FENTON FINANCE LIMITED

Company Registration Number:
06004639 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

FENTON FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

FENTON FINANCE LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 24,218 23,170
Total fixed assets: 24,218 23,170
Current assets
Debtors: 4 6,715,213 6,665,096
Cash at bank and in hand: 336,224 151,655
Total current assets: 7,051,437 6,816,751
Creditors: amounts falling due within one year:   (3,598,770) (3,646,217)
Net current assets (liabilities): 3,452,667 3,170,534
Total assets less current liabilities: 3,476,885 3,193,704
Creditors: amounts falling due after more than one year:   (1,477,895) (1,416,895)
Total net assets (liabilities): 1,998,990 1,776,809
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,998,890 1,776,709
Shareholders funds: 1,998,990 1,776,809

The notes form part of these financial statements

FENTON FINANCE LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 April 2025
and signed on behalf of the board by:

Name: Mrs K A Sharp
Status: Director

The notes form part of these financial statements

FENTON FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents interest on loans and commission receivable, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Fixtures and Fittings - 15% reducing balance Motor Vehicles - 15% reducing balance Computer Equipment - 20% reducing balance

FENTON FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

FENTON FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 104,824
Additions 8,163
At 31 July 2024 112,987
Depreciation
At 01 August 2023 81,654
Charge for year 7,115
At 31 July 2024 88,769
Net book value
At 31 July 2024 24,218
At 31 July 2023 23,170

FENTON FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 3,957,506 3,928,103

FENTON FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Related party transactions

Name of the related party:
Relationship:
Parent company
Description of the Transaction: Loan from Parent Company
£
Balance at 01 August 2023 755,984
Balance at 31 July 2024 814,094