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REGISTERED NUMBER: 08558462 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Fenelon Storage UK Limited

Fenelon Storage UK Limited (Registered number: 08558462)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fenelon Storage UK Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: D Sheldon
Mrs T Patoff





REGISTERED OFFICE: Roften House
North Road
Ellesmere Port
Cheshire
CH65 1AB





REGISTERED NUMBER: 08558462 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Fenelon Storage UK Limited (Registered number: 08558462)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Investments 4 4,480,200 3,480,200

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 1,256 1,256
1,356 1,356
CREDITORS
Amounts falling due within one year 6 (4,470,496 ) (4,220,496 )
NET CURRENT LIABILITIES (4,469,140 ) (4,219,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,060

(738,940

)

CREDITORS
Amounts falling due after more than one year 7 (3,610,000 ) (3,860,000 )
NET LIABILITIES (3,598,940 ) (4,598,940 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (3,599,040 ) (4,599,040 )
SHAREHOLDERS' FUNDS (3,598,940 ) (4,598,940 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 15 August 2022 and were signed on its behalf by:





D Sheldon - Director


Fenelon Storage UK Limited (Registered number: 08558462)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Fenelon Storage UK 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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

Investments in subsidiaries
Investments in subsidiaries are recognised at the lower of cost and fair value.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021 3,480,200
Impairments 1,000,000
At 31 December 2021 4,480,200
NET BOOK VALUE
At 31 December 2021 4,480,200
At 31 December 2020 3,480,200

During the year £1,000,000 of previously written off impairment of an investment was re-instated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Directors' current accounts 100 100

Fenelon Storage UK Limited (Registered number: 08558462)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 30,001 30,001
Amounts owed to group undertakings 4,440,400 4,190,400
Tax 95 95
4,470,496 4,220,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Other loans - 2-5 years 3,610,000 3,860,000

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2021 (4,599,040 )
Profit for the year 1,000,000
At 31 December 2021 (3,599,040 )

10. RELATED PARTY DISCLOSURES

Fenelon Storage Tanks Limited : UK Branch is a subsidiary company of Fenelon Storage Tanks UK Limited. As at 31 December 2021 Fenelon Storage Tanks UK Limited owed Fenelon Storage Tanks Limited : UK Branch £2,830,000 (2020 - £2,830,000) in respect of an interest free loan.

The Tank Design House Limited is a subsidiary company of Fenelon Storage Tanks UK Limited. As at 31 December 2021 Fenelon Storage Tanks UK Limited owed The Tank Design House Limited £100 (2020 - £100) in respect of an interest free loan.

Fenelon Storage Tanks Limited is a subsidiary company of Fenelon Storage Tanks UK Limited. As at 31 December 2021, Fenelon Storage Tanks UK Limited owed Fenelon Storage Tanks Limited £1,610,300 (2020 - £1,360,300) in respect of an interest free loan..