F1 Properties Ltd - Filleted accounts

Registered number

11935968

F1 Properties Ltd

Filleted Accounts

30 April 2026

F1 Properties Ltd
Registered number:		11935968
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		352,409			352,409

Current assets
Debtors	4	378			-
Cash at bank and in hand		2,571			10,609
		2,949			10,609

Creditors: amounts falling due within one year	5	(17,469)			(23,516)

Net current liabilities			(14,520)			(12,907)

Total assets less current liabilities			337,889			339,502

Creditors: amounts falling due after more than one year	6		(312,922)			(312,922)



Net assets			24,967			26,580

Capital and reserves
Called up share capital			200			200
Profit and loss account			24,767			26,380

Shareholders' funds			24,967			26,580

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Williams
Director
Approved by the board on 14 October 2026

F1 Properties Ltd
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	2		2


3	Investments

Other
investments
£
	Cost
	At 1 May 2025			352,409

	At 30 April 2026			352,409

	At 30 April 2026 the valuation of the investment properties held was reviewed by Mr M Williams and Mrs A Williams, the directors of the company. Following the review they are satisfied that the current valuation represents the fair value of the investment properties.


4	Debtors	2026		2025
£			£

	Other debtors	378		-


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Bank loans and overdrafts	-		5,000
	Trade creditors	50		-
	Taxation and social security costs	-		1,502
	Directors' loan account	16,561		16,198
	Other creditors	858		816
		17,469		23,516


6	Creditors: amounts falling due after one year	2026		2025
£			£

	Bank loans	312,922		312,922


7	Loans	2026		2025
£			£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years	312,922		312,922


	Secured bank loans	312,922		312,922

	The bank loans are secured on the investment properties owned by the company.


8	Controlling party

	In the opinion of the directors the company has no controlling party by virtue of the shareholdings in the company.


9	Other information

	F1 Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Bury Lodge
	Bury Road
	Stowmarket
	Suffolk
	IP14 1JA