Fountain Street Developments Limited

Registered number

12263978

Filleted Accounts

31 October 2025

Fountain Street Developments Limited
Registered number:		12263978
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	657,988			618,488
Cash at bank and in hand		120			181
		658,108			618,669

Creditors: amounts falling due within one year	4	(257,734)			(203,060)

Net current assets			400,374			415,609

Total assets less current liabilities			400,374			415,609

Creditors: amounts falling due after more than one year	5		(269,738)			(273,915)



Net assets			130,636			141,694

Capital and reserves
Called up share capital			2			2
Profit and loss account			130,634			141,692

Shareholders' funds			130,636			141,694

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Sunder Kripalani
Director
Approved by the board on 13 July 2026

Fountain Street Developments Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Income
	Income is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the Sale of Properties held in stock and option fees.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2025		2024
£			£

	Other debtors	657,988		618,488


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	4,752		5,328
	Other creditors	252,982		197,732
		257,734		203,060


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	269,738		273,915

	The above loan of £50,000 borrowed under The Coronavirus Business Interruption Loan Scheme with a government-backed gaurantee.

6	Transactions with directors

	At the year end the company owed the directors £62,691 [ 2024 - 21,941]

7	Related party transactions	2025		2024
£			£
	24 Church Street Developments Limited
	The company is related to 24 Church Street Developments Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from 24 Church Street Developments Limited	(100)		-


	Adelaide House Developments Limited

	The company is related to Adelaide House Developments Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Adelaide House Developments Limited	(59,700)		(49,200)


	Lemon Properties Limited
	The company is related to Lemon Properties Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Lemon Properties Limited.	302,098		302,098
	The amount due (to) / from Lemon Properties Limited.	(82,799)		(82,799)



	Leeds1 Property Limited
	The company is related to Leeds1 Property Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:
	The amount due (to) / from Leeds 2 Property Limited.	500		1,000


	Leeds 2 Property Limited
	The company is related to Leeds 2 Property Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Leeds 2 Property Limited.	(32,042)		(32,042)
	The total interest charged in the year was:	-		42

	Benz Travel Limited

	The company is related to Benz Travel Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Benz Travel Limited	-		(10,000)



	New Look Properties Limited

	The company is related to New Look Properties Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:
	The amount due (to) / from Benz Travel Limited	(1,900)		(500)


	Fairway Motel Developments Limited

	The company is related to Fairway Motel Developments Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows:
	The amount due (to) / from Fairway Motel Developments Limited	(3,500)		-


8	Controlling party

	The company is controlled jointly by Mr Sunder Kripalani and Mrs Sarita Kripalani by virtue of their 100% shareholding in the issued share capital of the company.
9	Other information

	Fountain Street Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite-11, Boundary House
	Boston Road
	London
	England
	W7 2QE