REGISTERED NUMBER: 08007833 (England and Wales)

Unaudited Financial Statements

for the Period

1 April 2026 to 30 September 2026

for

Francis David Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Grimshaw

J F Daly

REGISTERED OFFICE:

Chartered House

Axis Court

Nepshaw Lane South

Leeds

West Yorkshire

LS27 7UY

REGISTERED NUMBER:

08007833 (England and Wales)

ACCOUNTANTS:

Equate Limited

Chartered Certified Accountants

The Hive Wakefield

142 Thornes Lane

Wakefield

West Yorkshire

WF2 7RE

FIXED ASSETS

Tangible assets

4

-

6,040

Investment property

5

-

600,000

-

606,040

CURRENT ASSETS

Debtors

6

2,400

2,736

Cash at bank

67,173

20,202

69,573

22,938

CREDITORS

Amounts falling due within one year

7

35,276

21,438

NET CURRENT ASSETS

34,297

1,500

TOTAL ASSETS LESS CURRENT LIABILITIES

34,297

607,540

PROVISIONS FOR LIABILITIES

8

-

79,411

NET ASSETS

34,297

528,129

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

34,295

528,127

SHAREHOLDERS' FUNDS

34,297

528,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

N D Grimshaw - Director

1.	STATUTORY INFORMATION

Francis David Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

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 have been enacted or substantively enacted by the period end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2026 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2026

26,191

4,330

30,521

Disposals

(26,191

)

(4,330

)

(30,521

)

At 30 September 2026

-

-

-

DEPRECIATION

At 1 April 2026

23,039

1,442

24,481

Charge for period

236

720

956

Eliminated on disposal

(23,275

)

(2,162

)

(25,437

)

At 30 September 2026

-

-

-

NET BOOK VALUE

At 30 September 2026

-

-

-

At 31 March 2026

3,152

2,888

6,040

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2026

600,000

Disposals

(600,000

)

At 30 September 2026

-

NET BOOK VALUE

At 30 September 2026

-

At 31 March 2026

600,000

The directors deem the market value of the investment property to be £600,000 based on local property data.

Fair value at 30 September 2026 is represented by:

£

Valuation in 2023

600,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.26

31.3.26

£

£

Trade debtors

2,400

2,387

Prepayments and accrued income

-

349

2,400

2,736

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.26

31.3.26

£

£

Tax

34,585

17,273

VAT

691

3,046

Accruals and deferred income

-

1,119

35,276

21,438

8.	PROVISIONS FOR LIABILITIES

30.9.26

31.3.26

£

£

Deferred tax

Accelerated capital allowances

-

1,510

Other timing differences

-

77,901

-

79,411

Deferred

tax

£

Balance at 1 April 2026

79,411

Utilised during period

(79,411

)

Balance at 30 September 2026

-

9.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of GHLTD Investments Limited and Daly Investments Limited.