Company Registration No. 07950187 (England and Wales)
Fajast Development 1 Limited
Unaudited accounts
for the year ended 31 December 2025
Fajast Development 1 Limited
Unaudited accounts
Contents
Fajast Development 1 Limited
Company Information
for the year ended 31 December 2025
Directors
Graham Lucking
Deirdre Lucking
Company Number
07950187 (England and Wales)
Registered Office
Unit 1a Griffin Industrial Estate
Penncricket Lane
Rowley Regis
West Midlands
B65 0SN
Fajast Development 1 Limited
Statement of financial position
as at 31 December 2025
Tangible assets
946,057
946,057
Investment property
157,645
157,645
Cash at bank and in hand
10,642
13,083
Creditors: amounts falling due within one year
(3,508)
(4,647)
Net current assets
7,134
8,436
Total assets less current liabilities
1,110,836
1,112,138
Creditors: amounts falling due after more than one year
(1,088,132)
(1,094,999)
Called up share capital
1
1
Profit and loss account
22,703
17,138
Shareholders' funds
22,704
17,139
For the year ending 31 December 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by
Graham Lucking
Director
Company Registration No. 07950187
Fajast Development 1 Limited
Notes to the Accounts
for the year ended 31 December 2025
Fajast Development 1 Limited is a private company, limited by shares, registered in England and Wales, registration number 07950187. The registered office is Unit 1a Griffin Industrial Estate, Penncricket Lane, Rowley Regis, West Midlands, B65 0SN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 31 December 2025
946,057
At 31 December 2025
946,057
At 31 December 2024
946,057
Land and buildings comprises:
Land value overage on Garden House Hotel £350,000
Gulval House £292,355
Chyan House £303,702
Fair value at 1 January 2025
157,645
At 31 December 2025
157,645
Investment property is valued at cost.
Fajast Development 1 Limited
Notes to the Accounts
for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,311
3,119
Taxes and social security
1,297
628
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
973,106
972,856
Loans from directors
115,026
120,823
Creditors comprises:
Bank Loan £Nil (2024 £1,320)
Director's Loan Account £115,026 (2024 £120,823)
Associated Company Loan Account (Arlingford Limited) £973,106 (2024 £972,856)
8
Transactions with related parties
During the year a net amount of £5,797 was repaid to Mrs D Lucking, a director of the company, giving a balance on her long-term interest free loan to the company of £115,026 (2024 £120,823).
During the year £250 was received as agent for the Associated company, Arlingford Limited, giving a year-end balance of £973,106 (2023 £972,856)
The entire amounts advanced are included within Creditors - amounts falling due after more than one year.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).