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Registered number: 08558462
Fenelon Storage UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Quant Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08558462
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,896 28,101
Investments 5 4,501,200 4,481,200
4,549,096 4,509,301
CURRENT ASSETS
Debtors 6 1,499,205 307,360
Cash at bank and in hand 254,314 934,367
1,753,519 1,241,727
Creditors: Amounts Falling Due Within One Year 7 (97 ) (386,469 )
NET CURRENT ASSETS (LIABILITIES) 1,753,422 855,258
TOTAL ASSETS LESS CURRENT LIABILITIES 6,302,518 5,364,559
Creditors: Amounts Falling Due After More Than One Year 8 - (750,000 )
NET ASSETS 6,302,518 4,614,559
CAPITAL AND RESERVES
Called up share capital 9 44 44
Capital redemption reserve 56 56
Profit and Loss Account 6,302,418 4,614,459
SHAREHOLDERS' FUNDS 6,302,518 4,614,559
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dean Sheldon
Director
15/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fenelon Storage UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08558462 . The registered office is Roften House, North Road, Ellesmere Port, Cheshire, CH65 1AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company, rounde dto the nearest £1.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 50% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 33% on reducing balance
Computer Equipment 20% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 1,125 33,328 1,388 1,124 36,965
Additions 41,020 106,251 5,762 19,463 172,496
As at 31 December 2024 42,145 139,579 7,150 20,587 209,461
Depreciation
As at 1 January 2024 562 7,615 462 225 8,864
Provided during the period 37,473 88,628 6,688 19,912 152,701
As at 31 December 2024 38,035 96,243 7,150 20,137 161,565
Net Book Value
As at 31 December 2024 4,110 43,336 - 450 47,896
As at 1 January 2024 563 25,713 926 899 28,101
Page 3
Page 4
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 4,481,200
Additions 20,000
As at 31 December 2024 4,501,200
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 4,501,200
As at 1 January 2024 4,481,200
Investments in subsidiaries are recognised at the lower of cost and fair value.
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 1,497,015 300,000
Other debtors 2,190 7,360
1,499,205 307,360
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Amounts owed to group undertakings - 386,373
Taxation and social security 96 96
97 386,469
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 750,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 44 44
Page 4