Registration number: 14369028

Falmouth Property Maintenance Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Falmouth Property Maintenance Ltd

Company Information

Director

Christofer Howe

Registered office

11 Bonython Close Mylor Bridge TR11 5NF

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Road Falmouth Cornwall TR11 4QD

Falmouth Property Maintenance Ltd

(Registration number: 14369028)
Balance Sheet as at 31 March 2026

	Note	2026 £	2024 £
Fixed assets
Tangible assets	4	-	9,763
Current assets
Debtors	5	547	1,988
Cash at bank and in hand		6,282	13,815
		6,829	15,803
Creditors: Amounts falling due within one year	6	(6,828)	(6,697)
Net current assets		1	9,106
Total assets less current liabilities		1	18,869
Creditors: Amounts falling due after more than one year	6	-	(5,853)
Provisions for liabilities		-	(1,855)
Net assets		1	11,161
Capital and reserves
Called up share capital	7	1	1
Retained earnings		-	11,160
Shareholders' funds		1	11,161

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Falmouth Property Maintenance Ltd

(Registration number: 14369028)
Balance Sheet as at 31 March 2026

Approved and authorised by the director on 26 August 2026
 

......................................... Christofer Howe Director

Falmouth Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
11 Bonython Close
Mylor Bridge
TR11 5NF

2	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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Falmouth Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2026

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Plant and equipment	25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Falmouth Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 October 2024	10,800	2,957	13,757
Disposals	(10,800)	(2,957)	(13,757)
At 31 March 2026	-	-	-
Depreciation
At 1 October 2024	2,700	1,294	3,994
Eliminated on disposal	(2,700)	(1,294)	(3,994)
At 31 March 2026	-	-	-
Carrying amount
At 31 March 2026	-	-	-
At 30 September 2024	8,100	1,663	9,763

5

Debtors

Current	2026 £	2024 £
Trade debtors	50	1,970
Prepayments	-	18
Other debtors	497	-
	547	1,988

Falmouth Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2024 £
Due within one year
Loans and borrowings	8	-	1,558
Trade creditors		28	161
Taxation and social security		272	2,323
Accruals and deferred income		1,010	870
Other creditors		5,518	1,785
		6,828	6,697

Creditors: amounts falling due after more than one year

	Note	2026 £	2024 £
Due after one year
Loans and borrowings	8	-	5,853

Falmouth Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2026

7	Share capital

Allotted, called up and fully paid shares

	2026		2024
	No.	£	No.	£
Ordinary share of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2024 £
Hire purchase contracts	-	5,853

Current loans and borrowings

	2026 £	2024 £
Hire purchase contracts	-	1,558