First Regional Accounting Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Page 1

Page 2

Balance Sheet

As At 31 July 2025

Balance Sheet

Registered number: 09133841

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		532,549		608,977

			532,549		608,977
CURRENT ASSETS
Debtors	5	263,000		278,042
Cash at bank and in hand		88,716		50,551

		351,716		328,593
Creditors: Amounts Falling Due Within One Year	6	(539,873 )		(15,924 )

NET CURRENT ASSETS (LIABILITIES)			(188,157 )		312,669

TOTAL ASSETS LESS CURRENT LIABILITIES			344,392		921,646

Creditors: Amounts Falling Due After More Than One Year	7		-		(617,373 )

NET ASSETS			344,392		304,273

CAPITAL AND RESERVES
Called up share capital			25,000		25,000
Profit and Loss Account			319,392		279,273

SHAREHOLDERS' FUNDS			344,392		304,273

Page 2

Page 3

First Regional Accounting Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 27 April 2026 and were signed on its behalf by:

C Cowley Director	M Peters Director
27 April 2026

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

First Regional Accounting Limited

Notes to the Financial Statements

For The Year Ended 31 July 2025

Notes to the Financial Statements

1. General Information

First Regional Accounting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09133841 . The registered office is Parkgates, Bury New Road, Prestwich, Manchester, M25 0JW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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).

2.2. Turnover

Turnover represents the amounts (excluding VAT) derived from Partnership, Investment and Consultancy Activities in the year.

2.3. Tangible Fixed Assets and Depreciation

Investments

The Principal investment is maintained at cost, including the Goodwill element plus or minus any change in its Net Tangible Assets since acquisition. The Goodwill element has not been amortised as the Directors, in consultation with the Directors of the Invested Company, review the value on an annual basis: should such review reveal a reduction in value, the deficit will be dealt with through the Profit and Loss Account. The investee company amortises Goodwill over twenty years from the date of its acquisition.

2.4. Foreign Currencies

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses are included in the profit & loss account.

3. Average Number of Employees

During the year, the company had no employees other than the directors 3 (2024: 3)

4. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost or Valuation
As at 1 August 2024	503,248	165,719	668,967
Additions	52,000	-	52,000
Disposals	(52,736 )	(55,200 )	(107,936 )
Revaluations	(24,000 )	3,508	(20,492 )

As at 31 July 2025	478,512	114,027	592,539

...CONTINUED

Page 4

Page 5

First Regional Accounting Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

Provision
As at 1 August 2024	-	59,990	59,990

As at 31 July 2025	-	59,990	59,990

Net Book Value
As at 31 July 2025	478,512	54,037	532,549

As at 1 August 2024	503,248	105,729	608,977

Subsidiaries (Principal Investment):

The latest available accounts of Alexander Bursk Limited to 31st October 2024, showing the Net Assets, including amortised Goodwill, were £509,213 (2023: £509,136), and its profit for the year after amortisation and UK Corporation Tax recoverable, was £77 (2023: Loss £1,414).

Other investments:

In April 2021, Jolliffe Cork LLP (then 50% owned by the Company) disposed of its accounting business on deferred terms at approximately book value. The current balance of £54,549 is the remaining deferred consideration being progressively paid down.

5. Debtors

	2025	2024 as restated
	£	£
Due within one year
Investment sale proceeds	263,000	278,042

6. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Other creditors	539,873	5,000
Taxation and social security	-	10,924

	539,873	15,924

During the year, the Company repaid £82,500 (2024: £127,500) of the loan from the Parent Company, FR Accounting Group Limited to fund that Company's shareholder loan repayment.

The loans are unsecured and free of interest; repayment terms are yet to be agreed, but the Shareholder has confirmed that no withdrawal will be demanded that would cause disruption to the Company's current and anticipated activities.

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024 as restated
	£	£
Other creditors	-	617,373

Page 5

Page 6

First Regional Accounting Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Related Party Transactions

The Company's Parent Company is the principal loan creditor. Martin Peters controls EIS Professional Participations Limited.

9. Ultimate Controlling Party

100% of the issued share capital is owned by the Parent Company FR Accounting Group Limited, but the ultimate controlling parties of the Company are Sharon Pope and Martin Peters

Page 6

Directors	J S Peters
	C Cowley
	M Peters

Company Number	09133841

Registered Office	Parkgates
	Bury New Road
	Prestwich
	Manchester
	M25 0JW

Bankers	RBS International
	Douglas
	Isle of Man
	IM99 1AN