REGISTERED NUMBER: 01120803 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2026

FOR

FRISH PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A D Fishman

Mrs F Gavin

SECRETARY:

Mr A D Fishman

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

01120803 (England and Wales)

ACCOUNTANTS:

EA (UK) LLP

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

150,000

120,000

CURRENT ASSETS

Debtors

5

33,019

17,759

Cash at bank

2,085

33

35,104

17,792

CREDITORS

Amounts falling due within one year

6

24,208

16,872

NET CURRENT ASSETS

10,896

920

TOTAL ASSETS LESS CURRENT LIABILITIES

160,896

120,920

PROVISIONS FOR LIABILITIES

25,250

17,750

NET ASSETS

135,646

103,170

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserves

75,780

53,280

Retained earnings

59,766

49,790

SHAREHOLDERS' FUNDS

135,646

103,170

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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 29 May 2026 and were signed on its behalf by:

Mr A D Fishman - Director

1.	STATUTORY INFORMATION

Frish Properties Limited 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.

TURNOVER

Turnover represents net invoiced rental income and insurance recharged.

INVESTMENT PROPERTY

Investment property is carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

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 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 31 March 2025

120,000

Revaluations

30,000

At 30 March 2026

150,000

NET BOOK VALUE

At 30 March 2026

150,000

At 30 March 2025

120,000

Cost or valuation at 30 March 2026 is represented by:

£

Valuation in 2026

101,030

Cost

48,970

150,000

If investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

48,970

48,970

Investment properties were valued on a fair value basis on 30 March 2026 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

33,019

17,759

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,483

3,185

Taxation and social security

13,512

7,135

Other creditors

8,213

6,552

24,208

16,872

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 March 2026 and 30 March 2025:

2026

2025

£

£

Mr A D Fishman

Balance outstanding at start of year

13,278

(302

)

Amounts advanced

11,409

13,780

Amounts repaid

-

(200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,687

13,278

Mrs F Gavin

Balance outstanding at start of year

(2,000

)

(2,000

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,000

)

(2,000

)

Interest, at the official rate, amounting to £684 (2025: £61) was charged on the loan accounts during periods when they were overdrawn.

8.	ULTIMATE CONTROLLING PARTY