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Registered number: 02263885
Fenmead Properties Limited
Financial Statements
For The Year Ended 30 June 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02263885
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,769 30,922
Investments 5 2,085,534 1,957,756
2,110,303 1,988,678
CURRENT ASSETS
Debtors 6 87,796 87,405
Cash at bank and in hand 213,288 255,085
301,084 342,490
Creditors: Amounts Falling Due Within One Year 7 (24,659 ) (9,331 )
NET CURRENT ASSETS (LIABILITIES) 276,425 333,159
TOTAL ASSETS LESS CURRENT LIABILITIES 2,386,728 2,321,837
Creditors: Amounts Falling Due After More Than One Year 8 (24,530 ) (29,046 )
NET ASSETS 2,362,198 2,292,791
CAPITAL AND RESERVES
Called up share capital 10 180,200 180,200
Capital redemption reserve 240,075 240,075
Profit and Loss Account 1,941,923 1,872,516
SHAREHOLDERS' FUNDS 2,362,198 2,292,791
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M R Helme
Director
16th September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fenmead Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02263885 . The registered office is 4 Greenbank Drive, Southport, Merseyside, PR8 2NN. The financial statements are presented in the company's presentation currency of GBP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 15% reducing balance
2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.4. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 47,290 1,325 48,615
As at 30 June 2024 47,290 1,325 48,615
Depreciation
As at 1 July 2023 17,024 669 17,693
Provided during the period 6,054 99 6,153
As at 30 June 2024 23,078 768 23,846
Net Book Value
As at 30 June 2024 24,212 557 24,769
As at 1 July 2023 30,266 656 30,922
5. Investments
Listed
£
Cost
As at 1 July 2023 1,957,756
Disposals (117,572 )
Revaluations 245,350
As at 30 June 2024 2,085,534
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 2,085,534
As at 1 July 2023 1,957,756
Page 4
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6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 17,796 16,745
Directors' loan accounts - 660
17,796 17,405
Due after more than one year
Other debtors 70,000 70,000
87,796 87,405
£70,000 of other debtors represents a loan secured against a residential property.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,469 6,469
Other creditors 18,190 2,862
24,659 9,331
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,530 29,046
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,469 6,469
Later than one year and not later than five years 24,530 29,046
30,999 35,515
30,999 35,515
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 180,200 180,200
Page 5
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11. Reserves
The capital redemption reserve relates to the redemption of preference shares on 20th September 2021 for £240,000 and the cancellation of ordinary B shares on 26th April 2022 for £75.
12. Ultimate Controlling Party
The company's ultimate controlling party is MRH Group Limited by virtue of its ownership of 100% of the issued share capital in the company.
Page 6