IRIS Accounts Production v25.1.4.42 06524598 Board of Directors 31.1.25 1.2.24 31.1.25 31.1.25 to act as the parent of Fenland Flat Roofing Limited. Fenland Flat Roofing Limited is a roofing contractor. Fenland Flat Roofing Limited is the sole subsidiary of Fenland Holdings Limited. true true false true false false false false true false A Ordinary 0 B Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065245982024-01-31065245982025-01-31065245982024-02-012025-01-31065245982023-01-31065245982023-02-012024-01-31065245982024-01-3106524598ns15:EnglandWales2024-02-012025-01-3106524598ns14:PoundSterling2024-02-012025-01-3106524598ns10:Director12024-02-012025-01-3106524598ns10:Consolidated2025-01-3106524598ns10:ConsolidatedGroupCompanyAccounts2024-02-012025-01-3106524598ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3106524598ns10:Consolidatedns10:SmallEntities2024-02-012025-01-3106524598ns10:Consolidatedns10:AuditExemptWithAccountantsReport2024-02-012025-01-3106524598ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3106524598ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3106524598ns10:Consolidatedns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3106524598ns10:Consolidatedns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3106524598ns10:FullAccounts2024-02-012025-01-3106524598ns5:Subsidiary12024-02-012025-01-310652459812024-02-012025-01-3106524598ns10:OrdinaryShareClass12024-02-012025-01-3106524598ns10:OrdinaryShareClass22024-02-012025-01-3106524598ns10:Consolidated2024-02-012025-01-3106524598ns10:Director22024-02-012025-01-3106524598ns10:Director32024-02-012025-01-3106524598ns10:Director42024-02-012025-01-3106524598ns10:Director52024-02-012025-01-3106524598ns10:RegisteredOffice2024-02-012025-01-3106524598ns10:Consolidated2023-02-012024-01-3106524598ns5:CurrentFinancialInstruments2025-01-3106524598ns5:CurrentFinancialInstruments2024-01-3106524598ns5:ShareCapital2025-01-3106524598ns5:ShareCapital2024-01-3106524598ns5:SharePremium2025-01-3106524598ns5:SharePremium2024-01-3106524598ns5:CapitalRedemptionReserve2025-01-3106524598ns5:CapitalRedemptionReserve2024-01-3106524598ns5:RetainedEarningsAccumulatedLosses2025-01-3106524598ns5:RetainedEarningsAccumulatedLosses2024-01-3106524598ns5:ShareCapital2023-01-3106524598ns5:RetainedEarningsAccumulatedLosses2023-01-3106524598ns5:SharePremium2023-01-3106524598ns5:CapitalRedemptionReserve2023-01-3106524598ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-3106524598ns5:CapitalRedemptionReserve2023-02-012024-01-3106524598ns5:CapitalRedemptionReserve2024-02-012025-01-3106524598ns5:RetainedEarningsAccumulatedLosses2024-02-012025-01-3106524598ns5:ShareCapital2024-02-012025-01-3106524598ns5:SharePremium2024-02-012025-01-3106524598ns5:NetGoodwill2024-02-012025-01-3106524598ns5:LeaseholdImprovements2024-02-012025-01-3106524598ns5:FurnitureFittings2024-02-012025-01-3106524598ns5:MotorVehicles2024-02-012025-01-3106524598ns5:CostValuation2024-01-31065245981ns5:Subsidiary12024-02-012025-01-3106524598ns5:Subsidiary12025-01-3106524598ns5:Subsidiary12024-01-3106524598ns5:Subsidiary12023-02-012024-01-3106524598ns10:OrdinaryShareClass12025-01-3106524598ns10:OrdinaryShareClass22025-01-31
REGISTERED NUMBER: 06524598 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FENLAND HOLDINGS LTD

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Statement of Financial Position 4

Company Statement of Financial Position 6

Consolidated Statement of Changes in Equity 7

Company Statement of Changes in Equity 8

Notes to the Consolidated Financial Statements 9


FENLAND HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: A R Bacon
C Preston
D Stark
D Dean
S Felgate





REGISTERED OFFICE: 9 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG





REGISTERED NUMBER: 06524598 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2025


The directors present their report with the financial statements of the company and the group for the year ended 31 January 2025.

