Company No: 12994716 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	S J Dawson
	I D Fern

REGISTERED OFFICE	Level 1 Brockbourne House
	77 Mount Ephraim
	Tunbridge Wells
	TN4 8BS
	United Kingdom

COMPANY NUMBER

12994716 (England and Wales)

ACCOUNTANT	S&W Partners (South East) Limited
	Brockbourne House
	77 Mount Ephraim
	Royal Tunbridge Wells
	TN4 8BS

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	1,436,465		1,301,971
		1,436,465		1,301,971
Current assets
Debtors	4	9,721		3,521
Cash at bank and in hand		43,301		23,027
		53,022		26,548
Creditors: amounts falling due within one year	5	( 290,899)		( 360,538)
Net current liabilities		(237,877)		(333,990)
Total assets less current liabilities		1,198,588		967,981
Creditors: amounts falling due after more than one year	6	( 1,236,801)		( 995,253)
Net liabilities		( 38,213)		( 27,272)
Capital and reserves
Called-up share capital		20		20
Profit and loss account		( 38,233 )		( 27,292 )
Total shareholders' deficit		( 38,213)		( 27,272)

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of FD Property Developments Limited (registered number: 12994716) were approved and authorised for issue by the Board of Directors on 06 July 2026. They were signed on its behalf by:

I. D. Fern Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

FD Property Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Level 1 Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, TN4 8BS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of FD Property Developments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The directors have assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval these financial statements. The directors note that the Company has net liabilities of £38,213 (2024: £27,272). The Company is supported through loans from the connected companies. The directors have received a confirmation that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the connected companies will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises revenue recognised by the Company in respect of rental income receivable, exclusive of Value Added Tax, in the ordinary course of business for properties owned by the Company.

Rental income is recognised as it becomes receivable in accordance with the tenancy agreement. where rental income is received in advance for a period which spans the year-end, that revenue is recognised as deferred income.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	1,301,971
Additions	134,494
As at 30 November 2025	1,436,465

The 2025 valuations were made by the directors, on an open market value for existing use basis.

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	11		11
Prepayments and accrued income	8,000		1,800
Corporation tax	1,710		1,710
	9,721		3,521

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	7,200		0
Amounts owed to connected companies	184,498		259,150
Amounts owed to directors	87,500		87,500
Accruals	11,701		13,888
	290,899		360,538

The amounts owed to connected companies are secured by way of a First Legal Charge over the Company's freehold investment properties.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to connected companies	1,236,801		995,253

The amounts owed to connected companies are secured by way of a First Legal Charge over the Company's freehold investment properties.

7. Related party transactions

At the balance sheet date, the Company owed £1,274,299 (2024: £1,157,403 ) to companies under common control. The loans are repayable over a period of 25 years and interest is charged at a rate of 1% above the Bank of England base rate. The loan balances have been included within current and long term creditors.

The company owed another connected company £147,000 (2024: £97,000) which is interest free and repayable on demand. This balance is included within current creditors.

At the balance sheet date and included in other creditors, the company owed the directors £87,500 (2024: £87,500). The loans are interest free and repayable on demand.