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Company registration number:
01407172
FOSBY OF LONDON LIMITED
Unaudited Filleted Financial Statements for the year ended
31 December 2025
PRESTIGE ACCOUNTS LIMITED
CHARTERED CERTIFIED ACCOUNTANTS & CHARTERED TAX ADVISERS
16 KHARTOUM ROAD, ILFORD, IG1 2NP, United Kingdom
FOSBY OF LONDON LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of FOSBY OF LONDON LIMITED
Year ended
31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
FOSBY OF LONDON LIMITED
for the year ended
31 December 2025
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
FOSBY OF LONDON LIMITED
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
FOSBY OF LONDON LIMITED
and state those matters that we have agreed to state to the Board of Directors of
FOSBY OF LONDON LIMITED
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
FOSBY OF LONDON LIMITED
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
FOSBY OF LONDON LIMITED
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
FOSBY OF LONDON LIMITED
. You consider that
FOSBY OF LONDON LIMITED
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of FOSBY OF LONDON LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PRESTIGE ACCOUNTS LIMITED
CHARTERED CERTIFIED ACCOUNTANTS & CHARTERED TAX ADVISERS
16 KHARTOUM ROAD
ILFORD
IG1 2NP
United Kingdom
Date:
13 August 2026
FOSBY OF LONDON LIMITED
Statement of Financial Position
31 December 2025
20252024
Note££
Fixed assets    
Tangible assets 5
1,588,449
 
1,590,144
 
Investments 6
374,776
 
354,776
 
1,963,225
 
1,944,920
 
Current assets    
Debtors 7
12,363
 
20,441
 
Cash at bank and in hand
9,856
 
9,467
 
22,219
 
29,908
 
Creditors: amounts falling due within one year 8
(414,350
 )
(435,071
 )
Net current liabilities
(392,131
 )
(405,163
 )
Total assets less current liabilities 1,571,094   1,539,757  
Creditors: amounts falling due after more than one year 9
(799,929
 )
(799,962
 )
Net assets
771,165
 
739,795
 
Capital and reserves    
Called up share capital
35,000
 
35,000
 
Profit and loss account
736,165
 
704,795
 
Shareholders funds
771,165
 
739,795
 
For the year ending
31 December 2025
, 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
13 August 2026
, and are signed on behalf of the board by:
MRS MARIA PASCHALIS
Director
Company registration number:
01407172
FOSBY OF LONDON LIMITED
Notes to the Financial Statements
Year ended
31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
60 LODGE LANE
,
LONDON
,
N12 8JJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied in the financial year, net of trade discounts and Value Added Tax.
The principal activity of the company during the financial year was that of property holding for letting out.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Freehold investment properties are not depreciated, unless their estimated residual value is less than their cost
Fixtures, fittings and equipment
20% reducing balance
Office equipment
20% reducing balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2024:
3.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2025
1,577,568
 
22,289
 
1,599,857
 
Additions -  
1,025
 
1,025
 
At
31 December 2025
1,577,568
 
23,314
 
1,600,882
 
Depreciation      
At
1 January 2025
 -  
9,713
 
9,713
 
Charge -  
2,720
 
2,720
 
At
31 December 2025
 -  
12,433
 
12,433
 
Carrying amount      
At
31 December 2025
1,577,568
 
10,881
 
1,588,449
 
At 31 December 2024
1,577,568
 
12,576
 
1,590,144
 
The amount shown under the land and buildings heading above, is relating to the acquisition and development cost of a freehold investment property at historical cost. No valuation has been carried out for the company’s investment property at the end of the financial year to 31 December 2025.
Under the FRS 102 requirements, if a reliable measure of fair value is not available, the investment property shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.
The above freehold investment property has not been depreciated since the company’s directors consider the fair value of the property at the end of the financial year, to be higher than the property’s carrying value disclosed in the accounts, as stated above at historical cost.

6 Investments

Other investments
£
Cost  
At
1 January 2025
354,776
 
Additions
20,000
 
At
31 December 2025
374,776
 
Impairment  
At
1 January 2025
and
31 December 2025
 -  
Carrying amount  
At
31 December 2025
374,776
 
At 31 December 2024
354,776
 
The above investments are relating to loans advanced to a related company. For further details see the related party transactions notes below.

7 Debtors

20252024
££
Other debtors
12,363
 
20,441
 
The amount in other debtors shown above, includes the amounts of accrued income, prepayments and deferred tax asset.

8 Creditors: amounts falling due within one year

20252024
££
Trade creditors
7,468
 
22,972
 
Other creditors
406,882
 
412,099
 
414,350
 
435,071
 
The amount in other creditors shown above, includes the amount of £399,743 for 2025 and £400,503 for 2024, relating to directors/shareholders current/loan account, which is unsecured and repayable on demand. For further details see the related party transactions notes below.

9 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
799,929
 
799,962
 
The loan shown above repayable after more than one year as at December 2025, is a non-installment loan, secured on the company's assets.
The above loan has a repayment period within five years as at 31 December 2025.

11 Controlling party

The ultimate controlling parties in the financial year were Mrs Maria Paschalis, Mrs Myroulla Procopiou and Mrs Niki Paschalis, each one held one third of the company’s share capital, who were also the directors of the company.