Registered number
08709759
FNS Investments Ltd
Unaudited Filleted Accounts
30 September 2024
FNS Investments Ltd
Registered number: 08709759
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Investments held as current assets 3 212,053 212,053
Creditors: amounts falling due within one year 4 (663,451) (663,451)
Net current liabilities (451,398) (451,398)
Net liabilities (451,398) (451,398)
Capital and reserves
Called up share capital 1 1
Revaluation reserve 5 26,747 26,747
Profit and loss account (478,146) (478,146)
Shareholder's funds (451,398) (451,398)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M D Frost
Director
Approved by the board on 20 June 2025
FNS Investments Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 212,053 212,053
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 663,451 663,451
5 Revaluation reserve 2024 2023
£ £
At 1 October 2023 26,747 592,926
Reduction in revaluation reserve - (566,179)
At 30 September 2024 26,747 26,747
6 Controlling party
The ultimate controlling party is F N Solutions Ltd by virtue of its ownership of 100% of the issued share capital in the company.
7 Other information
FNS Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Church Mews
Churchill Way
Macclesfield
Cheshire
SK11 6AY
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