DIRECTORS
A R Bacon has held office during the whole of the period from 1 February 2024 to the date of this report.

Other changes in directors holding office are as follows:

C Preston - appointed 1 February 2024
D Stark - appointed 1 February 2024
D Dean - appointed 1 February 2024
S Felgate - appointed 1 February 2024

GOING CONCERN
After making reasonable enquiries, the directors are confident that the group will have adequate resources to continue in operational existence for the foreseeable future. The directors therefore consider it appropriate to continue to adopt the going concern basis in preparation of these financial statements.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A R Bacon - Director


27 August 2025

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025

2025 2024
£ £

TURNOVER 9,744,694 7,653,881

Cost of sales 7,091,307 5,931,029
GROSS PROFIT 2,653,387 1,722,852

Administrative expenses 1,303,739 1,151,210
1,349,648 571,642

Other operating income - 361,937
OPERATING PROFIT 1,349,648 933,579

Interest receivable and similar income 7,988 14,980
1,357,636 948,559

Interest payable and similar expenses 8,582 1,624
PROFIT BEFORE TAXATION 1,349,054 946,935

Tax on profit 419,209 284,693
PROFIT FOR THE FINANCIAL YEAR 929,845 662,242

Profit attributable to:
Owners of the parent 929,845 662,242

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible assets 6 988,778 1,257,601
Tangible assets 7 288,436 279,873
Investments 8 - -
1,277,214 1,537,474

CURRENT ASSETS
Stocks 88,220 63,801
Debtors 9 2,551,733 2,552,773
Cash at bank 1,334,101 1,873,821
3,974,054 4,490,395
CREDITORS
Amounts falling due within one year 10 1,351,368 1,270,206
NET CURRENT ASSETS 2,622,686 3,220,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,899,900

4,757,663

CREDITORS
Amounts falling due after more than one
year

11

(53,331

)

(16,682

)

PROVISIONS FOR LIABILITIES (42,715 ) (38,230 )
NET ASSETS 3,803,854 4,702,751

CAPITAL AND RESERVES
Called up share capital 14 61 57
Share premium 1,696,641 1,696,641
Capital redemption reserve 50 50
Retained earnings 2,107,102 3,006,003
SHAREHOLDERS' FUNDS 3,803,854 4,702,751

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2025


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

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





A R Bacon - Director


FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

COMPANY STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 - -
Investments 8 8,300,000 8,300,000
8,300,000 8,300,000

CREDITORS
Amounts falling due within one year 10 2,207,911 345,539
NET CURRENT LIABILITIES (2,207,911 ) (345,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,092,089

7,954,461

CAPITAL AND RESERVES
Called up share capital 14 61 57
Share premium 1,696,641 1,696,641
Capital redemption reserve 50 50
Retained earnings 4,395,337 6,257,713
SHAREHOLDERS' FUNDS 6,092,089 7,954,461

Company's (loss)/profit for the financial
year

(33,630

)

2,100,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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

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



A R Bacon - Director


FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£ £ £ £ £
Balance at 1 February 2023 57 2,343,761 1,696,641 50 4,040,509

Changes in equity
Profit for the year - 662,242 - - 662,242
Total comprehensive income - 662,242 - - 662,242
Balance at 31 January 2024 57 3,006,003 1,696,641 50 4,702,751

Changes in equity
Profit for the year - 929,845 - - 929,845
Contribution to Fenland Holdings
EOT

-

(1,828,746

)

-

-

(1,828,746

)
Total comprehensive income - (898,901 ) - - (898,901 )
Issue of share capital 4 - - - 4
Balance at 31 January 2025 61 2,107,102 1,696,641 50 3,803,854

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£ £ £ £ £
Balance at 1 February 2023 57 4,157,373 1,696,641 50 5,854,121

Changes in equity
Profit for the year - 2,100,340 - - 2,100,340
Total comprehensive income - 2,100,340 - - 2,100,340
Balance at 31 January 2024 57 6,257,713 1,696,641 50 7,954,461

Changes in equity
Deficit for the year - (33,630 ) - - (33,630 )
Contribution to Fenland Holdings
EOT

-

(1,828,746

)

-

-

(1,828,746

)
Total comprehensive income - (1,862,376 ) - - (1,862,376 )
Issue of share capital 4 - - - 4
Balance at 31 January 2025 61 4,395,337 1,696,641 50 6,092,089

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Fenland Holdings 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 General Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

BASIS OF CONSOLIDATION
The financial statements consolidate the accounts of Fenland Holdings Ltd and all of its subsidiary undertakings ('subsidiaries').

