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Company registration number: 12681974
Fawnick Investments Limited
Unaudited filleted financial statements
for the year ended
30 June 2024
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
Fawnick Investments Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Fawnick Investments Limited
Directors and other information
Director Nicholas Paul David Winks
Company number 12681974
Registered office Bury House
Mamble Road
Clows Top
Mamble, Worcestershire
DY14 9HX
Business address Bury House
Mamble Road
Clows Top
Mamble, Worcestershire
DY14 9HX
Accountants Thomas Nock Martin Limited
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
Fawnick Investments Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Fawnick Investments Limited
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fawnick Investments Limited for the year ended 30 June 2024 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Fawnick Investments Limited, as a body, in accordance with the terms of our engagement letter dated 7 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Fawnick Investments Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fawnick Investments Limited and its director as a body for our work or for this report.
It is your duty to ensure that Fawnick Investments 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 Fawnick Investments Limited. You consider that Fawnick Investments 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 Fawnick Investments 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.
Thomas Nock Martin Limited
Chartered Accountants
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
4 October 2024
Fawnick Investments Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 5 1,164,238 911,937
_________ _______
1,164,238 911,937
Current assets
Debtors 6 8,026 26
Cash at bank and in hand 77 2,633
_______ _______
8,103 2,659
Creditors: amounts falling due
within one year 7 ( 357,216) ( 225,059)
_______ _______
Net current liabilities ( 349,113) ( 222,400)
_______ _______
Net assets 815,125 689,537
_______ _______
Capital and reserves
Called up share capital 8 4 4
Profit and loss account 815,121 689,533
_______ _______
Shareholder funds 815,125 689,537
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 October 2024 , and are signed on behalf of the board by:
Nicholas Paul David Winks
Director
Company registration number: 12681974
Fawnick Investments Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bury House, Mamble Road, Clows Top, Mamble, Worcestershire, DY14 9HX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors, other debtors and creditors.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Investments
Other investments other than loans Total
£ £
Valuation
At 1 July 2023 911,936 911,936
Additions 619,517 619,517
Disposals ( 542,853) ( 542,853)
Fair value adjustment 175,638 175,638
_________ _________
At 30 June 2024 1,164,238 1,164,238
_________ _________
Impairment
At 1 July 2023 and 30 June 2024 - -
_________ _________
Carrying amount
At 30 June 2024 1,164,238 1,164,238
_________ _________
At 30 June 2023 911,936 911,936
_________ _________
6. Debtors
2024 2023
£ £
Other debtors 8,026 26
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 357,216 225,059
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 0.01 each 200 2 200 2
Ordinary B shares of £ 0.01 each 200 2 200 2
_______ _______ _______ _______
400 4 400 4
_______ _______ _______ _______