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HOUSE OF FU MANCHESTER LIMITED

Registered Number
13980951
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

HOUSE OF FU MANCHESTER LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

KOLLAKOWSKI, Ashley Oliver
STEVENS, Simon James

Registered Address

15-19 The Headrow
Leeds
LS1 6PU

Registered Number

13980951 (England and Wales)
HOUSE OF FU MANCHESTER LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3724,949842,723
724,949842,723
Current assets
Stocks416,65323,187
Debtors82,268111,328
Cash at bank and on hand92,69022,583
191,611157,098
Creditors amounts falling due within one year5(1,648,365)(1,356,974)
Net current assets (liabilities)(1,456,754)(1,199,876)
Total assets less current liabilities(731,805)(357,153)
Net assets(731,805)(357,153)
Capital and reserves
Called up share capital100100
Profit and loss account(731,905)(357,253)
Shareholders' funds(731,805)(357,153)
The financial statements were approved and authorised for issue by the Board of Directors on 27 July 2025, and are signed on its behalf by:
STEVENS, Simon James
Director
Registered Company No. 13980951
HOUSE OF FU MANCHESTER LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on Land & buildings over the life of the lease, and for all other tangible fixed assets as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other 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.
Trade and other 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.
2.Average number of employees

20252024
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 24665,73962,002144,33619,279891,356
At 31 March 25665,73962,002144,33619,279891,356
Depreciation and impairment
At 01 April 2427,7365,16811,9913,73848,633
Charge for year94,60417,56740,85813,378166,407
On disposals(27,736)(5,168)(11,991)(3,738)(48,633)
At 31 March 2594,60417,56740,85813,378166,407
Net book value
At 31 March 25571,13544,435103,4785,901724,949
At 31 March 24638,00356,834132,34515,541842,723
4.Stocks

2025

2024

££
Raw materials and consumables16,65323,187
Total16,65323,187
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables179,576112,177
Amounts owed to related parties1,301,4271,170,449
Taxation and social security146,15252,334
Other creditors10,48011,595
Accrued liabilities and deferred income10,73010,419
Total1,648,3651,356,974
6.Related party transactions
House of Fu Group Limited: The company is related to House of Fu Manchester Limited by virtue of common shareholders and Directors. The amount owed to House of Fu Group at the balance sheet date was £212,672 (2024: £57,710). House of Fu Leeds Limited: The company is related to House of Fu Manchester Limited by virtue of common shareholders and Directors. The amount owed to House of Fu Leeds at the balance sheet date was £994,895 (2024: £997,116). Project House Trading Limited: The company is related to House of Fu Manchester Limited by virtue of common shareholders and Directors. The amount owed to Project House at the balance sheet date was £5,000 (2024: £25,000). Super Friendz Limited: The company is related to House of Fu Manchester Limited by virtue of common shareholders and Directors. The amount owed by Super Friendz at the balance sheet date was £nil (2024: £10)