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Registered number: 12751005
Fidem Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12751005
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,488 2,971
Investment Properties 5 305,000 281,501
306,488 284,472
CURRENT ASSETS
Debtors 6 487 465
Cash at bank and in hand 33,524 26,031
34,011 26,496
Creditors: Amounts Falling Due Within One Year 7 (87,968 ) (86,738 )
NET CURRENT ASSETS (LIABILITIES) (53,957 ) (60,242 )
TOTAL ASSETS LESS CURRENT LIABILITIES 252,531 224,230
Creditors: Amounts Falling Due After More Than One Year 8 (181,506 ) (181,506 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,528 ) -
NET ASSETS 66,497 42,724
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 66,397 42,624
SHAREHOLDERS' FUNDS 66,497 42,724
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Srinivasan
Director
16/10/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fidem Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12751005 . The registered office is 49 Melton Gardens, Edwalton, Nottingham, NG12 4BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of theliability for at least twelve months after the reporting date.
2.7. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2025 6,829 1,278 8,107
As at 31 March 2026 6,829 1,278 8,107
Depreciation
As at 1 April 2025 4,307 829 5,136
Provided during the period 1,366 117 1,483
As at 31 March 2026 5,673 946 6,619
Net Book Value
As at 31 March 2026 1,156 332 1,488
As at 1 April 2025 2,522 449 2,971
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 281,501
Revaluations 23,499
As at 31 March 2026 305,000
6. Debtors
2026 2025
£ £
Due within one year
Other debtors 487 465
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 86,493 86,499
Taxation and social security 1,475 239
87,968 86,738
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other loans 181,506 181,506
Secured Liabilities
The loan of £181,506 (2025: £181,506) is secured by a fixed charge over the company's investment properties.
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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