Registration number: 00416729

Falcon Mews Developments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Falcon Mews Developments Limited

Company Information

Directors

Mr Philip David Russell Mrs Joanne Downer Mrs Ellis Elizabeth Russell

Registered office

Highfields Gatehouse Road Upton Ryde Isle Of Wight England PO33 4BS

Falcon Mews Developments Limited

(Registration number: 00416729)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	6	3,150,000	3,150,000
Current assets
Debtors	7	313	16,351
Cash at bank and in hand		28,423	29,082
		28,736	45,433
Creditors: Amounts falling due within one year	8	(135,724)	(169,625)
Net current liabilities		(106,988)	(124,192)
Total assets less current liabilities		3,043,012	3,025,808
Provisions for liabilities		(475,098)	(475,098)
Net assets		2,567,914	2,550,710
Capital and reserves
Called up share capital		9,906	9,906
Retained earnings		2,558,008	2,540,804
Shareholders' funds		2,567,914	2,550,710

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 October 2026 and signed on its behalf by:
 

......................................... Mrs Joanne Downer Director

Falcon Mews Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Highfields Gatehouse Road
Upton
Ryde
Isle Of Wight
PO33 4BS
England

These financial statements were authorised for issue by the Board on 19 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

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 turnover 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Falcon Mews Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Plant and machinery	50% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

4

Taxation

Tax charged/(credited) in the profit and loss account

Falcon Mews Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

	2026 £	2025 £
Current taxation
UK corporation tax	34,091	34,246

5	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	4,776	4,776
At 31 March 2026	4,776	4,776
Depreciation
At 1 April 2025	4,776	4,776
At 31 March 2026	4,776	4,776
Carrying amount
At 31 March 2026	-	-

6	Investment properties

	2026 £
At 1 April	3,150,000
At 31 March	3,150,000

The property at 46 Oakmead has been revalued at 31 March 2022 to £3,150,000 by Kemsley Property Consultants based on market value and market rent. The directors are of the opinion that the values have not changed at 31 March 2026. There have been no changes in fair value this period.

7

Debtors

Current	2026 £	2025 £
Other debtors	313	16,351
	313	16,351

Falcon Mews Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	600	16,638
Taxation and social security	34,091	34,246
Other creditors	101,033	118,741
	135,724	169,625

9	Provisions for liabilities

	Deferred tax £	Total £
At 1 April 2025	475,098	475,098
At 31 March 2026	475,098	475,098

10	Related party transactions

Included within other creditors, there is an amount owed to the directors of £95,098 (2025: £113,393).

Falcon Mews Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

11	Financial instruments

Categorisation of financial instruments

2026 £

2025 £