Company Registration No. 05394595 (England and Wales)
FENWICKS ESTATES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
FENWICKS ESTATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FENWICKS ESTATES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
20,668
24,459
Current assets
Debtors
6
319,143
291,359
Cash at bank and in hand
35,576
86,591
354,719
377,950
Creditors: amounts falling due within one year
7
(158,690)
(143,277)
Net current assets
196,029
234,673
Total assets less current liabilities
216,697
259,132
Provisions for liabilities
(2,259)
(3,258)
Net assets
214,438
255,874
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
214,338
255,774
Total equity
214,438
255,874

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 December 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.

The financial statements were approved by the board of directors and authorised for issue on 11 February 2025 and are signed on its behalf by:
Mr P Tovey
Director
Company registration number 05394595 (England and Wales)
FENWICKS ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Fenwicks Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 West Street, Fareham, Hampshire, PO16 0BG.

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.

1.2
Turnover

Turnover represents net sales of services for the year, excluding value added tax.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property
15% reducing balance
Fixtures and fittings
15% reducing balance
Computer equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

 

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.6
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FENWICKS ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

 

Unrelieved losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

1.7
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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2024
2023
Number
Number
Total
4
5
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
100,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
100,000
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
FENWICKS ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
5
Tangible fixed assets
Improvements to property
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
9,746
166,743
4,814
39,824
221,127
Additions
-
0
-
0
519
-
0
519
At 31 December 2024
9,746
166,743
5,333
39,824
221,646
Depreciation and impairment
At 1 January 2024
8,175
148,956
3,271
36,267
196,669
Depreciation charged in the year
236
2,668
516
889
4,309
At 31 December 2024
8,411
151,624
3,787
37,156
200,978
Carrying amount
At 31 December 2024
1,335
15,119
1,546
2,668
20,668
At 31 December 2023
1,572
17,787
1,544
3,556
24,459
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
26,970
2,401
Corporation tax recoverable
66,047
66,047
Other debtors
226,126
222,911
319,143
291,359
7
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
6,111
12,634
Other creditors
152,579
130,643
158,690
143,277
9
Parent company

The ultimate controlling party is Fenwicks Estates Holding limited who owns 100% of the ordinary share capital of Fenwicks Estates Limited.

 

The Registered Office and principal place of business of Fenwicks Estates Holding Limited is 3 West Street, Fareham, Hampshire, PO16 0BG, England.

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