Registration number: 11633088

Station Approach Frome Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Station Approach Frome Ltd

(Registration number: 11633088)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	68,704	85,088
Investment property	5	1,608,664	1,608,664
		1,677,368	1,693,752
Current assets
Debtors	6	62,806	60,591
Cash at bank and in hand		34	2,094
		62,840	62,685
Creditors: Amounts falling due within one year	7	(992,547)	(1,029,065)
Net current liabilities		(929,707)	(966,380)
Total assets less current liabilities		747,661	727,372
Creditors: Amounts falling due after more than one year	7	-	(5,549)
Provisions for liabilities		(118,532)	(121,645)
Net assets		629,129	600,178
Capital and reserves
Called up share capital		8	8
Other reserves		449,667	449,667
Retained earnings		179,454	150,503
Shareholders' funds		629,129	600,178

For the financial year ending 31 October 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.

Station Approach Frome Ltd

(Registration number: 11633088)
Balance Sheet as at 31 October 2025

Approved and authorised by the Board on 10 April 2026 and signed on its behalf by:
 

......................................... R H Russell Director

Station Approach Frome Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
7a King Street
Frome
Somerset
BA11 1BH

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 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 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.

Station Approach Frome Ltd

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

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 and fittings	15% reducing balance
Office equipment	25% straight line method

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.

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.

Station Approach Frome Ltd

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Station Approach Frome Ltd

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Property improvements  £	Total £
Cost or valuation
At 1 November 2024	110,002	3,575	24,723	138,300
Additions	1,706	-	-	1,706
At 31 October 2025	111,708	3,575	24,723	140,006
Depreciation
At 1 November 2024	42,779	894	9,539	53,212
Charge for the year	11,239	670	6,181	18,090
At 31 October 2025	54,018	1,564	15,720	71,302
Net book value
At 31 October 2025	57,690	2,011	9,003	68,704
At 31 October 2024	67,223	2,681	15,184	85,088

5	Investment properties

	2025 £
At 1 November	1,608,664
At 31 October	1,608,664

6

Debtors

	2025 £	2024 £
Trade debtors	55,765	56,134
Other debtors	7,041	4,457
	62,806	60,591

Station Approach Frome Ltd

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

7

Creditors

Amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	5,520	9,108
Trade creditors		3,399	5,137
Taxation and social security		48,421	63,565
Other creditors		48,448	50,435
Loan from director(s)		886,759	900,820
		992,547	1,029,065

Amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	5,549

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	-	5,549

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,520	9,108