REGISTERED NUMBER: 11937675 (England and Wales)

Unaudited Financial Statements for the Year Ended 5th April 2026

for

Frome Valley Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P E Fredericks

Mrs S Y Fredericks

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

11937675 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

1,095

955

Investment property

5

2,110,000

1,950,000

2,111,095

1,950,955

CURRENT ASSETS

Debtors

6

17,539

19,787

Cash at bank

7

30,122

16,889

47,661

36,676

CREDITORS

Amounts falling due within one year

8

52,026

53,622

NET CURRENT LIABILITIES

(4,365

)

(16,946

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,106,730

1,934,009

CREDITORS

Amounts falling due after more than one year

9

(617,215

)

(621,689

)

PROVISIONS FOR LIABILITIES

(86,559

)

(46,559

)

NET ASSETS

1,402,956

1,265,761

CAPITAL AND RESERVES

Called up share capital

12

100,000

100,000

Share premium

13

996,612

996,612

Fair value reserve

13

259,677

139,677

Retained earnings

13

46,667

29,472

SHAREHOLDERS' FUNDS

1,402,956

1,265,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2026 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 1st September 2026 and were signed on its behalf by:

Mr P E Fredericks - Director

1.	STATUTORY INFORMATION

Frome Valley Properties 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 as modified by the revaluation of certain assets.

The financial statements are presented in Pound Sterling (£), which is the company's functional and presentation currency.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities. These estimates are based on historical experience and other factors considered to be relevant and reasonable under the circumstances. Actual results may differ from these estimates.

The key areas of judgement and estimation uncertainty are as follows:

Useful economic lives of tangible fixed assets

The annual depreciation charge depends on the estimated useful lives of tangible fixed assets. These are based on historical experience and consideration of future expected usage and technological developments. A change in useful lives would affect the depreciation charge and the carrying value of assets.

Investment property valuation

The company's investment property is stated at fair value. In determining fair value, management uses its knowledge of the property market and considers available market evidence, including recent transactions for comparable properties where available. Due to the inherent uncertainty of property valuations, actual outcomes may differ from those estimated.

Turnover

Turnover represents rental income receivable from investment properties during the year. Rental income is recognised in the period to which it relates in accordance with the terms of the relevant tenancy agreements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'. Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position and are satisfied that it will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 6th April 2025

1,596

1,469

3,065

Additions

-

944

944

Disposals

(1,243

)

(277

)

(1,520

)

At 5th April 2026

353

2,136

2,489

DEPRECIATION

At 6th April 2025

1,167

943

2,110

Charge for year

107

435

542

Eliminated on disposal

(981

)

(277

)

(1,258

)

At 5th April 2026

293

1,101

1,394

NET BOOK VALUE

At 5th April 2026

60

1,035

1,095

At 5th April 2025

429

526

955

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6th April 2025

1,950,000

Revaluations

160,000

At 5th April 2026

2,110,000

NET BOOK VALUE

At 5th April 2026

2,110,000

At 5th April 2025

1,950,000

Fair value at 5th April 2026 is represented by:

£

Valuation in 2021

121,236

Valuation in 2022

65,000

Valuation in 2026

160,000

Cost

1,763,764

2,110,000

If investment property had not been revalued it would have been included at the following historical cost:

5.4.26

5.4.25

£

£

Cost

1,763,764

1,763,764

Investment property was valued on an open market basis on 5th April 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.26

5.4.25

£

£

Trade debtors

650

-

Other debtors

16,160

19,153

Prepayments

729

634

17,539

19,787

7.	CASH AT BANK

5.4.26

5.4.25

£

£

Bank account no. 1

10,104

9,766

Bank account no. 2

20,018

7,123

30,122

16,889

Cash and cash equivalents consist solely of balances held in the Company's bank accounts. The Company does not hold any short-term investments and does not operate an overdraft facility.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.26

5.4.25

£

£

Other loans

4,473

4,314

Tax

14,025

13,981

Social security and other taxes

181

-

Other creditors

16,160

19,153

Directors' current accounts

6,780

6,335

Deferred income

8,320

7,854

Accrued expenses

2,087

1,985

52,026

53,622

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.26

5.4.25

£

£

Other loans - 1-2 years

4,630

4,472

Other loans - 2-5 years

14,944

14,413

Other loans more 5yrs non-inst

597,641

602,804

617,215

621,689

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

597,641

602,804

10.	LEASING AGREEMENTS

The Company had no material commitments under non-cancellable operating leases at the balance sheet date.

11.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.26

5.4.25

£

£

Other loans

621,688

626,003

The loans are secured by a fixed charge on the investment properties as indicated in note 8.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.26

5.4.25

value:

£

£

21,000

Ordinary A

£1

21,000

21,000

21,000

Ordinary B

£1

21,000

21,000

58,000

Ordinary C

£1

58,000

58,000

100,000

100,000

13.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 6th April 2025

29,472

996,612

139,677

1,165,761

Profit for the year

173,195

173,195

Dividends

(36,000

)

(36,000

)

Assets revalued in period

(120,000

)

-

120,000

-

At 5th April 2026

46,667

996,612

259,677

1,302,956

14.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the balance sheet date.

15.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had no capital or other financial commitments.

16.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Director’s loan account: At the year end, the company owed £6,780 (2025: £6,335) to the directors. The balance is unsecured, interest-free and repayable on demand.

17.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure or adjustment to the financial statements.