REGISTERED NUMBER: 00350470 (England and Wales)

F.B. MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mr J D Pimblett

Ms F V Wharton

Secretary:

Ms F V Wharton

Registered office:

19 Ladysmith Avenue

Brightlingsea

Colchester

Essex

CO7 0JD

Registered number:

00350470 (England and Wales)

Accountants:

Chanter, Browne & Curry

1 Plato Place

72-74 St Dionis Road

Fulham

London

SW6 4TU

Fixed assets

Investments

4

296,225

299,417

Investment property

5

1,677,000

1,677,000

1,973,225

1,976,417

Current assets

Debtors

6

34,952

9,552

Cash at bank

74,861

78,864

109,813

88,416

Creditors

Amounts falling due within one year

7

178,473

160,941

Net current liabilities

(68,660

)

(72,525

)

Total assets less current liabilities

1,904,565

1,903,892

Creditors

Amounts falling due after more than one year

8

(2,100

)

(2,100

)

Provisions for liabilities

(304,000

)

(304,000

)

Net assets

1,598,465

1,597,792

Capital and reserves

Called up share capital

3,000

3,000

Fair value reserve

9

1,423,851

1,459,395

Retained earnings

9

171,614

135,397

1,598,465

1,597,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

Mr J D Pimblett - Director

Ms F V Wharton - Director

1.	Statutory information

F.B. Motors 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable for the year, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities are shown as 'provisions for liabilities' on the balance sheet.

Fixed asset investments

Investments in quoted shares are included in the balance sheet at fair value. Realised gains and losses and fair value adjustments are recognised in the income statement.

3.	Employees and directors

The average number of employees during the year was 1 (2025 - 1 ) .

4.	Fixed asset investments

Other

investments

£

Cost or valuation

At 1 April 2025

299,417

Disposals

(38,736

)

Revaluations

35,544

At 31 March 2026

296,225

Net book value

At 31 March 2026

296,225

At 31 March 2025

299,417

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2026

296,225

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

307,837

307,837

The fixed asset investments were valued on an open market basis on 31 March 2026 by Charles Stanley & Co. Limited .

5.	Investment property

Total

£

Fair value

At 1 April 2025

and 31 March 2026

1,677,000

Net book value

At 31 March 2026

1,677,000

At 31 March 2025

1,677,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

1,677,000

If the investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

4,440

4,440

The investment property was valued on an open market basis on 31 March 2026 by the directors .

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

14,124

-

Other debtors

20,828

9,552

34,952

9,552

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

119

-

Taxation and social security

31,659

27,231

Other creditors

146,695

133,710

178,473

160,941

Other creditors includes £46,979 owing to FC Bull Will Trust. The loan is unsecured, interest free, and has no set repayment date. The trustees of FC Bull Will Trust have a controlling interest in the company's shares.

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Other creditors

2,100

2,100

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

2,100

2,100

9.

Reserves

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2025

135,397

1,459,395

1,594,792

Profit for the year

106,673

-

106,673

Dividends

(106,000

)

-

(106,000

)

Transfer

35,544

(35,544

)

-

At 31 March 2026

171,614

1,423,851

1,595,465