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Company No: 13902782 (England and Wales)

FRENSHAM & NEWPORT LTD

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

FRENSHAM & NEWPORT LTD

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

FRENSHAM & NEWPORT LTD

STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
FRENSHAM & NEWPORT LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 40,000 60,000
Tangible assets 4 16,246 22,422
56,246 82,422
Current assets
Debtors 5 47,684 167,413
Cash at bank and in hand 664,790 550,839
712,474 718,252
Creditors: amounts falling due within one year 6 35,906 ( 265,021)
Net current assets 748,380 453,231
Total assets less current liabilities 804,626 535,653
Net assets 804,626 535,653
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 804,625 535,652
Total shareholder's funds 804,626 535,653

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Frensham & Newport Ltd (registered number: 13902782) were approved and authorised for issue by the Director. They were signed on its behalf by:

Michaela Yearwood-Dan
Director

20 May 2025

FRENSHAM & NEWPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
FRENSHAM & NEWPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Frensham & Newport Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the company during the year, including the director 2 1

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 March 2024 100,000 100,000
At 28 February 2025 100,000 100,000
Accumulated amortisation
At 01 March 2024 40,000 40,000
Charge for the financial year 20,000 20,000
At 28 February 2025 60,000 60,000
Net book value
At 28 February 2025 40,000 40,000
At 29 February 2024 60,000 60,000

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2024 27,483 27,483
Additions 920 920
At 28 February 2025 28,403 28,403
Accumulated depreciation
At 01 March 2024 5,061 5,061
Charge for the financial year 7,096 7,096
At 28 February 2025 12,157 12,157
Net book value
At 28 February 2025 16,246 16,246
At 29 February 2024 22,422 22,422

5. Debtors

2025 2024
£ £
Trade debtors 0 3,600
Other debtors 47,684 163,813
47,684 167,413

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 2,536 2,875
Taxation and social security 116,782 257,768
Other creditors ( 155,224) 4,378
( 35,906) 265,021

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1