REGISTERED NUMBER: 04564924 (England and Wales)

FRANHIL DEVELOPMENTS LIMITED

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2024 TO 30TH APRIL 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Mr F A Crick

SECRETARY:

Mrs H M Crick

REGISTERED OFFICE:

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

REGISTERED NUMBER:

04564924 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

Nat West Bank Plc

24-30 The Parade

SWINDON

Wiltshire

SN1 1BA

FIXED ASSETS

Investment property

4

-

700,000

CURRENT ASSETS

Debtors

5

-

2,039

Cash at bank

396,726

21,399

396,726

23,438

CREDITORS

Amounts falling due within one year

6

201,999

320,371

NET CURRENT ASSETS/(LIABILITIES)

194,727

(296,933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

194,727

403,067

PROVISIONS FOR LIABILITIES

-

62,237

NET ASSETS

194,727

340,830

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

194,627

340,730

SHAREHOLDERS' FUNDS

194,727

340,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th August 2026 and were signed by:

Mr F A Crick - Director

1.	STATUTORY INFORMATION

Franhil Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04564924

Registered office: 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

It is the directors intention to formally wind the company up via a Members Voluntary Liquidation. Accordingly, the financial statements have been prepared on a basis other than going concern.

Significant judgements and estimates

In preparing these financial statements, the director has made the following judgements:

- Determine the basis of the fair value of the investment property using the director's knowledge of the market and his estimate of the rental multiple.

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

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2024

700,000

Disposals

(700,000

)

At 30th April 2026

-

NET BOOK VALUE

At 30th April 2026

-

At 31st October 2024

700,000

Investment property was made up of a residential property originally costing £118,737 and a commercial property originally costing £294,263, which were subsequently revalued over a number of years, to a combined fair value as at 31 October 2024 of £700,000. Both properties were sold prior to 30 April 2026.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Other debtors

-

2,039

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Taxation and social security

81,581

627

Other creditors

120,418

319,744

201,999

320,371

Included within 'Other Creditors' last year was a balance that was secured by a mortgage over freehold property known as Jasmine Cottage, High Street, Highworth.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2024

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Included within retained earnings is £Nil (2024: £224,763) which is un-distributable. This

amount represents the difference between the fair value at the reporting date and the cost at

initial recognition of the investment property, after taking into account any relevant deferred tax

liability.