2 2 Fenn's (Farnborough) Holdings Limited 03239995 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is the provision of management services. Digita Accounts Production Advanced 6.30.9574.0 true false true 03239995 2023-08-01 2024-07-31 03239995 2024-07-31 03239995 bus:OrdinaryShareClass1 2024-07-31 03239995 bus:OrdinaryShareClass2 2024-07-31 03239995 bus:OrdinaryShareClass3 2024-07-31 03239995 bus:OrdinaryShareClass4 2024-07-31 03239995 bus:OrdinaryShareClass5 2024-07-31 03239995 bus:OtherShareClass1 2024-07-31 03239995 bus:OtherShareClass2 2024-07-31 03239995 core:CurrentFinancialInstruments 2024-07-31 03239995 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 03239995 core:AllSubsidiaries 2024-07-31 03239995 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-07-31 03239995 bus:SmallEntities 2023-08-01 2024-07-31 03239995 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03239995 bus:FilletedAccounts 2023-08-01 2024-07-31 03239995 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03239995 bus:RegisteredOffice 2023-08-01 2024-07-31 03239995 bus:CompanySecretaryDirector1 2023-08-01 2024-07-31 03239995 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 03239995 bus:OrdinaryShareClass2 2023-08-01 2024-07-31 03239995 bus:OrdinaryShareClass3 2023-08-01 2024-07-31 03239995 bus:OrdinaryShareClass4 2023-08-01 2024-07-31 03239995 bus:OrdinaryShareClass5 2023-08-01 2024-07-31 03239995 bus:OtherShareClass1 2023-08-01 2024-07-31 03239995 bus:OtherShareClass2 2023-08-01 2024-07-31 03239995 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03239995 bus:Agent1 2023-08-01 2024-07-31 03239995 core:AllSubsidiaries 2023-08-01 2024-07-31 03239995 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-08-01 2024-07-31 03239995 countries:EnglandWales 2023-08-01 2024-07-31 03239995 2022-08-01 2023-07-31 03239995 2023-07-31 03239995 bus:OrdinaryShareClass1 2023-07-31 03239995 bus:OrdinaryShareClass2 2023-07-31 03239995 bus:OrdinaryShareClass3 2023-07-31 03239995 bus:OrdinaryShareClass4 2023-07-31 03239995 bus:OrdinaryShareClass5 2023-07-31 03239995 bus:OtherShareClass1 2023-07-31 03239995 bus:OtherShareClass2 2023-07-31 03239995 core:CurrentFinancialInstruments 2023-07-31 03239995 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 03239995 core:CostValuation 2023-07-31 03239995 core:AllSubsidiaries 2023-07-31 03239995 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-07-31 03239995 bus:OrdinaryShareClass2 2022-08-01 2023-07-31 03239995 bus:OrdinaryShareClass3 2022-08-01 2023-07-31 03239995 bus:OrdinaryShareClass4 2022-08-01 2023-07-31 03239995 bus:OrdinaryShareClass5 2022-08-01 2023-07-31 03239995 core:AllSubsidiaries core:RenderingOrReceivingServices 2022-08-01 2023-07-31 03239995 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:RenderingOrReceivingServices 2022-08-01 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03239995

Fenn's (Farnborough) Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Fenn's (Farnborough) Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Fenn's (Farnborough) Holdings Limited

Company Information

Director

C R Light

Company secretary

C R Light

Registered office

Unit 1 Hercules Way
Aerospace Boulevard
Farnborough
Hampshire
GU14 6UU

Accountants

Tax Innovations Limited Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

Fenn's (Farnborough) Holdings Limited

(Registration number: 03239995)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

8

8

Current assets

 

Debtors

5

1,314,671

1,314,295

Cash at bank and in hand

 

134,978

516,050

 

1,449,649

1,830,345

Creditors: Amounts falling due within one year

6

(1,401,298)

(1,784,696)

Net current assets

 

48,351

45,649

Net assets

 

48,359

45,657

Capital and reserves

 

Called up share capital

7

3

3

Capital redemption reserve

5

5

Retained earnings

48,351

45,649

Shareholders' funds

 

48,359

45,657

 

Fenn's (Farnborough) Holdings Limited

(Registration number: 03239995)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 April 2025
 

.........................................
C R Light
Company secretary and director

 

Fenn's (Farnborough) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Hercules Way
Aerospace Boulevard
Farnborough
Hampshire
GU14 6UU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Fenn's (Farnborough) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Fenn's (Farnborough) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

8

8

Subsidiaries

£

Cost or valuation

At 1 August 2023

8

Carrying amount

At 31 July 2024

8

At 31 July 2023

8

5

Debtors

Current

2024
£

2023
£

Other debtors

1,314,671

1,314,295

 

1,314,671

1,314,295

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

1,310,461

1,673,971

Taxation and social security

 

836

20,724

Other creditors

 

90,001

90,001

 

1,401,298

1,784,696

 

Fenn's (Farnborough) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £0.01 each

200

2

200

2

Ordinary B of £0.01 each

20

-

20

-

Ordinary C of £0.01 each

20

-

20

-

Ordinary D of £0 each

-

-

-

-

Ordinary S of £0.01 each

20

-

20

-

Ordinary H of £0.01 each

20

-

20

-

Ordinary J of £0.01 each

20

-

20

-

300

3

300

3

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £29,500.00 (2023 - £6,000.00) per each Ordinary B

590,000

240,000

Interim dividend of £900.00 per each Ordinary H

18,000

18,000

Interim dividend of £4,090.00 (2023 - £28,435.00) per each Ordinary J

81,800

568,700

Interim dividend of £Nil per each Ordinary S

-

-

689,800

826,700

 

Fenn's (Farnborough) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9

Related party transactions

Summary of transactions with all entities with joint control or significant interest

The company has a working capital balance with a company under joint control which is interest free with no fixed repayment terms.

Summary of transactions with subsidiaries

The company has a working capital balance with its subsidiary company which is interest free with no fixed repayment terms. The company periodically provides management services to its subsidiary company for which fees are charged.

Income and receivables from related parties

2024

Entities with joint control or significant influence
£

Amounts receivable from related party

1,294,295

2023

Entities with joint control or significant influence
£

Subsidiary
£

Receipt of services

-

78,000

Amounts receivable from related party

1,294,295

-

Expenditure with and payables to related parties

2024

Subsidiary
£

Amounts payable to related party

1,310,461

2023

Subsidiary
£

Amounts payable to related party

1,670,971