Fourays Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 11872031

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,232,956		1,231,757

			1,232,956		1,231,757
CURRENT ASSETS
Debtors	5	3,610		7,961
Cash at bank and in hand		49,028		1,258

		52,638		9,219
Creditors: Amounts Falling Due Within One Year	6	(67,635 )		(58,736 )

NET CURRENT ASSETS (LIABILITIES)			(14,997 )		(49,517 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,217,959		1,182,240

Creditors: Amounts Falling Due After More Than One Year	7		(1,100,743 )		(1,100,217 )

NET ASSETS			117,216		82,023

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			117,116		81,923

SHAREHOLDERS' FUNDS			117,216		82,023

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Fourays Ltd

Statement of Financial Position (continued)

As At 31 March 2026

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 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 Income Statement.

On behalf of the board

Mrs Ioanna Aphami

Director

26 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Fourays Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11872031 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Non depreciable
Computer Equipment	20% reducing balance

2.4. Investment Properties

Investment property comprises non-owner occupied buildings held to earn rentals and for capital appreciation.

All investment properties are carried at fair value. The fair value of the company's investment properties is determined annually at the reporting date by the directors. In determining the valuations, the directors refer to current market conditions and recent sales transactions of similar properties. In estimating the fair value of the properties, the highest and best use of the property is their current use. Investment property is not depreciated. Changes in fair value are recognised in the income statement.

2026 fair value of investment property: £1,231,757 (2025: £1,231,757)

Investment property is derecognised when disposed of, or when no future economic benefits are expected from the disposal. Any gain or loss arising on derecognition of the property is recognised in profit or loss in the period in which the property is derecognised.

2.5. Taxation

The tax expense represents the sum of the corporation tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Fourays Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

2.7. Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

2.8. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Investment Properties	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 April 2025	1,231,757	-	1,231,757
Additions	-	1,499	1,499

As at 31 March 2026	1,231,757	1,499	1,233,256

Depreciation
As at 1 April 2025	-	-	-
Provided during the period	-	300	300

As at 31 March 2026	-	300	300

Net Book Value
As at 31 March 2026	1,231,757	1,199	1,232,956

As at 1 April 2025	1,231,757	-	1,231,757

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Fourays Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,989	6,125
Prepayments and accrued income	1,621	1,836

	3,610	7,961

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	11,983	11,983
Corporation tax	9,706	4,267
Accruals and deferred income	5,732	2,787
Directors' loan accounts	40,214	39,699

	67,635	58,736

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	116,277	121,559
Other creditors	984,466	978,658

	1,100,743	1,100,217

Bank loans comprise a mortgage from National Westminster Bank Plc. This amount is secured on the investment properties and repayable with interest over 240 months.
The Other creditors balance of £984,466 (2025: £978,658) comprises the loan amount outstanding at the reporting date, received from shareholders. The amount owed is unsecured, interest-free, and has no fixed terms of repayment.

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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