REGISTERED NUMBER: 04121875 (England and Wales)

FALMOUTH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

A N Jones

REGISTERED OFFICE:

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

REGISTERED NUMBER:

04121875 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

FIXED ASSETS

Investment property

4

470,850

470,850

CURRENT ASSETS

Cash in hand

-

999

CREDITORS

Amounts falling due within one year

41,493

37,832

NET CURRENT LIABILITIES

(41,493

)

(36,833

)

TOTAL ASSETS LESS CURRENT LIABILITIES

429,357

434,017

CREDITORS

Amounts falling due after more than one year

(212,920

)

(212,920

)

PROVISIONS FOR LIABILITIES

(25,856

)

(34,531

)

NET ASSETS

190,581

186,566

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

5

232,073

223,398

Retained earnings

(42,492

)

(37,832

)

190,581

186,566

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 director acknowledges his 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 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 director and authorised for issue on 30 September 2026 and were signed by:

A N Jones - Director

1.	STATUTORY INFORMATION

Falmouth 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.

These are the first financial statements prepared under FRS 102 Section 1A, with the company previously reporting under the micro-entity provisions set out in FRS 105. Following the transition to FRS102 Section 1A, transitional adjustments have been reflected in the company's financial statements.

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.

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 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 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Fair value of investment property is reviewed by the director at the end of each period and is adjusted if there is a material change.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2024

257,929

Cost

212,921

470,850

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

as restated

£

£

Cost

212,921

212,921

Investment property was valued on an open market basis on 31 December 2025 by the director .

5.

RESERVES

Revaluation

reserve

£

At 1 January 2025

223,398

Transfer

8,675

At 31 December 2025

232,073

The revaluation reserve reflects unrealised changes in the fair value of investment property held on the balance sheet.

6.	RELATED PARTY DISCLOSURES

In creditors is a balance totalling £252,253 (2024 - as restated: £250,752) due to the director. The balance is interest free and repayable on demand.