F W PROPERTY DEVELOPMENT LIMITED


Director	KIDD-WALKER, Nardhia Maya


Registered Address	Unit 2 Market Square
	Wolverhampton
	WV3 0NL


Registered Number	10236817 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	31 Jul 2025		30 Jun 2024
		£	£	£	£
Fixed assets
Tangible assets	3		3,210,502		3,857,355
			3,210,502		3,857,355
Current assets
Debtors		610,450		638,788
Cash at bank and on hand		5,248		744
		615,698		639,532
Creditors amounts falling due within one year	4	(54,934)		(245,083)
Net current assets (liabilities)			560,764		394,449
Total assets less current liabilities			3,771,266		4,251,804
Creditors amounts falling due after one year	5		(2,542,422)		(2,675,654)
Provisions for liabilities	6		(243,553)		(298,482)
Net assets			985,291		1,277,668
Capital and reserves
Called up share capital			100		100
Other reserves			1,018,288		1,457,288
Profit and loss account			(33,097)		(179,720)
Shareholders' funds			985,291		1,277,668

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2026, and are signed on its behalf by:

KIDD-WALKER, Nardhia Maya
Director
Registered Company No. 10236817

F W PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements
for the period ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Land & buildings	Vehicles	Total
	£	£	£
Cost or valuation
At 01 July 24	3,845,000	17,100	3,862,100
Disposals	(645,000)	-	(645,000)
At 31 July 25	3,200,000	17,100	3,217,100
Depreciation and impairment
At 01 July 24	-	4,745	4,745
Charge for year	-	1,853	1,853
At 31 July 25	-	6,598	6,598
Net book value
At 31 July 25	3,200,000	10,502	3,210,502
At 30 June 24	3,845,000	12,355	3,857,355

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	8,119	2,753
Amounts owed to related parties	28,548	1,135
Taxation and social security	18,267	15,241
Redeemable preference shares, liability	-	214,400
Other creditors	-	11,554
Total	54,934	245,083

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Trade creditors / trade payables	23,389	26,889
Bank borrowings and overdrafts	2,156,530	2,593,009
Amounts owed to related parties	362,503	55,756
Total	2,542,422	2,675,654

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	243,553	298,482
Total	243,553	298,482

7.	Change in reporting period and impact on comparability
	The current accounting period covers the 13 months from 01 July 2024 to 31 July 2025, whereas the previous period covered the 12 months to 30 June 2024. As the current period is one month longer, the figures in these accounts are not directly comparable with the corresponding amounts shown for the previous period.