Felgate Builders Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01913204

Felgate Builders Limited

Unaudited financial statements

31 October 2025

Felgate Builders Limited

Statement of financial position

31 October 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		710,160		710,608

Current assets

Debtors	6	973	848
Cash at bank and in hand		194,560	190,013
		---------	---------
		195,533	190,861

Creditors: Amounts falling due within one year	7	( 26,168)		( 29,267)
		---------		---------
Net current assets			169,365		161,594
			---------		---------
Total assets less current liabilities			879,525		872,202

Provisions

Taxation including deferred tax	( 106,738)	( 104,658)
	---------	---------
Net assets	772,787	767,544
	---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Revaluation reserve	372,280	372,280
Profit and loss account	399,507	394,264
	---------	---------
Shareholders funds	772,787	767,544
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Felgate Builders Limited

Statement of financial position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 14 April 2026 , and are signed on behalf of the board by:

A A Delaney

Director

Company registration number: 01913204

Felgate Builders Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The company's trading address during the year was Neyland House, 11 The Street, Barton Mills, Bury St Edmunds, Suffolk, IP28 6AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Judgements and key sources of estimation uncertainty

Significant judgements Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: Freehold investment property value This is reviewed annually by the director using a yield methodology and through consideration of recent sales in similar locations. This presents an inevitable degree of judgement involved in that the property value can only ultimately be reliably tested in the market itself.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

4. Employee numbers

The average number of employees during the year was 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 1 November 2024 and 31 October 2025	709,438	1,357	710,795
	---------	------	---------
Depreciation
At 1 November 2024	–	187	187
Charge for the year	–	448	448
	---------	------	---------
At 31 October 2025	–	635	635
	---------	------	---------
Carrying amount
At 31 October 2025	709,438	722	710,160
	---------	------	---------
At 31 October 2024	709,438	1,170	710,608
	---------	------	---------

Tangible assets held at valuation The fair value of the Company's investment property at 31 October 2025 has been determined by the directors. In arriving at this valuation, the directors considered market evidence of transaction prices for similar properties and other relevant market data available at the reporting date. The valuation has been made on an open market value basis and reflects the directors' assessment of fair value in light of current market conditions. The tangible fixed assets were revalued in March 2023 by the directors.

6. Debtors

	2025	2024
	£	£
Other debtors	973	848
	----	----

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	180	–
Social security and other taxes	2,393	2,394
Other creditors	23,595	26,873
	-------	-------
	26,168	29,267
	-------	-------