Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30truetruetruetrue2023-10-01falseNo description of principal activity33falsefalse 00873761 2023-10-01 2024-09-30 00873761 2022-10-01 2023-09-30 00873761 2024-09-30 00873761 2023-09-30 00873761 c:CompanySecretary1 2023-10-01 2024-09-30 00873761 c:Director1 2023-10-01 2024-09-30 00873761 c:Director2 2023-10-01 2024-09-30 00873761 c:Director3 2023-10-01 2024-09-30 00873761 c:Director4 2023-10-01 2024-09-30 00873761 c:Director4 2024-09-30 00873761 c:Director5 2023-10-01 2024-09-30 00873761 c:Director6 2023-10-01 2024-09-30 00873761 c:Director6 2024-09-30 00873761 c:RegisteredOffice 2023-10-01 2024-09-30 00873761 d:MotorVehicles 2023-10-01 2024-09-30 00873761 d:MotorVehicles 2024-09-30 00873761 d:MotorVehicles 2023-09-30 00873761 d:FurnitureFittings 2023-10-01 2024-09-30 00873761 d:FurnitureFittings 2024-09-30 00873761 d:FurnitureFittings 2023-09-30 00873761 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 00873761 d:OtherPropertyPlantEquipment 2024-09-30 00873761 d:OtherPropertyPlantEquipment 2023-09-30 00873761 d:FreeholdInvestmentProperty 2024-09-30 00873761 d:FreeholdInvestmentProperty 2023-09-30 00873761 d:CurrentFinancialInstruments 2024-09-30 00873761 d:CurrentFinancialInstruments 2023-09-30 00873761 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00873761 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00873761 d:ShareCapital 2024-09-30 00873761 d:ShareCapital 2023-09-30 00873761 d:RetainedEarningsAccumulatedLosses 2024-09-30 00873761 d:RetainedEarningsAccumulatedLosses 2023-09-30 00873761 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 00873761 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 00873761 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 00873761 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 00873761 c:OrdinaryShareClass1 2023-10-01 2024-09-30 00873761 c:OrdinaryShareClass1 2024-09-30 00873761 c:OrdinaryShareClass1 2023-09-30 00873761 c:FRS102 2023-10-01 2024-09-30 00873761 c:Audited 2023-10-01 2024-09-30 00873761 c:FullAccounts 2023-10-01 2024-09-30 00873761 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00873761 2 2023-10-01 2024-09-30 00873761 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00873761










CLAUDE FENTON LIMITED










DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
CLAUDE FENTON LIMITED
 

COMPANY INFORMATION


Directors
M R P Fenton 
P R Fenton 
P Hawker 
D A Gray (resigned 30 April 2024)
A J Harper 
C Rayns (appointed 1 January 2025)




Company secretary
M R P Fenton



Registered number
00873761



Registered office
Unit 1 Kennet Weir Business Park
Arrowhead Road

Theale

Reading

Berkshire

RG7 4AE




Independent auditor
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor

Reading Bridge House

George Street

Reading

Berkshire

RG1 8LS





 
CLAUDE FENTON LIMITED
 

CONTENTS



Page
Directors' Report
 
1 - 2
Independent Auditor's Report
 
3 - 5
Statement of Comprehensive Income
 
6
Balance Sheet
 
7
Notes to the Financial Statements
 
8 - 15


 
CLAUDE FENTON LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors

The directors who served during the year were:

M R P Fenton 
P R Fenton 
P Hawker 
D A Gray (resigned 30 April 2024)
A J Harper 

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

The auditor, James Cowper Kreston Auditwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 1

 
CLAUDE FENTON LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
M R P Fenton
Director

Date: 24 March 2025

Page 2

 
CLAUDE FENTON LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CLAUDE FENTON LIMITED
 

Opinion


We have audited the financial statements of Claude Fenton Limited (the 'Company') for the year ended 30 September 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 September 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 3

 
CLAUDE FENTON LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CLAUDE FENTON LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
      

Page 4

 
CLAUDE FENTON LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CLAUDE FENTON LIMITED (CONTINUED)


The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
 
Enquiry of management and those charged with governance around actual and potential litigation and claims;
 
Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;
 
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
 
Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Alexander Peal BSc (Hons) FCA DChA (Senior Statutory Auditor)
  
for and on behalf of
James Cowper Kreston Audit
 
Chartered Accountants and Statutory Auditor
  
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS

 
Date: 
24 March 2025
Page 5

 
CLAUDE FENTON LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Turnover
  
30,674
3,568,099

Cost of sales
  
(34,188)
(3,440,658)

Gross (loss)/profit
  
(3,514)
127,441

Administrative expenses
  
(114,721)
(110,704)

Other operating income
  
18,555
18,555

Operating (loss)/profit
 3 
(99,680)
35,292

Interest receivable and similar income
  
98
-

Interest payable and similar expenses
 5 
(1,055)
(868)

(Loss)/profit before tax
  
(100,637)
34,424

Tax on (loss)/profit
  
(2,948)
(7,918)

(Loss)/profit for the financial year
  
(103,585)
26,506

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 8 to 15 form part of these financial statements.

