Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-312024-04-01falsetrue6The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity6false 12567664 2024-04-01 2025-03-31 12567664 2023-04-01 2024-03-31 12567664 2025-03-31 12567664 2024-03-31 12567664 c:Director1 2024-04-01 2025-03-31 12567664 d:ComputerEquipment 2024-04-01 2025-03-31 12567664 d:ComputerEquipment 2025-03-31 12567664 d:ComputerEquipment 2024-03-31 12567664 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12567664 d:CurrentFinancialInstruments 2025-03-31 12567664 d:CurrentFinancialInstruments 2024-03-31 12567664 c:FRS102 2024-04-01 2025-03-31 12567664 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12567664 c:FullAccounts 2024-04-01 2025-03-31 12567664 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12567664 2 2024-04-01 2025-03-31 12567664 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 12567664









FENNKAT BROKERAGE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
FENNKAT BROKERAGE LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FENNKAT BROKERAGE LTD
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fennkat Brokerage Ltd. for the year ended 31 March 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Fennkat Brokerage Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Fennkat Brokerage Ltd. and state those matters that we have agreed to state to the Board of Directors of Fennkat Brokerage Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fennkat Brokerage Ltd. and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Fennkat Brokerage Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fennkat Brokerage Ltd.. You consider that Fennkat Brokerage Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Fennkat Brokerage Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Aquila Tax LLP
 
85 Great Portland Street
London
W1W 7LT
24 June 2025
Page 1

 
FENNKAT BROKERAGE LTD
REGISTERED NUMBER: 12567664

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
£
£


Fixed assets
2,954
2,879

Current assets
13,677
31,236

Creditors: amounts falling due within one year
(644,920)
(466,531)

Net current liabilities
 
 
(631,243)
 
 
(435,295)

Total assets less current liabilities
(628,289)
(432,416)


Net liabilities
(628,289)
(432,416)



Capital and reserves
(628,289)
(432,416)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with 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 on 24 June 2025.




David Glyn Ottewill
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FENNKAT BROKERAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Fennkat Brokerage Ltd 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.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company made a loss during the year and current liabilities exceed current assets by £631,243.
However, within current liabilities, there is a loan of £640,149 from an associated company for which the directors have confirmed that it will be only sought after the company is able to fund its own operations. For these reasons thedirectors consider it appropriate to prepare these accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.

Page 3

 
FENNKAT BROKERAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

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.

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:

Computer equipment
-
33%

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 4

 
FENNKAT BROKERAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

2025
2024
£
£

Wages and salaries
250,279
147,856

Social security costs
20,526
10,708

Cost of defined contribution scheme
11,365
7,022

282,170
165,586


The average monthly number of employees, including directors, during the year was 6 (2024 - 6).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2024
8,845


Additions
2,485



At 31 March 2025

11,330



Depreciation


At 1 April 2024
5,966


Charge for the year on owned assets
2,410



At 31 March 2025

8,376



Net book value



At 31 March 2025
2,954



At 31 March 2024
2,879


5.


Debtors

2025
2024
£
£


Prepayments and accrued income
1,345
-
Page 5

 
FENNKAT BROKERAGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.Debtors (continued)


1,345
-



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
12,332
31,236

12,332
31,236



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
3,709
-

Other taxation and social security
-
280

Other creditors
641,211
461,271

Accruals and deferred income
-
4,980

644,920
466,531


Page 6