IRIS Accounts Production v25.1.4.42 15237742 Board of Directors 26.10.23 30.9.24 30.9.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh152377422023-10-25152377422024-09-30152377422023-10-262024-09-30152377422023-10-2515237742ns15:EnglandWales2023-10-262024-09-3015237742ns14:PoundSterling2023-10-262024-09-3015237742ns10:Director12023-10-262024-09-3015237742ns10:PrivateLimitedCompanyLtd2023-10-262024-09-3015237742ns10:SmallEntities2023-10-262024-09-3015237742ns10:AuditExempt-NoAccountantsReport2023-10-262024-09-3015237742ns10:SmallCompaniesRegimeForDirectorsReport2023-10-262024-09-3015237742ns10:SmallCompaniesRegimeForAccounts2023-10-262024-09-3015237742ns10:FullAccounts2023-10-262024-09-3015237742ns10:Director22023-10-262024-09-3015237742ns10:Director32023-10-262024-09-3015237742ns10:RegisteredOffice2023-10-262024-09-3015237742ns5:CurrentFinancialInstruments2024-09-3015237742ns5:Non-currentFinancialInstruments2024-09-3015237742ns5:ShareCapital2024-09-3015237742ns5:RetainedEarningsAccumulatedLosses2024-09-3015237742ns5:CostValuation2023-10-2515237742ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30
REGISTERED NUMBER: 15237742 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 OCTOBER 2023 TO 30 SEPTEMBER 2024

FOR

FENLAND STORAGE HOLDINGS LIMITED

FENLAND STORAGE HOLDINGS LIMITED (REGISTERED NUMBER: 15237742)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 OCTOBER 2023 TO 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FENLAND STORAGE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 26 OCTOBER 2023 TO 30 SEPTEMBER 2024







DIRECTORS: S J C McKenna
J M McKenna
Mrs S J McKenna





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 15237742 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

FENLAND STORAGE HOLDINGS LIMITED (REGISTERED NUMBER: 15237742)

BALANCE SHEET
30 SEPTEMBER 2024

Notes £    £   
FIXED ASSETS
Investments 4 100
Investment property 5 3,650,000
3,650,100

CURRENT ASSETS
Debtors 6 1,023,492

CREDITORS
Amounts falling due within one year 7 72,679
NET CURRENT ASSETS 950,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,600,913

CREDITORS
Amounts falling due after more than one
year

8

2,002,888
NET ASSETS 2,598,025

CAPITAL AND RESERVES
Called up share capital 2,497,036
Retained earnings 100,989
2,598,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FENLAND STORAGE HOLDINGS LIMITED (REGISTERED NUMBER: 15237742)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





S J C McKenna - Director


FENLAND STORAGE HOLDINGS LIMITED (REGISTERED NUMBER: 15237742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 OCTOBER 2023 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Fenland Storage Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company had net liabilities of £(2,598,025) by virtue of its total liabilities exceeding its total assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

FENLAND STORAGE HOLDINGS LIMITED (REGISTERED NUMBER: 15237742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 OCTOBER 2023 TO 30 SEPTEMBER 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 26 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 25 October 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 3,650,000
At 30 September 2024 3,650,000
NET BOOK VALUE
At 30 September 2024 3,650,000

6. DEBTORS
£   
Amounts falling due within one year:
Amounts owed by group undertakings 23,332
Other debtors 160
23,492

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,000,000

Aggregate amounts 1,023,492

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 43,417
Other creditors 29,262
72,679

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 2,002,888

FENLAND STORAGE HOLDINGS LIMITED (REGISTERED NUMBER: 15237742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 OCTOBER 2023 TO 30 SEPTEMBER 2024

9. RELATED PARTY DISCLOSURES

At the balance sheet date, being 30 September 2024, the company had the following loans outstanding with other companies outside of the group, in which there are common directorships:

Amounts owed to Fenland Handling Services Limited £1,499,824
Amounts owed by FHS Holdings Limited £100

No interest has been charged on these balances.

10. PREFERENCE SHARES

Allotted, issued and fully paid 30.09.24
£

1,250,000 3% redeemable cumulative preference shares of £1 each 1,250,000
1,750,000 0.1% redeemable cumulative preference shares of £1 each 1,750,000
As at 30 September 2024 3,000,000

The 3% redeemable cumulative preference shares are classified as compound financial instruments, which have the characteristics of both debt and equity and may be redeemed at the option of the company.

The debt element is the net present value of the liability relating to the future dividend stream and redemption and has been calculated using an equivalent rate of 8%, being the directors estimate of the cost of capital.

The 0.1% redeemable cumulative preference shares are classified as compound financial instruments, which have the characteristics of both debt and equity and may be redeemed at the option of the company.

The debt element is the net present value of the liability relating to the future dividend stream and redemption and has been calculated using an equivalent rate of 5.1%, being the directors estimate of the cost of capital.

Debt Equity
Element Element Total

3% redeemable cumulative preference shares 468,750 781,250 1,250,000
0.1% redeemable cumulative preference shares 34,314 1,715,686 1,750,000
As at 30 September 2024 503,064 2,496,936 3,000,000