Company Registration No. 12861553 (England and Wales)
Fundamental Properties Ltd
Unaudited accounts
for the year ended 30 September 2025
Fundamental Properties Ltd
Unaudited accounts
Contents
Fundamental Properties Ltd
Company Information
for the year ended 30 September 2025
Company Number
12861553 (England and Wales)
Registered Office
214 Baker Street
Enfield
EN1 3JT
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JY
Fundamental Properties Ltd
Statement of financial position
as at 30 September 2025
Investment property
277,000
277,000
Cash at bank and in hand
7,685
4,566
Creditors: amounts falling due within one year
(34,369)
(31,433)
Net current liabilities
(25,657)
(26,367)
Total assets less current liabilities
251,343
250,633
Creditors: amounts falling due after more than one year
(169,930)
(169,930)
Provisions for liabilities
Deferred tax
(18,775)
(18,775)
Called up share capital
100
100
Revaluation reserve
58,739
58,739
Profit and loss account
3,799
3,089
Shareholders' funds
62,638
61,928
For the year ending 30 September 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 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 8 June 2026 and were signed on its behalf by
Miss G Dursun
Director
Company Registration No. 12861553
Fundamental Properties Ltd
Notes to the Accounts
for the year ended 30 September 2025
Fundamental Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12861553. The registered office is 214 Baker Street, Enfield, EN1 3JT, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 October 2024
277,000
At 30 September 2025
277,000
Amounts falling due within one year
Accrued income and prepayments
329
-
Fundamental Properties Ltd
Notes to the Accounts
for the year ended 30 September 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
167
457
Loans from directors
29,997
29,997
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
169,930
169,930
The loan is secured by fixed and floating charges dated 4 December 2020 over the assets held by the company.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within other creditors is an amount of £29,997 (2024: £29,997) due to its director. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).