Forty Nine Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03925728

Forty Nine Ltd

Filleted Unaudited Financial Statements

28 February 2026

Forty Nine Ltd

Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Investment property	5		2,009,989	2,009,989

Current assets

Debtors	6	1,200	–
Cash at bank and in hand		3,834	2,372
		-------	-------
		5,034	2,372

Creditors: amounts falling due within one year	7	27,007		22,973
		--------		--------
Net current liabilities			21,973	20,601
			------------	------------
Total assets less current liabilities			1,988,016	1,989,388

Creditors: amounts falling due after more than one year	8		746,124	746,124

Provisions

Taxation including deferred tax	157,415	157,415
	------------	------------
Net assets	1,084,477	1,085,849
	------------	------------

Capital and reserves

Called up share capital		100	100
Profit and loss account	9	1,084,377	1,085,749
		------------	------------
Shareholders funds		1,084,477	1,085,849
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Forty Nine Ltd

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 25 September 2026 , and are signed on behalf of the board by:

Mrs B J Sinclair

Director

Company registration number: 03925728

Forty Nine Ltd

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hurst House, High Street, Ripley, Surrey, GU23 6AY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the total amount receivable by the company in the ordinary course of business from the rental of property. Rental income is accrued on a time basis, by reference to the agreements entered.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. Investment property

	Investment property
	£
Cost
At 1 March 2025 and 28 February 2026	2,009,989
	------------
Depreciation
At 1 March 2025 and 28 February 2026	–
	------------

Carrying amount
At 28 February 2026	2,009,989
	------------
At 28 February 2025	2,009,989
	------------

Cost or valuation at 28 February 2025 is represented by:

		2026
		£
	Cost	1,013,585
	Revaluations	996,404
		------------
	Valuation	2,009,989
		------------

Investment property was valued on an open market basis on 28 February 2025 by the directors.

The historical cost of the investment properties, included above at a valuation of £2,009,989 (2024: £2,009,989)

6. Debtors

	2026	2025
	£	£
Other debtors	1,200	–
	-------	----

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	406	59
Other creditors	26,601	22,914
	--------	--------
	27,007	22,973
	--------	--------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	746,124	746,124
	---------	---------

Amounts falling due in more than five years:

	2026	2025
	£	£
Repayable by instalments
Bank loans	746,124	746,124
	---------	---------

9. Reserves

	Distrib-utable reserves	Revaluation reserve	Deferred tax	Total P&L reserve
	£	£	£	£
Opening balance 1 Mar 2024	246,503	996,404	(157,415)	1,085,492
Movements	2,257	–	–	2,257
	---------	---------	---------	------------
Closing balance 28 Feb 2025	248,760	996,404	(157,415)	1,087,749
	---------	---------	---------	------------
Opening balance 1 Mar 2025	248,760	996,404	(157,415)	1,087,749
Movements	(1,372)	–	–	(1,372)
	---------	---------	---------	------------
Closing balance 28 Feb 2026	247,388	996,404	(157,415)	1,086,377
	---------	---------	---------	------------

The total amount of distributable reserves as at 28 February 2026 was £247,388 (2025: £248,760). The fair value reserve, which under FRS 102 1A has been combined with the profit and loss reserve, is part of non-distributable reserves. The deferred tax provision, which has been recognised under FRS 102 1A, is also part of non-distributable reserves.