Fitzroy Computer Systems Limited


Directors	S Beacock
	I Brown
	J D Brown
	J A Brown


Company Secretary	J A Brown


Registered Address	152 Broadway
	Southbourne
	Bournemouth
	BH6 4EL


Registered Number	01068039 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		420,000		407,000
Investments	5		200,000		251,000
			620,000		658,000
Current assets
Debtors		11,722		14,255
Cash at bank and on hand		482,884		555,495
		494,606		569,750
Creditors amounts falling due within one year	6	(8,232)		(10,603)
Net current assets (liabilities)			486,374		559,147
Total assets less current liabilities			1,106,374		1,217,147
Provisions for liabilities	7		(41,595)		(38,345)
Net assets			1,064,779		1,178,802
Capital and reserves
Called up share capital			100		100
Other reserves			124,783		115,033
Profit and loss account			939,896		1,063,669
Shareholders' funds	8		1,064,779		1,178,802

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 12 August 2026, and are signed on its behalf by:

J A Brown
Director
Registered Company No. 01068039

Fitzroy Computer Systems Limited

Notes to the Financial Statements
for the year ended 31 December 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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	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:

	Impairment of non-financial assets policy
	Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.

	Investments
	Bonds have been acquired by the company for long term interest income. They are not and there is no intention for regular trading on the open market. Bonds are initially recorded at cost and are only re-valued upwards where there is an expectation in the short term (1-2 years) of there being a profit, or downwards if the market value at year end is lower than cost (in which case the loss recognised is limited to the base cost of the bond). A profit would only expect to be recognised on a sale of a bond, before its maturity date. A loss would only be recognised where there is a known loss on future sale of the bond or a loss where market value is less than base cost.

Investments

Bonds have been acquired by the company for long term interest income. They are not and there is no intention for regular trading on the open market. Bonds are initially recorded at cost and are only re-valued upwards where there is an expectation in the short term (1-2 years) of there being a profit, or downwards if the market value at year end is lower than cost (in which case the loss recognised is limited to the base cost of the bond). A profit would only expect to be recognised on a sale of a bond, before its maturity date. A loss would only be recognised where there is a known loss on future sale of the bond or a loss where market value is less than base cost.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 January 25	407,000	407,000
Revaluations	13,000	13,000
At 31 December 25	420,000	420,000
Net book value
At 31 December 25	420,000	420,000
At 31 December 24	407,000	407,000

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 January 25	251,000	251,000
Disposals	(51,000)	(51,000)
At 31 December 25	200,000	200,000
Net book value
At 31 December 25	200,000	200,000
At 31 December 24	251,000	251,000

	Notes
	¹Other investments other than loans

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	6,152	8,570
Accrued liabilities and deferred income	2,080	2,033
Total	8,232	10,603

7.	Provisions for liabilities
	Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the
statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best
estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected
to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

	2025	2024
	£	£
Net deferred tax liability (asset)	41,595	38,345
Total	41,595	38,345

8.	Fair value reserve


		£
	Fair value reserve at 01 January 25	115,033
	Transferred in period	9,750
	At 31 December 25	124,783