Registration number: 04383128

Fraction Estates Limited

Contents
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Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Fraction Estates Limited

Company Information
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Directors

J M Keshet Orr U T Ehrenmark

Company secretary

U T Ehrenmark

Registered office

342 Regents Park Road Finchley London N3 2LJ

Accountants

Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road London N3 2LJ

Fraction Estates Limited

(Registration number: 04383128)
Balance Sheet as at 31 March 2026
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	Note	2026 £		2025 £
Fixed assets
Tangible assets	3		353,477		353,477
Current assets
Debtors	4	910		1,262
Cash at bank and in hand		50,316		52,868
		51,226		54,130
Creditors: Amounts falling due within one year	5	(1,207)		(3,513)
Net current assets			50,019		50,617
Net assets			403,496		404,094
Capital and reserves
Called up share capital	6	250,000		250,000
Retained earnings		153,496		154,094
Shareholders' funds			403,496		404,094

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 August 2026 and signed on its behalf by:
 

......................................... J M Keshet Orr Director

......................................... U T Ehrenmark Company secretary and director

Fraction Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fraction Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Fraction Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2025	353,477	353,477
At 31 March 2026	353,477	353,477
Depreciation
Carrying amount
At 31 March 2026	353,477	353,477
At 31 March 2025	353,477	353,477

Included within the net book value of land and buildings above is £353,477 (2025 - £353,477) in respect of freehold land and buildings.
 

4

Debtors

Current	2026 £	2025 £
Prepayments	910	1,262
	910	1,262

Fraction Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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5

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	960	960
Taxation and social security	247	1,563
Other creditors	-	990
	1,207	3,513

6	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	250,000	250,000	250,000	250,000