Page 6

 
CLAUDE FENTON LIMITED
REGISTERED NUMBER: 00873761

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
-
19,882

Investment property
 7 
150,000
150,000

  
150,000
169,882

Current assets
  

Stocks
 8 
2,340,466
1,516,627

Debtors
 9 
16,142
1,387,059

Cash at bank and in hand
 10 
455,200
448,449

  
2,811,808
3,352,135

Creditors: amounts falling due within one year
 11 
(1,533,684)
(1,990,559)

Net current assets
  
 
 
1,278,124
 
 
1,361,576

Total assets less current liabilities
  
1,428,124
1,531,458

Provisions for liabilities
  

Deferred tax
 12 
(34,953)
(34,709)

Net assets
  
1,393,171
1,496,749


Capital and reserves
  

Called up share capital 
 13 
187,392
187,392

Profit and loss account
  
1,205,779
1,309,357

  
1,393,171
1,496,749


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M R P Fenton
Director

Date: 24 March 2025

The notes on pages 8 to 15 form part of these financial statements.

Page 7

 
CLAUDE FENTON LIMITED
 

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

1.


General information

Claude Fenton Limited is a private company, limited by shares, incorporated in England and Wales (registration number 00873761). The address of its registered office is Unit 1 Kennet Weir Business Park. Theale, Reading, Berkshire, RG7 4AE.
The principal activities of the company have continued to be the operation of property development and contracting business in Reading and the surrounding district.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Claude Fenton (Holdings) Limited as at 30 September 2024 and these financial statements may be obtained from Claude Fenton (Holdings) Limited.

  
2.3

Turnover

Turnover represents amounts receivable during the year for goods and services provided net of value added tax and trade discounts. Turnover for developments sold represent the contractually agreed price and is recognised when an unconditional binding contract has been exchanged.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 8

 
CLAUDE FENTON LIMITED
 

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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20-50% on a straight line basis
Fixtures and fittings
-
10-33% on a straight line basis
Assets under construction
-
nil

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.5

Investment property

Investment property is carried at fair value determined annually by the directors, and periodically by external valuers. Fair value is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 9

 
CLAUDE FENTON LIMITED
 

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

2.Accounting policies (continued)

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 10

 
CLAUDE FENTON LIMITED
 

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

3.


Operating (loss)/profit

The operating (loss)/profit is stated after charging:

2024
2023
£
£

Pension Costs
6,197
5,670


4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Production
2
2



Management
1
1

3
3


5.


Interest payable and similar expenses

2024
2023
£
£


Bank interest payable
1,055
868

Page 11

 
CLAUDE FENTON LIMITED
 

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

6.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Assets under construction
Total

£
£
£
£



Cost or valuation


At 1 October 2023
22,414
4,965
19,882
47,261


Transfers intra group
-
-
(19,882)
(19,882)



At 30 September 2024

22,414
4,965
-
27,379



Depreciation


At 1 October 2023
22,414
4,965
-
27,379



At 30 September 2024

22,414
4,965
-
27,379



Net book value



At 30 September 2024
-
-
-
-



At 30 September 2023
-
-
19,882
19,882


7.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
150,000



At 30 September 2024
150,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
110,539
110,539

Page 12

 
CLAUDE FENTON LIMITED
 

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

8.


Stocks

2024
2023
£
£

Long-term contract balances
2,340,466
1,516,627



9.


Debtors

2024
2023
£
£



Trade debtors
472
1,378,318

Other debtors
15,670
8,741

16,142
1,387,059



10.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
455,200
448,449



11.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
56,780
15,102

Amounts owed to group undertakings
1,213,630
1,763,154

Corporation tax
-
5,947

Other taxation and social security
3,314
3,490

Other creditors
259,960
202,866

1,533,684
1,990,559


The net amounts owed to group undertakings include various loans which have no fixed repayment date and are considered to mature in one year. Bank loans in the parent company are secured by a fixed and floating charge over the assets of the group and the company, specific charges on book debts, and a composite unlimited guarantee by group undertakings, and various rights of set off.
 

Page 13

 
CLAUDE FENTON LIMITED
 

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

12.


Deferred taxation




2024


£






At beginning of year
(34,709)


Charged to profit or loss
(244)



At end of year
(34,953)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Capital gains
(35,865)
(35,865)

Accelerated capital allowances
912
1,156

(34,953)
(34,709)


13.


Share capital

2024
2023
£
£
Authorised



200,000 (2023 - 200,000) Ordinary shares of £1.00 each
200,000
200,000

Allotted, called up and fully paid



187,392 (2023 - 187,392) Ordinary shares of £1.00 each
187,392
187,392


Page 14

 
CLAUDE FENTON LIMITED
 

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

14.Contingencies

As at 30 September 2024 there exist contingent liabilities and guarantees in respect of the following:
a) a composite unlimited guarantee and right of set off on all group bank overdrafts which amounted to £1,010,417 (2023 - £860,504).
b) a composite guarantee and right of set off on all group bank loans which amounted to £600,000 (2023 - £2,325,000).
c) a guarantee for value added tax due by all group undertakings under the group election amounting to £262,205 (2023 - £278,230).
d) Ten year guarantees under NHBC and ICW, the costs are accounted for as and when they arise, as the amounts cannot be quantified. The guarantees are insured.
In respect of (a) and (b) above the company's bankers hold a mortgage debenture creating a specific charge over all company assets, a fixed charge over its book debts and floating charge over all other assets.


15.


Controlling party

The company is a wholly owned subsidiary of Claude Fenton (Holdings) Limited (registered number 00474108) which is regarded by the directors as the company's immediate controlling party and ultimate controlling party. The company is incorporated in England and Wales and is the smallest and largest group into which the results of the company are consolidated.

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