Company registration number 11368246 (England and Wales)
FOSTER PROPERTY HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
FOSTER PROPERTY HOLDINGS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
FOSTER PROPERTY HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Investment property
3
3,400,000
2,632,722
Current assets
Trade and other receivables
4
19,640
-
0
Cash and cash equivalents
183,549
97,980
203,189
97,980
Current liabilities
5
(2,564,111)
(2,294,037)
Net current liabilities
(2,360,922)
(2,196,057)
Total assets less current liabilities
1,039,078
436,665
Provisions for liabilities
(191,820)
-
Net assets
847,258
436,665
Equity
Called up share capital
200
200
Retained earnings
847,058
436,465
Total equity
847,258
436,665

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 May 2026 and are signed on its behalf by:
Mr B A Foster
Director
Company registration number 11368246 (England and Wales)
FOSTER PROPERTY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Foster Property Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 52a Rectory Road, West Bridgford, Nottingham, NG2 6BU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue is the amount of rent receivable by the company, excluding VAT and is attributable to the continuing activity of property investment. Turnover is recognised in the period to which it relates.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

FOSTER PROPERTY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
FOSTER PROPERTY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
3
Investment property
2025
£
Fair value
At 1 June 2024
2,632,722
Revaluations
767,278
At 31 May 2025
3,400,000

Investment property comprises a commercial rental property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors of the company on a fair value existing use basis.

4
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Other receivables
19,640
-
0
5
Current liabilities
2025
2024
£
£
Trade payables
2,083
1,415
Taxation and social security
-
0
31,786
Other payables
2,562,028
2,260,836
2,564,111
2,294,037
6
Operating lease commitments

Lessor

At the reporting end date the company had contracted with tenants m inimum lease payments of £314,167 (2024 - £444,167).

2025
2024
Future amounts receivable under operating leases:
£
£
Within 1 year
-
0
130,000
Years 2-5
-
0
314,167
Total commitments
-
0
444,167
2025-05-31 2024-06-01 false false false 26 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr B A Foster Mrs K L Foster 11368246 2024-06-01 2025-05-31 11368246 2025-05-31 11368246 2024-05-31 11368246 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 11368246 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11368246 core:CurrentFinancialInstruments 2025-05-31 11368246 core:CurrentFinancialInstruments 2024-05-31 11368246 core:ShareCapital 2025-05-31 11368246 core:ShareCapital 2024-05-31 11368246 core:RetainedEarningsAccumulatedLosses 2025-05-31 11368246 core:RetainedEarningsAccumulatedLosses 2024-05-31 11368246 bus:Director1 2024-06-01 2025-05-31 11368246 2023-06-01 2024-05-31 11368246 2024-05-31 11368246 core:WithinOneYear 2025-05-31 11368246 core:WithinOneYear 2024-05-31 11368246 core:BetweenTwoFiveYears 2025-05-31 11368246 core:BetweenTwoFiveYears 2024-05-31 11368246 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11368246 bus:FRS102 2024-06-01 2025-05-31 11368246 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 11368246 bus:Director2 2024-06-01 2025-05-31 11368246 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 11368246 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP