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REGISTERED NUMBER: 05859026 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FNB HOLDINGS LTD

FNB HOLDINGS LTD (REGISTERED NUMBER: 05859026)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FNB HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr D Marshall
Mrs J Marshall



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 05859026 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC Bank Plc
7 Palace Avenue
Paignton
Devon
TQ3 3ED

FNB HOLDINGS LTD (REGISTERED NUMBER: 05859026)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,021 36,703
31,021 36,703

CURRENT ASSETS
Stocks 6 15,520 13,469
Debtors 7 3,373 9,206
Cash at bank and in hand 97,970 80,713
116,863 103,388
CREDITORS
Amounts falling due within one year 8 91,101 77,376
NET CURRENT ASSETS 25,762 26,012
TOTAL ASSETS LESS CURRENT LIABILITIES 56,783 62,715

CREDITORS
Amounts falling due after more than one
year

9

(28,703

)

(34,126

)

PROVISIONS FOR LIABILITIES (7,755 ) (6,974 )
NET ASSETS 20,325 21,615

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,323 21,613
SHAREHOLDERS' FUNDS 20,325 21,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

FNB HOLDINGS LTD (REGISTERED NUMBER: 05859026)

BALANCE SHEET - continued
30 JUNE 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 7 February 2025 and were signed on its behalf by:





Mr D Marshall - Director


FNB HOLDINGS LTD (REGISTERED NUMBER: 05859026)

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


1. STATUTORY INFORMATION

FNB 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% 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 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.

FNB HOLDINGS LTD (REGISTERED NUMBER: 05859026)

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


2. ACCOUNTING POLICIES - continued

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.

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 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 125,000
AMORTISATION
At 1 July 2023
and 30 June 2024 125,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 60,375 23,995 4,095 88,465
Additions 228 - 1,735 1,963
At 30 June 2024 60,603 23,995 5,830 90,428
DEPRECIATION
At 1 July 2023 35,008 14,603 2,151 51,762
Charge for year 3,839 2,348 1,458 7,645
At 30 June 2024 38,847 16,951 3,609 59,407
NET BOOK VALUE
At 30 June 2024 21,756 7,044 2,221 31,021
At 30 June 2023 25,367 9,392 1,944 36,703

6. STOCKS
2024 2023
£    £   
Stocks 15,520 13,469

FNB HOLDINGS LTD (REGISTERED NUMBER: 05859026)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,012 8,850
Prepayments 361 356
3,373 9,206

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,423 5,279
Trade creditors 14,618 29,844
Tax 23,116 13,236
Social security and other taxes 2,380 3,924
VAT 24,046 18,101
Other creditors 708 418
Directors' current accounts 9,427 3,884
Accrued expenses 2,383 2,690
91,101 77,376

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 23,136 28,559
Bank loans more 5 yr by instal 5,567 5,567
28,703 34,126

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,567 5,567

10. OTHER FINANCIAL COMMITMENTS

At 30 June 2024, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £10,599 (2023: £16,959).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr D Marshall and Mrs J Marshall
Balance outstanding at start of year (3,884 ) (65,568 )
Amounts advanced 113,921 129,084
Amounts repaid (119,464 ) (67,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,427 ) (3,884 )

FNB HOLDINGS LTD (REGISTERED NUMBER: 05859026)

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


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

During the year the company paid rent to the directors of £7,000 (2023 £7,000).

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £73,000 (2023 - £36,000) were paid to the directors .

13. GOVERNMENT BACKED LOAN

The bank loan of £34,122 (2023: £39,405) is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to May 2030.