Company registration number 07093215 (England and Wales)
FONTHILL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
FONTHILL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FONTHILL LIMITED (REGISTERED NUMBER: 07093215)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
69,786
59,325
Current assets
Stocks
38,884
50,624
Debtors
4
231,570
131,810
Cash at bank and in hand
260,091
326,482
530,545
508,916
Creditors: amounts falling due within one year
5
(159,636)
(138,657)
Net current assets
370,909
370,259
Total assets less current liabilities
440,695
429,584
Creditors: amounts falling due after more than one year
7
(44,625)
(77,233)
Net assets
396,070
352,351
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
395,970
352,251
Total equity
396,070
352,351

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

FONTHILL LIMITED (REGISTERED NUMBER: 07093215)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
R Simm
Director
FONTHILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Fonthill Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents bar and food sales provided in the normal course of business and is recognised at the fair value of the consideration received and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
straight line over period of lease
Fixtures & equipment
25% on cost
Computer equipment
25% on cost
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

FONTHILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
26
25
3
Tangible fixed assets
Land and buildings Leasehold
Fixtures & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023
10,593
178,723
4,989
-
0
194,305
Additions
-
0
6,113
532
27,495
34,140
At 31 March 2024
10,593
184,836
5,521
27,495
228,445
Depreciation and impairment
At 1 April 2023
3,287
127,265
4,428
-
0
134,980
Depreciation charged in the year
530
21,530
473
1,146
23,679
At 31 March 2024
3,817
148,795
4,901
1,146
158,659
Carrying amount
At 31 March 2024
6,776
36,041
620
26,349
69,786
At 31 March 2023
7,306
51,458
561
-
0
59,325
FONTHILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
517
5,130
Other debtors
231,053
126,680
231,570
131,810
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
28,006
34,638
Trade creditors
56,391
42,079
Taxation and social security
53,081
44,348
Other creditors
22,158
17,592
159,636
138,657
6
Loans and overdrafts
2024
2023
£
£
Bank loans
62,238
111,440
Bank overdrafts
639
431
62,877
111,871
Payable within one year
28,006
34,638
Payable after one year
34,871
77,233

Included within bank loans is a loan of £nil (2023 - £21,837) which is secured by fixed charges over the company's assets.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
34,871
77,233
Other creditors
9,754
-
0
44,625
77,233
FONTHILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Financial commitments, guarantees and contingent liabilities

During 2022, the company borrowed £50,000 and £87,500 from its bankers for a Bounce Back Loan and a Coronavirus Business Interruption Loan respectively. As part of these loan schemes, the UK government has guaranteed the advances and will pay the interest and fees due for the first 12 months. As at 31 March 2024 the balances outstanding on these loans were £25,780 (2023: £35,646) and £36,458 (2023: £53,958) respectively.

10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
1,049,886
1,111,644
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