Freshways Lettings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10108097

Freshways Lettings Limited

Filleted Unaudited Financial Statements

31 December 2025

Freshways Lettings Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	24,604,750	24,811,934

Current assets

Debtors	7	1,068,350	1,335,117
Cash at bank and in hand		595,923	557,791
		---------------	---------------
		1,664,273	1,892,908

Creditors: amounts falling due within one year	8	11,496,745	11,805,782
		---------------	---------------
Net current liabilities		9,832,472	9,912,874
		---------------	---------------
Total assets less current liabilities		14,772,278	14,899,060

Creditors: amounts falling due after more than one year	9	14,686,200	14,760,000

Provisions

Taxation including deferred tax	10	27,454	15,407
		---------------	---------------
Net assets		58,624	123,653
		---------------	---------------

Freshways Lettings Limited

Statement of Financial Position (continued)

31 December 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	12	1	1
Profit and loss account	13	58,623	123,652
		----------	-----------
Shareholders funds		58,624	123,653
		----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

Mr Balvinder Singh Nijjar

Director

Company registration number: 10108097

Freshways Lettings Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Second Floor Park View, Riverside Way, Camberley, GU15 3YL, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long Leasehold Property (less residual land value)	-	1% straight line
Fixtures and Fittings	-	10% and 20% straight line

Assets acquired before 2021 are depreciated at a straight line rate of 10%. Assets acquired in 2021 onwards are depreciated at a straight line rate of 20%.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tax on (loss)/profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	47,057	79,397
Adjustments in respect of prior periods	( 8,896)	80
	----------	----------
Total current tax	38,161	79,477
	----------	----------

Deferred tax:

Origination and reversal of timing differences	12,046	( 8,478)
	----------	----------
Tax on (loss)/profit	50,207	70,999
	----------	----------

Reconciliation of tax expense

The tax assessed on the (loss)/profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
(Loss)/profit on ordinary activities before taxation	( 14,822)	104,224
	----------	-----------
(Loss)/profit on ordinary activities by rate of tax	( 3,706)	26,056
Adjustment to tax charge in respect of prior periods	( 8,896)	80
Effect of expenses not deductible for tax purposes	5	–
Effect of capital allowances and depreciation	50,758	53,341
Other tax adjustment to increase/(decrease) tax liability	12,046	( 8,478)
	----------	-----------
Tax on (loss)/profit	50,207	70,999
	----------	-----------

6. Tangible assets

	Long leasehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2025	26,011,317	305,195	26,316,512
Additions	–	57,847	57,847
Disposals	–	( 61,487)	( 61,487)
	---------------	-----------	---------------
At 31 December 2025	26,011,317	301,555	26,312,872
	---------------	-----------	---------------
Depreciation
At 1 January 2025	1,315,679	188,899	1,504,578
Charge for the year	210,113	40,764	250,877
Disposals	–	( 47,333)	( 47,333)
	---------------	-----------	---------------
At 31 December 2025	1,525,792	182,330	1,708,122
	---------------	-----------	---------------
Carrying amount
At 31 December 2025	24,485,525	119,225	24,604,750
	---------------	-----------	---------------
At 31 December 2024	24,695,638	116,296	24,811,934
	---------------	-----------	---------------

7. Debtors

	2025	2024
	£	£
Trade debtors	45,158	6,825
Amounts owed by group undertakings and undertakings in which the company has a participating interest	563,438	563,154
Prepayments and accrued income	81,486	408,520
Other debtors	378,268	356,618
	---------------	---------------
	1,068,350	1,335,117
	---------------	---------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,932	5,523
Amounts owed to group undertakings and undertakings in which the company has a participating interest	497	497
Corporation tax	47,057	79,397
Social security and other taxes	43,737	13,109
Accruals & Deferred Income	10,953	16,639
Other creditors	11,388,569	11,690,617
	---------------	---------------
	11,496,745	11,805,782
	---------------	---------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	14,686,200	14,760,000
	---------------	---------------

This bank loan is secured by way of first legal charge on all freehold and leasehold properties of the company.

10. Provisions

	Deferred tax (note 11)
	£
At 1 January 2025	15,407
Other movements	12,047
	----------
At 31 December 2025	27,454
	----------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	27,454	15,407
	----------	----------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	27,454	15,407
	----------	----------

Deferred tax rate has been charged at 25% to agree to future tax rates.

12. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	-----	-----	-----	-----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	-----	-----	-----	-----

13. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

14. Directors' advances, credits and guarantees

The director loan account was not overdrawn at any point during the year.

15. Related party transactions

The company is owned 100% by Nijjar Family Limited (NFL). The shares in NFL are held by three trusts in the name of the three directors of the company. The directors are the key management personnel of the company. Dividends There were no dividends paid to the directors during the year. The following transactions took place between related parties:

	2025	2024
	£	£
Debtors balance with group companies	563,428	563,154
Debtors balance with related companies	378,268	356,618
Creditors balance with group companies	497	497
Creditors balance with related companies	11,388,569	11,688,233
Management fees	327,180	627,180

The company directors & their family control the related companies. A second charge indemnity has been given over leasehold properties of the company for an associated company's liability which is owned by the directors for £2.03 million (2024: £2.93 million) during the year.

16. Ultimate holding company

Nijjar Family Limited (a company incorporated in England & Wales) is the immediate and ultimate parent undertaking of Freshways Lettings Limited