Founders Properties Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 01779264

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		30,513		29,253
Investment Properties	5		5,365,000		5,365,000

			5,395,513		5,394,253
CURRENT ASSETS
Debtors	6	44,473		43,495
Cash at bank and in hand		16,247		324,679

		60,720		368,174
Creditors: Amounts Falling Due Within One Year	7	(339,686 )		(656,093 )

NET CURRENT ASSETS (LIABILITIES)			(278,966 )		(287,919 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,116,547		5,106,334

NET ASSETS			5,116,547		5,106,334

CAPITAL AND RESERVES
Called up share capital			350,000		350,000
Fair value reserve			3,727,014		3,727,014
Profit and Loss Account			1,039,533		1,029,320

SHAREHOLDERS' FUNDS			5,116,547		5,106,334

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Founders Properties Limited

Balance Sheet (continued)

As At 31 October 2025

For the 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.

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:

Revd N K Stephenson

Director

The notes on pages 4 to 7 form part of these financial statements.

	Share Capital	Fair value reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 November 2023	350,000	6,286,827	1,129,418	7,766,245
Loss for the year and total comprehensive income	-	-	(2,659,911 )	(2,659,911)

Transfer to/from Fair value reserve	-	-	2,559,813	2,559,813
Transfer to/from Profit & Loss Account	-	(2,559,813 )	-	(2,559,813)

As at 31 October 2024 and 1 November 2024	350,000	3,727,014	1,029,320	5,106,334


Profit for the year and total comprehensive income	-	-	10,213	10,213

As at 31 October 2025	350,000	3,727,014	1,039,533	5,116,547

1. General Information

Founders Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01779264 . The registered office is Founders Hall, Cloth Fair, London, EC1A 7JQ.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Going Concern Disclosure

At 31 October 2025 the company had net current liabilities of £278,966 (2024 - £287,919). The directors have assessed the ability of the company to continue as a going concern, taking in to account current and forecast trading levels and cashflow requirements, together with the fact that the Holding Company has undertaken not to demand repayment of the loans payable to them until the company is in the position to do so.

Accordingly, the company's management and Directors are of the opinion that the Company's liquidity resources available to the company are sufficient to continue the Company's operations as a going concern for at least 12 months from the financial statements' issuance date.

The company's management and Directors are also of the opinion that they are able to take such preventative measures as needed to maintain going concern status in the event that future trading levels and cashflow requirements differ materially from forecasts.

The financial statements make no provision for any adjustment should the going concern basis not be appropriate.

2.3. Significant judgements and estimations

A key area of estimation uncertainty is in relation to the fair value of the investment property held. However a professional valuation was sought in 2024 to mitigate any risk of inaccurate valuations.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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Founders Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Tangible Fixed Assets and Depreciation

Fixed assets are stated at cost and are depreciated over their estimated useful economic lives at the following annual rates:-

Fixtures & Fittings	20% on cost
Computer Equipment	33.33% on cost

At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Company policy is that items under the value of £1,500 are not capitalised and recognised as an expense.

2.6. Investment Properties

Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

2.7. Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2024: 2)

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Founders Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 November 2024	120,369	4,910	125,279
Additions	7,642	-	7,642

As at 31 October 2025	128,011	4,910	132,921

Depreciation
As at 1 November 2024	91,116	4,910	96,026
Provided during the period	6,382	-	6,382

As at 31 October 2025	97,498	4,910	102,408

Net Book Value
As at 31 October 2025	30,513	-	30,513

As at 1 November 2024	29,253	-	29,253

5. Investment Property

	2025
	£
Fair Value
As at 1 November 2024 and 31 October 2025	5,365,000

The directors commissioned a professional valuation of the property in 2024, which estimated its value at £5,365,000 (2024 - £5,365,000). The Directors believe the last professional valuation still reflects the fair value of the property.

The historical cost of the Freehold and Leasehold Land and Buildings were £2,840,553 of which £315,380 related to the cost of the land.

	2025	2024
	£	£
Cost	2,840,553	2,840,553

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,803	1,932
Other debtors	39,670	41,563

	44,473	43,495

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Founders Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	70,373	15,619
Amounts owed to group undertakings	234,447	622,106
Other creditors	34,866	18,368

	339,686	656,093

8. Related Party Transactions

Creditors due within one year include £284,847 (2024 - £622,106) due to The Worshipful Company of Founders, comprising amounts owed to group undertakings and trade creditors.

The loan is unsecured, interest free and repayable on demand.

During the year The Worshipful Company of Founders charged an admin fee to the company of £42,000 (2024 - £nil).

9. Ultimate Parent Undertaking and Controlling Party

The controlling party is the The Worshipful Company of Founders, who controls 100% of the shares of the Company.

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