TURNOVER
Turnover comprises revenue recognised by the group in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Contract revenue within turnover includes the value of work completed during the financial year after reference to the total sales value and the stage of completion of the contract, as detailed more fully below.

GOODWILL
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Income Statement over its estimated useful life. Goodwill arising on the acquisition of Fenland Flat Roofing Limited is being amortised over a useful economic life of 20 years subject to any provisions for impairment.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


3. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary companies are stated at cost less any provision for impairment.

AMOUNTS RECOVERABLE ON CONTRACTS
Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total costs expected for the contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

DIVIDENDS AND CONTRIBUTIONS
Interim dividends and distributions to the Employee Ownership Trust are recognised when paid.

TAX
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. it is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 1 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 20 (2024 - 22 ) .

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. INTANGIBLE FIXED ASSETS

Group
Goodwill
£
COST
At 1 February 2024
and 31 January 2025 5,376,460
AMORTISATION
At 1 February 2024 4,118,859
Charge for year 268,823
At 31 January 2025 4,387,682
NET BOOK VALUE
At 31 January 2025 988,778
At 31 January 2024 1,257,601

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


6. INTANGIBLE FIXED ASSETS - continued

Group

Following the receipt of a large dividend from the company's trading subsidiary Fenland Flat Roofing Limited during the period ended 31 January 2015, the directors conducted an impairment review of the goodwill in the consolidated balance sheet and the investment in the company balance sheet relating to that company at that date. The recoverable amount of the goodwill and the investment was determined based on value in use calculations, using budgets and cash flow projections established by the directors and by applying a discount rate and growth rate comparable to market rates for other assets of a similar nature and risk. In making this assessment, the directors used a discount rate of 10%, prudently assumed a growth rate of 0% and estimated that cash flow generation would be maintained at or above the then current levels.

As a result of this review, the carrying value of the investment in the company balance sheet was written down to £5,750,000 as at 31 January 2015 and the directors considered that no adjustment was required to the carrying value of goodwill in the consolidated balance sheet as the value in use exceeded the carrying value at that date. Further reviews have been carried out and the directors considered that no adjustment to the carrying value of the investment was necessary for the years ended 31 January 2016 and 31 January 2017 and that the value in use of the goodwill exceeded its carrying value at each of those dates.

A further review was carried out for the year ended 31 January 2018 and the directors considered that £1,000,000 of the provision for impairment of the investment could be written back, the value of the investment having increased due to improved trading performance.

A further review was carried out for the year ended 31 January 2020 and the director considered that in recognition of the reduced profit levels in the subsidiary for the preceding two years, an adjustment was required for that year to reduce the carrying value of the investment to £5,000,000. The director also considered that an impairment provision of £250,000 was required to reduce the carrying value of goodwill to its estimated value in use.

A further review was carried out for the year ended 31 January 2021 and the director considered that no further adjustment was required to the carrying value of the investment in the company's balance sheet or to the carrying value of goodwill in the consolidated balance sheet.

A further review was carried out for the year ended 31 January 2022, and in the light of much improved trading performance in the subsidiary,, the director considered it appropriate to write back £2,000,000 of the provision made against the carrying value of the investment, so as to increase that carrying value to £7,000,000, and to write back the £250,000 impairment provision made in the year ended 31 January 2020 against the carrying value of the goodwill.

A further review was carried out for the year ended 31 January 2023 following the continued improvement in the trading performance of the subsidiary. Based on this, the director considered it appropriate to write back another £1,300,000 of the provision made against the carrying value of the investment so as to increase that carrying value to £8,300,000.

