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REGISTERED NUMBER: 01321963 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Fetton Limited

Fetton Limited (Registered number: 01321963)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Fetton Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M F Kaya
Mrs D Kaya
Mr A R Ahmad





REGISTERED OFFICE: Grove House
774-780 Wilmslow Road
Didsbury
Manchester
M20 2DR





REGISTERED NUMBER: 01321963 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Fetton Limited (Registered number: 01321963)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 91,083 93,195

CURRENT ASSETS
Stocks 15,508 12,000
Debtors 5 132,513 39,307
Cash at bank and in hand 19,884 1,834
167,905 53,141
CREDITORS
Amounts falling due within one year 6 (87,972 ) (126,326 )
NET CURRENT ASSETS/(LIABILITIES) 79,933 (73,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,016

20,010

CREDITORS
Amounts falling due after more than one
year

7

(405,122

)

(287,756

)
NET LIABILITIES (234,106 ) (267,746 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (234,206 ) (267,846 )
(234,106 ) (267,746 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Fetton Limited (Registered number: 01321963)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





Mr M F Kaya - Director


Fetton Limited (Registered number: 01321963)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fetton 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.

At 31st March 2024 the company had net current assets of £79,933 (2023 net current liabilities of : £73,185), and total net liabilities of £234,106 (2023: £267,746). The company relies on the loan funding provided by its investors. The director is of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its investors.

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.
Short leasehold - Over the term of the lease
Improvements to property - Over the term of the lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fetton Limited (Registered number: 01321963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 8,224 111,966 520,352 18,173 658,715
Additions - - 14,437 - 14,437
At 31 March 2024 8,224 111,966 534,789 18,173 673,152
DEPRECIATION
At 1 April 2023 4,295 97,189 446,172 17,864 565,520
Charge for year 548 2,463 13,292 246 16,549
At 31 March 2024 4,843 99,652 459,464 18,110 582,069
NET BOOK VALUE
At 31 March 2024 3,381 12,314 75,325 63 91,083
At 31 March 2023 3,929 14,777 74,180 309 93,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other Debtors - 14,460
Payments on account 504 -
Other debtors 37,958 -
Deferred tax asset 69,025 -
Prepayments 25,026 24,847
132,513 39,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 283
Trade creditors 45,806 57,696
Social security and other taxes 10,486 22,174
Pensions - 134
VAT 25,426 44,005
Accrued expenses 6,254 2,034
87,972 126,326

Fetton Limited (Registered number: 01321963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 241,651 236,651
Bank loan 39,140 45,400
Directors' loan accounts 124,331 5,705
405,122 287,756

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 31st March 2024 of £1,482,520 (2023: £1,591,260).

The company had outstanding commitments in respect of BBL loan as at 31st March 2024 of £39,140 (2023: £45,400.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Mr A R Ahmad
Balance outstanding at start of year 4,000 -
Amounts advanced 134,885 4,000
Amounts repaid (33,259 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,626 4,000

Mr M F Kaya
Balance outstanding at start of year 1,705 32,282
Amounts advanced 17,000 92,542
Amounts repaid - (123,119 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,705 1,705

10. RELATED PARTY DISCLOSURES

M1 Metro Limited

A company in which Mr Ahmad is a director.


2024 2023
£    £   
Amount due from related party at the balance sheet date 17,356 -

Fetton Limited (Registered number: 01321963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RELATED PARTY DISCLOSURES - continued

SPV Entertainment Ltd

A company in which Mr Ahmad is a director.


2024 2023
£    £   
Amount due from related party at the balance sheet date 20,603 -

Haleberry Ltd

A company in which Mr Ahmad is a director.


2024 2023
£    £   
Amount due to related party at the balance sheet date 236,651 -

Café Istanbul Takeout Ltd

A company in which Mr Ahmad is a director.


2024 2023
£    £   
Amount due from related party at the balance sheet date 5,000 -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A R Ahmad.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fetton Limited

The following reproduces the text of the report prepared for the directors in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fetton Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fetton Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fetton Limited and state those matters that we have agreed to state to the Board of Directors of Fetton Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fetton Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fetton Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fetton Limited. You consider that Fetton Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fetton Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................