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REGISTERED NUMBER: 00428338 (England and Wales)












FENWICK'S STORAGE AND TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 5


FENWICK'S STORAGE AND TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M Fenwick



SECRETARY: M Fenwick



REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Hampshire
SO53 4AR



REGISTERED NUMBER: 00428338 (England and Wales)



BANKERS: National Westminster Bank plc
27 Market Place
Romsey
Hampshire
SO51 8ZH

FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 487 -
Investments 5 856,621 780,404
Investment property 6 37,500 37,500
894,608 817,904

CURRENT ASSETS
Debtors 7 1,042,692 997,609
Cash at bank 87,258 142,224
1,129,950 1,139,833
CREDITORS
Amounts falling due within one year 8 (20,004 ) (18,785 )
NET CURRENT ASSETS 1,109,946 1,121,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,004,554

1,938,952

PROVISIONS FOR LIABILITIES (18,194 ) -
NET ASSETS 1,986,360 1,938,952

CAPITAL AND RESERVES
Called up share capital 10,306 10,306
Non - distributable reserves 76,936 -
Retained earnings 1,899,118 1,928,646
SHAREHOLDERS' FUNDS 1,986,360 1,938,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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.

FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023



The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





M Fenwick - Director


FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Fenwick's Storage and Transport 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure Is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents rental income from properties, excluding value added tax. Income is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.


FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 statement of financial position 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.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 January 2023 1,472
Additions 649
At 31 December 2023 2,121
DEPRECIATION
At 1 January 2023 1,472
Charge for year 162
At 31 December 2023 1,634
NET BOOK VALUE
At 31 December 2023 487
At 31 December 2022 -

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1 January 2023 780,404
Additions (12,176 )
Revaluations 88,393
At 31 December 2023 856,621
NET BOOK VALUE
At 31 December 2023 856,621
At 31 December 2022 780,404

FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£
Valuation in 2020 43,742
Valuation in 2021 86,309
Valuation in 2022 (167,449 )
Valuation in 2023 76,217
Cost 817,802
856,621

Fixed asset investments were valued on an open market basis on 31 December 2023 by the fund managers.

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 37,500
NET BOOK VALUE
At 31 December 2023 37,500
At 31 December 2022 37,500

The investment property was valued on a fair value basis on 31 December 2023 by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 1,042,692 997,609

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors - 1
Taxation and social security 12,860 11,849
Other creditors 7,144 6,935
20,004 18,785

FENWICK'S STORAGE AND TRANSPORT LIMITED (REGISTERED NUMBER: 00428338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £47,795 (2022: £34,566) were made to the company's director. £10,350 (2022: £389) was repaid prior to the year-end. The balance outstanding at the year-end was £170,421 (2022: £132,976).There is no interest charged on this loan and the advances are repayable on demand.