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REGISTERED NUMBER: SC607376 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Fentiman Investment Ltd

Fentiman Investment Ltd (Registered number: SC607376)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Fentiman Investment Ltd (Registered number: SC607376)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Investments 4 507,667 469,162

CURRENT ASSETS
Cash at bank 31,890 101,390

CREDITORS
Amounts falling due within one year 5 (509,389 ) (509,912 )
NET CURRENT LIABILITIES (477,499 ) (408,522 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,168

60,640

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 30,065 60,537
30,168 60,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 August 2023 and were signed by:





Mr P Findlay - Director


Fentiman Investment Ltd (Registered number: SC607376)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Fentiman Investment Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC607376. The registered office is 49 Nile Grove, Edinburgh, EH10 4RE.

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.

Taxation
Taxation for the year 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 year 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Fentiman Investment Ltd (Registered number: SC607376)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 469,162
Additions 90,017
Disposals (20,000 )
Revaluations (31,512 )
At 31 March 2023 507,667
NET BOOK VALUE
At 31 March 2023 507,667
At 31 March 2022 469,162

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2023 (31,512 )
Valuation in 2022 (22,150 )
Valuation in 2021 2,017
Valuation in 2020 9,610
Cost 549,702
507,667

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to related parties 3,500 3,500
Taxation and social security 3,590 4,113
Other creditors 502,299 502,299
509,389 509,912

6. RELATED PARTY DISCLOSURES

At the period ended 31st March 2023 £3,500 (31st March 2022 £3,500) was owed to a company under common control.