Frankel Property Ltd - Filleted accounts

Registered number

12435043

Frankel Property Ltd

Filleted Accounts

31 January 2026

Frankel Property Ltd
Registered number:		12435043
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		180,000			180,000

Current assets
Cash at bank and in hand		496			807

Creditors: amounts falling due within one year	4	(21,319)			(19,339)

Net current liabilities			(20,823)			(18,532)

Total assets less current liabilities			159,177			161,468

Creditors: amounts falling due after more than one year	5		(95,703)			(99,366)

Provisions for liabilities			(11,369)			(11,108)


Net assets			52,105			50,994

Capital and reserves
Called up share capital			1			1
Revaluation reserve	6		95,000			95,000
Profit and loss account			(42,896)			(44,007)

Shareholder's funds			52,105			50,994

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 member has 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.
These accounts have been prepared on the going concern basis, on the understanding that the director will continue to financially support the company for the foreseeable future.
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.

M Henry
Director
Approved by the board on 21 October 2026

Frankel Property Ltd
Notes to the Accounts
for the year ended 31 January 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 February 2025				180,000
	At 31 January 2026				180,000

	Depreciation
	At 31 January 2026				-

	Net book value
	At 31 January 2026				180,000
	At 31 January 2025				180,000


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

	Bank loans and overdrafts		3,991		9,260
	Directors Loan		15,894		8,679
	Other creditors		1,434		1,400
			21,319		19,339


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

	Bank loans		-		3,991
	Other creditors		95,703		95,375
			95,703		99,366


6	Revaluation reserve		2026		2025
£				£

	At 1 February 2025		95,000		113,050
	Deferred taxation arising on the revaluation of land and buildings		-		(18,050)

	At 31 January 2026		95,000		95,000


7	Retained earnings
	The split of retained earnings between distributable and non-distributable is as follows:

		£	£		£

	As at 31st January 2024	(44,007)	95,000		50,993
	Profit for financial year	1,111			1,111
	Property revaluation movement		-		-
	Interest rate swap adjustment				-
	Deferred tax on investment property		-		-
	Deferred tax on interest swap				-
					-
		(42,896)	95,000		52,104


8	Other information

	Frankel Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	37 Trimpley Road
	Birmingham
	B32 3PE