Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01No description of principal activityfalse22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12650555 2023-07-01 2024-06-30 12650555 2022-07-01 2023-06-30 12650555 2024-06-30 12650555 2023-06-30 12650555 c:Director1 2023-07-01 2024-06-30 12650555 c:Director2 2023-07-01 2024-06-30 12650555 c:RegisteredOffice 2023-07-01 2024-06-30 12650555 c:Agent1 2023-07-01 2024-06-30 12650555 d:CurrentFinancialInstruments 2024-06-30 12650555 d:CurrentFinancialInstruments 2023-06-30 12650555 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12650555 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12650555 d:ShareCapital 2024-06-30 12650555 d:ShareCapital 2023-06-30 12650555 d:RetainedEarningsAccumulatedLosses 2024-06-30 12650555 d:RetainedEarningsAccumulatedLosses 2023-06-30 12650555 c:FRS102 2023-07-01 2024-06-30 12650555 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12650555 c:FullAccounts 2023-07-01 2024-06-30 12650555 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12650555 6 2023-07-01 2024-06-30 12650555 1 2024-06-30 12650555 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 12650555







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


FELLOWS INVESTMENTS LIMITED






































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FELLOWS INVESTMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
J Fellows 
W M Fellows 




Registered number
12650555



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY




Bankers
C Hoare & Co.
37 Fleet Street

London

EC4P 4DQ





 


FELLOWS INVESTMENTS LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5


 


FELLOWS INVESTMENTS LIMITED
REGISTERED NUMBER:12650555



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
10,164,046
9,781,115

  
10,164,046
9,781,115

Current assets
  

Cash at bank and in hand
  
36,187
81,826

  
36,187
81,826

Creditors: amounts falling due within one year
 5 
(3,165,059)
(3,069,435)

Net current liabilities
  
 
 
(3,128,872)
 
 
(2,987,609)

Total assets less current liabilities
  
7,035,174
6,793,506

  

Net assets
  
7,035,174
6,793,506


Capital and reserves
  

Called up share capital 
  
6,680,222
6,680,222

Profit and loss account
  
354,952
113,284

  
7,035,174
6,793,506


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 December 2024.



W M Fellows
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


FELLOWS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Fellows Investments Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The company's principal place of business is Torrington House, 111 Hare Lane, Esher, Surrey KT10 0QY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the Company gad net current liabilities of £3,119,003 (2023: £2,987,609). The directors have a reasonable expectation that the Company has adequate resources to continue for the foreseeable future and are willing to support the Company if required. For this reason, the directors have adopted the going concern policy of accounting in preparing these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Interest and dividend income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 


FELLOWS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 


FELLOWS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 July 2023
13,440,877
2,794,249
16,235,126


Additions
-
1,069,130
1,069,130


Disposals
-
(961,715)
(961,715)


Revaluations
-
275,516
275,516



At 30 June 2024

13,440,877
3,177,180
16,618,057



Impairment


At 1 July 2023
6,454,011
-
6,454,011



At 30 June 2024

6,454,011
-
6,454,011



Net book value



At 30 June 2024
6,986,866
3,177,180
10,164,046


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
100,000
-

Amounts owed to group undertakings
3,045,249
3,064,249

Amounts owed to other participating interests
5,009
504

Corporation tax
9,869
-

Other creditors
432
432

Accruals and deferred income
4,500
4,250

3,165,059
3,069,435



6.


Transactions with the directors

At the beginning of the year the directors owed the company £432 (2023 - £36,319). During the year the directors received advances of £nil (2023 - £3,249) and made repayments of £nil (2023 - £40,000). As at 30 June 2024 the company owed the directors £432 (2023 - £432). No interest has been charged on this loan.

Page 4

 


FELLOWS INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Related party transactions

As at 30 June 2024 included in note 5 is an amount owed to a shareholder of £5,009 (2023 - £504). No interest has been charged on this loan.

 
Page 5