REGISTERED NUMBER: 12580961 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 December 2025

for

Firby Propco Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R H Page

Mrs S J Page

REGISTERED OFFICE:

34 Romanby Road

Northallerton

North Yorkshire

DL7 8NF

REGISTERED NUMBER:

12580961 (England and Wales)

ACCOUNTANTS:

King Hope

34 Romanby Road

NORTHALLERTON

North Yorkshire

DL7 8NF

FIXED ASSETS

Investments

4

1,997,062

-

Investment property

5

1,860,274

1,860,274

3,857,336

1,860,274

CURRENT ASSETS

Debtors

178

8,868

Cash at bank

274,276

170,637

274,454

179,505

CREDITORS

Amounts falling due within one year

(3,552,793

)

(1,793,145

)

NET CURRENT LIABILITIES

(3,278,339

)

(1,613,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

578,997

246,634

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

577,997

245,634

578,997

246,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 September 2026 and were signed on its behalf by:

R H Page - Director

1.	STATUTORY INFORMATION

Firby Propco 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents rents received from the investment property. Rental income is recognised as it falls due adjusting for any amounts received in advance.

Income arising from operating leases is recognised in the profit or loss on a straight line basis over the term of the lease.

Investment income arising from fixed asset investments and cash deposits is recognised when the company's right to receive the income is established and the amount can be reliably measured. This income is included in 'Other Income'.

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

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Shareholder loans are unsecured, interest-free and repayable on demand. The shareholder loans are recognised at the amount payable and are classified as creditors falling due within one year.

Fixed asset investments

Fixed asset investments are initially recognised at the transaction price including any transaction costs. Subsequent to initial recognition, fixed asset investments are stated at fair value at each reporting date. Fair value is determined by reference to the quoted market closing bid price at the balance sheet date. All changes in fair value, including gains, losses, and reversals of previous impairments, are recognised directly in the profit or loss account.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern

These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the Directors have carefully considered these risks, including the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the Directors consider that the company maintains an appropriate level of liquidity, sufficient to meet the demands of the business. In addition, the company assets are assessed for recoverability on a regular basis, and the Directors consider that the company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

Additions

1,839,011

Disposals

(40,365

)

Revaluations

198,416

At 31 December 2025

1,997,062

NET BOOK VALUE

At 31 December 2025

1,997,062

Cost or valuation at 31 December 2025 is represented by:

Totals

£

Valuation in 2025

198,416

Cost

1,798,646

1,997,062

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,798,646

-

Fixed asset investments were valued on an open market basis on 31 December 2025 by Rothschild & Co Wealth Management .

Additions and disposals includes a non-cash transaction arising from a capital demerger of one of the shareholdings within the investment portfolio.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,860,274

NET BOOK VALUE

At 31 December 2025

1,860,274

At 31 December 2024

1,860,274

The property has been valued on an existing use basis by the directors who do not consider the value at 31 December 2025 to be materially different from the value at the date the property was purchased.

6.	SECURED DEBTS

A charge is registered in respect of a floating security over assets held within Firby Propco Limited.

7.	RELATED PARTY DISCLOSURES

The Company is controlled by RH Page, who is a director and shareholder of the Company. During the year, the Company received an interest-free loans from the Director.

The loan is unsecured, interest-free and repayable on demand.

The total amount outstanding at 31 December 2025 was £3,485,022 (2024 - £1,727,974), is included within other creditors.

During the year a total of £1,799,049 was advanced from related parties, with £42,001 repaid during the year.

8.	GOING CONCERN

The Directors confirm that they will only seek repayment of their Directors' loan account when sufficient funds are available.