Furness Commercial Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14650949 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

FURNESS COMMERCIAL PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Pullin

Miss H G Sanders

REGISTERED OFFICE:

92 Holbeck Park Avenue

Barrow-in-Furness

Cumbria

LA13 0SB

REGISTERED NUMBER:

14650949 (England and Wales)

BANKERS:

Santander UK plc

Sunderland

SR43 4FW

FIXED ASSETS

Tangible assets

4

12,672

16,301

Investment property

5

338,700

351,372

355,001

CURRENT ASSETS

Cash at bank

37,429

5,390

CREDITORS

Amounts falling due within one year

49,919

25,017

NET CURRENT LIABILITIES

(12,490

)

(19,627

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

338,882

335,374

CREDITORS

Amounts falling due after more than one
year

255,000

300,000

NET ASSETS

83,882

35,374

CAPITAL AND RESERVES

Called up share capital

6

2

Retained earnings

83,880

35,372

SHAREHOLDERS' FUNDS

83,882

35,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by:

Mr A Pullin - Director

1.	STATUTORY INFORMATION

Furness Commercial Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Investment property

The company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of investment properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties which is a departure from the Financial Reporting Standard 102 and from the Companies Act 2006.

The directors consider that their policy is necessary in order that the Financial Statements give a true and fair

view. Current values and changes in current values are of prime importance rather than the calculation of

systematic annual depreciation.

Rental income

Rental income in recognised in the profit and loss on the accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2025

20,390

Additions

599

At 28 February 2026

20,989

DEPRECIATION

At 1 March 2025

4,089

Charge for year

4,228

At 28 February 2026

8,317

NET BOOK VALUE

At 28 February 2026

12,672

At 28 February 2025

16,301

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 March 2025

and 28 February 2026

338,700

NET BOOK VALUE

At 28 February 2026

338,700

At 28 February 2025

338,700

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

2

Ordinary

£1

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 28th February 2026 Mr A Pullin and Miss H G Sanders, the directors of the company, had on an unsecured interest free basis advanced £290,136 (2025 £323,617) to the company.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Pullin and Miss H G Sanders.