120,000
| Additions | 10,000
| At 31 January 2026 | 130,000
| Depreciation
| At 31 January 2026 | -
| Net book value
| At 31 January 2026 | 130,000
| At 31 January 2025 | 120,000
| Freehold Investment Properties: | 2026 |  | 2025
£ | £
| Historical cost | 79,957 |  | 79,957
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 79,957 |  | 79,957
| The investment properties were valued at the year end by the directors.
4 | Debtors | 2026 |  | 2025
£ | £
| Trade debtors | - |  | 375
5 | Creditors: amounts falling due within one year | 2026 |  | 2025
£ | £
| Bank loans and overdrafts | 3,708 |  | 3,708
| Directors loan account | 11,698 |  | 5,698
| Other creditors | 630 |  | 630
|  |  |  |  |  | 16,036 |  | 10,036
6 | Creditors: amounts falling due after one year | 2026 |  | 2025
£ | £
| Bank loans | 88,394 |  | 88,394
7 | Loans | 2026 |  | 2025
£ | £
| Creditors include:
| Instalments falling due for payment after more than five years | 73,562 |  | 73,562
| Secured bank loans | 92,102 |  | 92,102
| The mortgage liability is secured on the companys investment properties.
8 | Revaluation reserve | 2026 |  | 2025
£ | £
| At 1 February 2025 | 32,435 |  | 32,435
| Gain on revaluation of land and buildings | 10,000 |  | -
| Deferred taxation arising on the revaluation of land and buildings | (1,900) |  | -
| At 31 January 2026 | 40,535 |  | 32,435
9 | Other information
| First Action Properties Ltd is a private company limited by shares and incorporated in England & Wales. Its registered office is:
| 6 Llwyn Eithan
| Mornington Meadows
| Caerphilly
| Caerphilly
| CF83 3DW
10 | Controlling party
| The company is controlled by the directors who each own 25% of the issued share capital.
11 | Presentation currency
| The financial statements are presented in Sterling and rounded to the nearest £1.

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