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REGISTERED NUMBER: 01590924 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

FN Holdings Ltd

FN Holdings Ltd (Registered number: 01590924)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FN Holdings Ltd

Company Information
for the Year Ended 5 April 2024







DIRECTORS: L Newton
Mrs P Newton





SECRETARY: Mrs P Newton





REGISTERED OFFICE: Burf Lodge
Hampstall Lane
Astley Burf
Stourport on Severn
Worcestershire
DY13 0RX





REGISTERED NUMBER: 01590924 (England and Wales)





ACCOUNTANTS: Moneywise Midlands
Office 4, Third Floor
26 Church Street
Kidderminster
Worcestershire
DY10 2AR

FN Holdings Ltd (Registered number: 01590924)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,659 311,681
Investments 5 5,451,954 4,906,677
5,749,613 5,218,358

CURRENT ASSETS
Debtors 6 107,870 124,219
Cash at bank 331,943 358,295
439,813 482,514
CREDITORS
Amounts falling due within one year 7 46,675 44,361
NET CURRENT ASSETS 393,138 438,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,142,751

5,656,511

CAPITAL AND RESERVES
Called up share capital 8 2,228 2,228
Share premium 9 348,912 348,912
Capital redemption reserve 9 1,396 1,396
Retained earnings 9 5,790,215 5,303,975
SHAREHOLDERS' FUNDS 6,142,751 5,656,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

FN Holdings Ltd (Registered number: 01590924)

Balance Sheet - continued
5 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





L Newton - Director


FN Holdings Ltd (Registered number: 01590924)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

FN Holdings Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 20 years
Plant and machinery - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

FN Holdings Ltd (Registered number: 01590924)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 6 April 2023 309,514 16,290 325,804
Additions - 3,233 3,233
At 5 April 2024 309,514 19,523 329,037
DEPRECIATION
At 6 April 2023 - 14,123 14,123
Charge for year 15,475 1,780 17,255
At 5 April 2024 15,475 15,903 31,378
NET BOOK VALUE
At 5 April 2024 294,039 3,620 297,659
At 5 April 2023 309,514 2,167 311,681

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2023 4,906,677
Disposals (104,580 )
Revaluations 649,857
At 5 April 2024 5,451,954
NET BOOK VALUE
At 5 April 2024 5,451,954
At 5 April 2023 4,906,677

Cost or valuation at 5 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 5,451,954

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other debtors 107,870 124,219

FN Holdings Ltd (Registered number: 01590924)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Debtors includes a balance due after more than one year of £85,411 (2023: £51,693).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Social security and other taxes 1,845 5,056
Other creditors 44,830 39,305
46,675 44,361

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
2,228 Share capital 1 1 2,228 2,228

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 6 April 2023 5,303,975 348,912 1,396 5,654,283
Profit for the year 661,240 661,240
Dividends (175,000 ) (175,000 )
At 5 April 2024 5,790,215 348,912 1,396 6,140,523

10. RELATED PARTY DISCLOSURES

The company was under the control of Mr L D Newton throughout the current and previous year.

At 5 April 2024, a mortgage loan of £93,425 (2023: £59,749) was owing jointly by Mr A Newton and three others. Mr A Newton is the son of Mr L and Mrs P Newton. He also has an interest in FN Holdings Ltd as a beneficiary under a trust which holds 873 Ordinary £1 shares. The mortgage loan is secured on freehold property, carries interest at 4.25% per annum and is repayable in equal monthly installments over 15 years commencing in March 2014.

During the year dividends were paid to Mr L Newton amounting to £79,882 (2023: £79,882) and Mrs P Newton amounting to £26,548 (2023: £26,548).