Company Registration No. 00565036 (England and Wales)
R.G.Francis & Co (Ascot) Limited
Unaudited accounts
for the year ended 31 March 2026
R.G.Francis & Co (Ascot) Limited
Unaudited accounts
Contents
R.G.Francis & Co (Ascot) Limited
Statement of financial position
as at 31 March 2026
Investment property
755,000
755,000
Cash at bank and in hand
87,367
85,603
Creditors: amounts falling due within one year
(4,331)
(4,694)
Net current assets
83,290
81,374
Total assets less current liabilities
838,290
836,374
Provisions for liabilities
Deferred tax
(41,629)
(41,629)
Net assets
796,661
794,745
Called up share capital
270
270
Capital redemption reserve
230
230
Profit and loss account
796,161
794,245
Shareholders' funds
796,661
794,745
For the year ending 31 March 2026 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 May 2026 and were signed on its behalf by
Anna Drynan
Director
Company Registration No. 00565036
R.G.Francis & Co (Ascot) Limited
Notes to the Accounts
for the year ended 31 March 2026
R.G.Francis & Co (Ascot) Limited is a private company, limited by shares, registered in England and Wales, registration number 00565036. The registered office is 51 Shearwater Way, Seaton, East Devon, EX12 2FT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Rental income is recognised on an accruals basis. Deferred income is calculated as the proportion of rents invoiced to tenants relating to periods after the balance sheet date - this is shown under creditors: amounts falling due within one year.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2025
755,000
Investment property is shown at the most recent market valuation. This was valued by the director, Anna Drynan on 31 March 2026. The historical cost of the property at 31 March 2026 was £504,739 (2025: £504,739).
R.G.Francis & Co (Ascot) Limited
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
Accrued income and prepayments
254
315
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
2,982
3,375
Loans from directors
39
39
Allotted, called up and fully paid:
270 Ordinary shares of £1 each
270
270
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).