Frances Investments Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: NI638019

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		925,100		848,250

			925,100		848,250
CURRENT ASSETS
Debtors	5	1,251,981		1,134,233
Cash at bank and in hand		253		67

		1,252,234		1,134,300
Creditors: Amounts Falling Due Within One Year	6	(2,200,519 )		(1,910,576 )

NET CURRENT ASSETS (LIABILITIES)			(948,285 )		(776,276 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(23,185 )		71,974

NET (LIABILITIES)/ASSETS			(23,185 )		71,974

CAPITAL AND RESERVES
Called up share capital	7		300,001		300,001
Profit and Loss Account			(323,186 )		(228,027 )

SHAREHOLDERS' FUNDS			(23,185)		71,974

For the 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 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.

On behalf of the board

Mr Bernard Eastwood

Director

29/05/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Frances Investments Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI638019 . The registered office is 2 Downshire Road, Holywood, Co. Down, BT18 9LU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Directors	2	2

	2	2

4. Investments

	Listed
	£
Cost or Valuation
As at 1 September 2024	848,250
Additions	76,850

As at 31 August 2025	925,100

Provision
As at 1 September 2024	-

As at 31 August 2025	-

...CONTINUED

Page 2

Page 3

Frances Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	925,100

As at 1 September 2024	848,250

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	1,251,981	1,134,233

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	703,107	776,531
Other creditors	392,484	227,549
Accruals and deferred income	14,391	15,009
Amounts owed to parent undertaking	1,090,537	891,487

	2,200,519	1,910,576

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	300,001	300,001

8. Related Party Transactions

The company is exempt from the requirements to disclose transactions with 100% group members in accordance with FRS 102.

9. Ultimate Controlling Party

The company's ultimate controlling party is Wirefox Holding Company by virtue of his ownership of 100% of the issued share capital in the company.