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Registration number: 15023220

Frame & Swift Property Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 4

Frame & Swift Property Limited

(Registration number: 15023220)
Abridged Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	3,777,385	19,208
Current assets
Debtors		189,805	57,250
Cash at bank and in hand		135,050	9,075
		324,855	66,325
Creditors: Amounts falling due within one year		(803,149)	(88,681)
Net current liabilities		(478,294)	(22,356)
Total assets less current liabilities		3,299,091	(3,148)
Creditors: Amounts falling due after more than one year	5	(3,439,246)	-
Provisions for liabilities		35,083	-
Net liabilities		(105,072)	(3,148)
Capital and reserves
Called up share capital		175	175
Profit and loss account		(105,247)	(3,323)
Total equity		(105,072)	(3,148)

For the financial year ending 31 August 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 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Frame & Swift Property Limited

(Registration number: 15023220)
Abridged Balance Sheet as at 31 August 2025

Approved and authorised by the Board on 28 May 2026 and signed on its behalf by:
 

Mr R G Anderton

Director

Mr J Watson

Director

Mr J B Place

Director

Mrs A J Wolfe

Director

Ms R J Tennant

Director

Mr M D Rook

Director

Mr S D Galloway

Director

Frame & Swift Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Veterinary Centre
Clydesdale House
Carleton Hill Road
Penrith
Cumbria
CA11 8WU

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's liabilities at 31 August 2025 £1,197,087 (2024 - £86,180) in total is owed to Frame & Swift Limited and Frame Swift and Partners LLP. The directors of Frame & Swift Property Limited are all directors of Frame & Swift Liimited and designated members of Frame Swift and Partners LLP. Frame & Swift Limited and Frame Swift and Partners LLP have no other directors or designated members.

The directors have agreed to not demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

The directors have considered a period of 12 months from the date of approval of the financial statements and consider it appropriate to prepare the financial statements on the going concern basis.

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company 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 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.

Frame & Swift Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

4	Investment properties

	2025 £
At 1 September 2024	19,208
Additions	3,758,177
At 31 August 2025	3,777,385