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Registered number: 12321877
Fabim Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12321877
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,238 30,370
Investment Properties 5 560,000 330,975
587,238 361,345
CURRENT ASSETS
Debtors 6 713 38
Cash at bank and in hand 1,966 2,044
2,679 2,082
Creditors: Amounts Falling Due Within One Year 7 (4,551 ) -
NET CURRENT ASSETS (LIABILITIES) (1,872 ) 2,082
TOTAL ASSETS LESS CURRENT LIABILITIES 585,366 363,427
Creditors: Amounts Falling Due After More Than One Year 8 (431,085 ) (424,345 )
NET ASSETS/(LIABILITIES) 154,281 (60,918 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 229,025 -
Profit and Loss Account (74,745 ) (60,919 )
SHAREHOLDERS' FUNDS 154,281 (60,918)
Page 1
Page 2
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Fiona Imlach
Director
05/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fabim Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12321877 . The registered office is Moorcock Flat Moorcock Flat 1, Gisburn Road, Blacko, Lancashire, BB9 6NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 15% Reducing Balance
Plant & Machinery 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 February 2025 54,802 238 8,951 63,991
Additions 1,675 - - 1,675
As at 31 January 2026 56,477 238 8,951 65,666
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 February 2025 28,509 133 4,979 33,621
Provided during the period 4,195 16 596 4,807
As at 31 January 2026 32,704 149 5,575 38,428
Net Book Value
As at 31 January 2026 23,773 89 3,376 27,238
As at 1 February 2025 26,293 105 3,972 30,370
5. Investment Property
2026
£
Fair Value
As at 1 February 2025 330,975
Revaluations 229,025
As at 31 January 2026 560,000
6. Debtors
2026 2025
£ £
Due within one year
Other debtors 713 38
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 4,551 -
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 183,310 189,679
Other loans - 7,000
Other creditors 247,775 227,666
431,085 424,345
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
Page 4
Page 5
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 February 2025 - (60,919 )
Loss for year - (13,826)
Net investment property revaluation reserve 229,025 -
Other comprehensive income for the year 229,025 -
Total comprehensive income for the year 229,025 (13,826 )
As at 31 January 2026 229,025 (74,745 )
Page 5