REGISTERED NUMBER: 15925276 (England and Wales)

FRACS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 AUGUST 2024 TO 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs H C Holden

Mrs C S Sherbrooke

R Wharton

Mrs F E Wharton

Miss A R Wharton

REGISTERED OFFICE:

Littlefields

Cherington Lane

Tetbury

GL8 8SE

REGISTERED NUMBER:

15925276 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Investments

4

59,978

CURRENT ASSETS

Debtors

5

227,570

Cash at bank

115,747

343,317

CREDITORS

Amounts falling due within one year

6

107,774

NET CURRENT ASSETS

235,543

TOTAL ASSETS LESS CURRENT LIABILITIES

295,521

PROVISIONS FOR LIABILITIES

173,000

NET ASSETS

122,521

CAPITAL AND RESERVES

Called up share capital

7

6

Retained earnings

122,515

SHAREHOLDERS' FUNDS

122,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

R Wharton - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company made contributions to a defined contribution pension scheme. Contributions payable to the pension scheme are charge to profit or loss in the period in which they relate.

Investments

Unlisted investments are stated at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

59,978

At 31 December 2025

59,978

NET BOOK VALUE

At 31 December 2025

59,978

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by associates

227,564

Other debtors

6

227,570

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation

23,954

Other creditors

83,820

107,774

7.	CALLED UP SHARE CAPITAL

Number

Class

Nominal

value:

£

1

A Ordinary

£1

1

1

B Ordinary

£1

1

1

C Ordinary

£1

1

1

D Ordinary

£1

1

1

E Ordinary

£1

1

1

F Ordinary

£1

1

6

The above shares were issued during the period for cash at par.

8.	RELATED PARTY DISCLOSURES

During the year, directors introduced capital of £65,602 and withdrew £3. As at the balance sheet date, £65,599 was due to the directors.

During the year, shareholders withdrew £3. As at the balance sheet date, £3 was due from the shareholders.