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REGISTERED NUMBER: 08558462 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Fenelon Storage UK Limited

Fenelon Storage UK Limited (Registered number: 08558462)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fenelon Storage UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Sheldon





REGISTERED OFFICE: Roften House
North Road
Ellesmere Port
Cheshire
CH65 1AB





REGISTERED NUMBER: 08558462 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Fenelon Storage UK Limited (Registered number: 08558462)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,101 -
Investments 5 4,481,200 4,480,200
4,509,301 4,480,200

CURRENT ASSETS
Debtors 6 307,360 100
Cash at bank 934,367 1,256
1,241,727 1,356
CREDITORS
Amounts falling due within one year 7 386,469 4,951,246
NET CURRENT ASSETS/(LIABILITIES) 855,258 (4,949,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,364,559

(469,690

)

CREDITORS
Amounts falling due after more than one
year

8

750,000

1,200,000
NET ASSETS/(LIABILITIES) 4,614,559 (1,669,690 )

CAPITAL AND RESERVES
Called up share capital 9 44 44
Capital redemption reserve 10 56 56
Retained earnings 10 4,614,459 (1,669,790 )
SHAREHOLDERS' FUNDS 4,614,559 (1,669,690 )

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.

Fenelon Storage UK Limited (Registered number: 08558462)

Balance Sheet - 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.

The financial statements were approved by the director and authorised for issue on 9 July 2024 and were signed by:





D Sheldon - Director


Fenelon Storage UK Limited (Registered number: 08558462)

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

1. STATUTORY INFORMATION

Fenelon Storage UK 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 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.

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

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

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 etc - 50% on reducing balance, 33% on reducing balance, 25% on reducing balance and 20% on cost

Investments in subsidiaries
Investments in subsidiaries are recognised at the lower of cost and fair value.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Fenelon Storage UK Limited (Registered number: 08558462)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
Additions 1,125 1,388 33,328 1,124 36,965
At 31 December 2023 1,125 1,388 33,328 1,124 36,965
DEPRECIATION
Charge for year 562 462 7,615 225 8,864
At 31 December 2023 562 462 7,615 225 8,864
NET BOOK VALUE
At 31 December 2023 563 926 25,713 899 28,101

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 4,480,200
Additions 1,000
At 31 December 2023 4,481,200
NET BOOK VALUE
At 31 December 2023 4,481,200
At 31 December 2022 4,480,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 300,000 -
Directors' current accounts 100 100
VAT 7,260 -
307,360 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 386,373 4,951,150
Tax 96 96
386,469 4,951,246

Fenelon Storage UK Limited (Registered number: 08558462)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other loans - 2-5 years 750,000 1,200,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 44 44

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 (1,669,790 ) 56 (1,669,734 )
Profit for the year 6,370,851 6,370,851
Dividends (86,602 ) (86,602 )
At 31 December 2023 4,614,459 56 4,614,515

11. RELATED PARTY DISCLOSURES

As at 31 December 2023, the company owed £86,473 (2022 - £4,951,150) to its subsidiary companies.

The loan is interest free and repayable on demand.