REGISTERED NUMBER: 00796582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FLAIRCROSS PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Pask

J Papworth

REGISTERED OFFICE:

7 Oldman Court

St Ives

Cambridgeshire

PE27 5DN

REGISTERED NUMBER:

00796582 (England and Wales)

ACCOUNTANTS:

Wright Connections Limited

Bedford I-Lab

Priory Business Park

Stannard Way

Bedford

Bedfordshire

MK44 3RZ

FIXED ASSETS

Tangible assets

4

281

283

Investment property

5

443,525

439,525

443,806

439,808

CURRENT ASSETS

Debtors

6

228

-

Cash at bank

237,916

239,831

238,144

239,831

CREDITORS

Amounts falling due within one year

7

1,675

1,626

NET CURRENT ASSETS

236,469

238,205

TOTAL ASSETS LESS CURRENT LIABILITIES

680,275

678,013

PROVISIONS FOR LIABILITIES

104,535

103,535

NET ASSETS

575,740

574,478

CAPITAL AND RESERVES

Called up share capital

8

93

93

Fair value reserve

9

321,992

318,992

Retained earnings

9

253,655

255,393

SHAREHOLDERS' FUNDS

575,740

574,478

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.

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 22 September 2026 and were signed on its behalf by:

J E Pask - Director

J Papworth - Director

1.	STATUTORY INFORMATION

Flaircross 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

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 sales of houses and property exclusive of value added tax and direct selling expenses and rents received from properties retained in the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

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.

Fair values are determined by the directors who review the property against similar properties that have been recently sold details of which can be found on the internet.

Fair value of land is determined by how likely it is to be sold, the current classification of the land and the costs associated with the original purchase and costs associated with changing its use.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

3,588

Additions

200

Disposals

(1,553

)

At 31 December 2025

2,235

DEPRECIATION

At 1 January 2025

3,305

Charge for year

50

Eliminated on disposal

(1,401

)

At 31 December 2025

1,954

NET BOOK VALUE

At 31 December 2025

281

At 31 December 2024

283

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

439,525

Revaluations

4,000

At 31 December 2025

443,525

NET BOOK VALUE

At 31 December 2025

443,525

At 31 December 2024

439,525

During the year the directors continued to take steps to actively improve the saleability of the land at Hemingford Grey. At present it can only be described as agricultural land suitable for pasture and has been valued on that basis. As there appears to be no demand for using this particular piece of land the directors estimate that its fair value is no more than its costs to date.

The land was put forward for consideration by the local council as part of their "Call for sites" initiative. Drainage and transport studies were carried at to support this application. Although the application was unsuccessful the directors believe that it has potential for development in the future.

Fair value at 31 December 2025 is represented by:

£

Valuation in 1999

34,927

Valuation in 2010

195,600

Valuation in 2016

85,000

Valuation in 2017

10,000

Valuation in 2020

50,000

Valuation in 2021

15,000

Valuation in 2022

72,373

Valuation in 2024

(40,373

)

Valuation in 2025

4,000

Cost

16,998

443,525

The residential property is revalued by the directors who take in to consideration recent market values of similar properties and the estimated value per Zoopla.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

228

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Taxation and social security

380

335

Other creditors

1,295

1,291

1,675

1,626

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

93

Ordinary shares

£1

93

93

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2025

255,393

318,992

574,385

Profit for the year

1,262

-

1,262

Fair value net/gain loss

in the year

(3,000

)

3,000

-

At 31 December 2025

253,655

321,992

575,647

The revaluation of the Investments Properties is net of £104,535 of deferred tax.