Company registration number: 05055856
Annual report and unaudited financial statements
for the year ended 28 February 2026
for
Form Property Limited
Pages for filing with the Registrar
Company registration number: 05055856
Form Property Limited
Balance sheet
as at 28 February 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 1,611,385 1,595,924
1,611,385 1,595,924
Current assets
Debtors 5 13,162 14,304
Cash at bank and in hand 75,323 84,066
88,485 98,370
Creditors: amounts falling due within one year
(7,778) (7,995)
Net current assets 80,707 90,375
Total assets less current liabilities 1,692,092 1,686,299
Creditors: Amounts falling due after more than one year
(352,613) (374,027)
Provisions for liabilities (134,002) (131,058)
NET ASSETS 1,205,477 1,181,214
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,205,475 1,181,212
TOTAL EQUITY 1,205,477 1,181,214
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 28 February 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05055856
Form Property Limited
Balance sheet - continued
as at 28 February 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr P Ford, Director
22 May 2026
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Form Property Limited
Notes to the financial statements
for the year ended 28 February 2026
1 Company information
Form Property Limited is a private company registered in England and Wales. Its registered number is 05055856. The company is limited by shares. Its registered office is 7 Balmoral Close, Gosport, Hants, PO13 0XJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold Property - No depreciation, property is revalued each year
Leasehold Property - No Depreciation property is revalued each year
Plant and machinery etc.:
Computer Equipment - 15% straight line
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Form Property Limited
Notes to the financial statements - continued
for the year ended 28 February 2026
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was Nil (2025 - Nil).
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 March 2025 1,595,798 230 1,596,028
Revaluations 15,496 - 15,496
At 28 February 2026 1,611,294 230 1,611,524
Depreciation
At 1 March 2025 - 104 104
Charge for year - 35 35
At 28 February 2026 - 139 139
Net book value
At 28 February 2026 1,611,294 91 1,611,385
At 28 February 2025 1,595,798 126 1,595,924
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Form Property Limited
Notes to the financial statements - continued
for the year ended 28 February 2026
5 Debtors
2026 2025
£ £
Amounts owed by participating interests 9,000 9,500
Other debtors 2,850 2,850
Prepayments and accrued income 1,312 1,954
13,162 14,304
Mr R Ormshaw owed the company £9000 at the 28 February 2026
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025.
2026 2025
£ £
Mr R I Ormshaw
Balance outstanding at start of year 9,500 -
Amounts repaid (500) -
Balance outstanding at end of year 9,000 -
7 Reserves
£571,116 is not distributable as it relates to unrealised gains in the fair value adjustment of the properties
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