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REGISTERED NUMBER: 09887721 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

TWO FAT FELLOWS LTD

TWO FAT FELLOWS LTD (REGISTERED NUMBER: 09887721)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


TWO FAT FELLOWS LTD (REGISTERED NUMBER: 09887721)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 492,432 426,266

CURRENT ASSETS
Stocks 3,107 9,821
Debtors 5 5,011 3,325
Cash at bank and in hand - 19,817
8,118 32,963
CREDITORS
Amounts falling due within one year 6 378,885 198,719
NET CURRENT LIABILITIES (370,767 ) (165,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,665

260,510

CREDITORS
Amounts falling due after more than one
year

7

-

(206,463

)

PROVISIONS FOR LIABILITIES (19,260 ) (6,581 )
NET ASSETS 102,405 47,466

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 70,052 -
Retained earnings 32,253 47,366
102,405 47,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

TWO FAT FELLOWS LTD (REGISTERED NUMBER: 09887721)

Balance Sheet - continued
30 November 2023


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 23 August 2024 and were signed on its behalf by:





Mr J N Hubbard - Director


TWO FAT FELLOWS LTD (REGISTERED NUMBER: 09887721)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Two Fat Fellows Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09887721

Registered office: 7 Marconi Gate
Stafford
Staffordshire
ST18 0FZ

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.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation, stock and provisions are its critical accounting policies.

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

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


TWO FAT FELLOWS LTD (REGISTERED NUMBER: 09887721)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

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 year was 15 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2022 394,948 - 61,113 456,061
Additions - 595 395 990
Revaluations 70,052 - - 70,052
At 30 November 2023 465,000 595 61,508 527,103
DEPRECIATION
At 1 December 2022 - - 29,795 29,795
Charge for year - 119 4,757 4,876
At 30 November 2023 - 119 34,552 34,671
NET BOOK VALUE
At 30 November 2023 465,000 476 26,956 492,432
At 30 November 2022 394,948 - 31,318 426,266

Cost or valuation at 30 November 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2023 465,000 595 61,508 527,103

TWO FAT FELLOWS LTD (REGISTERED NUMBER: 09887721)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 5,011 3,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 239,069 25,743
Trade creditors 7,835 17,845
Taxation and social security 33,627 35,317
Other creditors 98,354 119,814
378,885 198,719

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 206,463

8. RESERVES
Revaluation
reserve
£   
Fair Value Reserve Revaluation 70,052

At 30 November 2023 70,052