Company No: 12780057 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	A J Miles
	P R Miles

Registered office	East Northdown House
	East Northdown
	Margate
	Kent
	CT9 3TS
	United Kingdom

Company number

12780057 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	14,534		24,805
		14,534		24,805
Current assets
Stocks		4,858,063		3,678,640
Debtors	5	143,761		242,771
Cash at bank and in hand	6	36,944		67,385
		5,038,768		3,988,796
Creditors: amounts falling due within one year	7	( 269,987)		( 89,316)
Net current assets		4,768,781		3,899,480
Total assets less current liabilities		4,783,315		3,924,285
Creditors: amounts falling due after more than one year	8	( 5,152,841)		( 4,099,037)
Net liabilities		( 369,526)		( 174,752)
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		( 369,528 )		( 174,754 )
Total shareholders' deficit		( 369,526)		( 174,752)

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Fort Road Development Co Limited (registered number: 12780057) were approved and authorised for issue by the Board of Directors on 08 September 2026. They were signed on its behalf by:

P R Miles Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fort Road Development Co Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is East Northdown House, East Northdown, Margate, Kent, CT9 3TS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	5 years straight line
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. 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 that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 August 2024	10,724		31,596		975		43,295
Additions	250		0		125		375
Disposals	0		( 10,895)		0		( 10,895)
At 31 July 2025	10,974		20,701		1,100		32,775
Accumulated depreciation
At 01 August 2024	4,306		13,515		669		18,490
Charge for the financial year	2,153		5,048		258		7,459
Disposals	0		( 7,708)		0		( 7,708)
At 31 July 2025	6,459		10,855		927		18,241
Net book value
At 31 July 2025	4,515		9,846		173		14,534
At 31 July 2024	6,418		18,081		306		24,805

5. Debtors

	2025		2024
	£		£
Other debtors	143,761		242,771

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	36,944		67,385

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	228,909		58,043
CIS withheld	( 16,546)		0
Other taxation and social security	844		844
Other creditors	56,780		30,429
	269,987		89,316

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	3,575,837		2,457,966
Other creditors	1,577,004		1,641,071
	5,152,841		4,099,037

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 0.01 each (2024: 2 shares of £ 1.00 each)	2		2