A further review was carried out for the year ended 31 January 2024. The directors considered that no further adjustment to the carrying value was necessary.

A further review was carried out for the year ended 31 January 2025. The directors considered that no further adjustment to the carrying value was necessary.

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. TANGIBLE FIXED ASSETS

Group
Fixtures
Improvements and Motor
to property fittings vehicles Totals
£ £ £ £
COST
At 1 February 2024 99,881 182,271 341,328 623,480
Additions - 14,346 123,327 137,673
Disposals - (69,592 ) (84,644 ) (154,236 )
At 31 January 2025 99,881 127,025 380,011 606,917
DEPRECIATION
At 1 February 2024 62,225 139,966 141,416 343,607
Charge for year 9,988 11,918 64,409 86,315
Eliminated on disposal - (67,535 ) (43,906 ) (111,441 )
At 31 January 2025 72,213 84,349 161,919 318,481
NET BOOK VALUE
At 31 January 2025 27,668 42,676 218,092 288,436
At 31 January 2024 37,656 42,305 199,912 279,873

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 February 2024 188,218
Additions 123,327
Transfer to ownership (134,367 )
At 31 January 2025 177,178
DEPRECIATION
At 1 February 2024 75,644
Charge for year 40,391
Transfer to ownership (75,735 )
At 31 January 2025 40,300
NET BOOK VALUE
At 31 January 2025 136,878
At 31 January 2024 112,574

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£
COST
At 1 February 2024
and 31 January 2025 8,555,459
PROVISIONS
At 1 February 2024
and 31 January 2025 255,459
NET BOOK VALUE
At 31 January 2025 8,300,000
At 31 January 2024 8,300,000

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

SUBSIDIARY

Fenland Flat Roofing Limited
Registered office: 9 High Green, Great Shelford, Cambridge CB22 5EG
Nature of business: Roofing contractors
%
Class of shares: holding
Ordinary 100.00
2025 2024
£ £
Aggregate capital and reserves 5,022,986 3,790,689
Profit for the year 1,232,297 714,667


Details of the movements in the impairment provision are shown in note 6.

9. DEBTORS

Group
2025 2024
£ £
Amounts falling due within one year:
Trade debtors 269,448 40,118
Amounts recoverable on
contracts 1,329,894 1,438,775
Other debtors 1,095 1,462
VAT 112,548 93,910
Prepayments and accrued income 328,493 484,632
2,041,478 2,058,897

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


9. DEBTORS - continued

Group
2025 2024
£ £
Amounts falling due after more than one year:
Amounts recoverable on
contracts 510,255 493,876
510,255 493,876

Aggregate amounts 2,551,733 2,552,773

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2025 2024 2025 2024
£ £ £ £
Hire purchase contracts (see note 12) 38,177 33,253 - -
Trade creditors 827,497 792,693 - -
Amounts owed to group undertakings - - 2,206,611 277,086
Tax 219,713 201,660 - 68,449
Social security and other taxes 64,013 72,236 - -
Other creditors 1,654 354 - 4
Accruals and deferred income 200,314 170,010 1,300 -
1,351,368 1,270,206 2,207,911 345,539

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2025 2024
£ £
Hire purchase contracts (see note 12) 53,331 16,682

12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2025 2024
£ £
Net obligations repayable:
Within one year 38,177 33,253
Between one and five years 53,331 16,682
91,508 49,935

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


12. LEASING AGREEMENTS - continued

Group
Non-cancellable
operating leases
2025 2024
£ £
Within one year - 959

13. SECURED DEBTS

The following secured debts are included within creditors:

Group
2025 2024
£ £
Hire purchase contracts 91,508 49,935

The other loans in 2023 were secured by a debenture over the assets of the company and a cross guarantee over the assets of the subsidiary company, Fenland Flat Roofing Limited. The priority of security between the loans is governed by an intercreditor deed. This was satisfied during 2024.

Hire purchase contracts are secured against the relevant assets.

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
5,000 A Ordinary £0.01 50 50
668 B Ordinary £0.01 11 7
61 57

The rights attaching to each class of shares are as follows:

The A Ordinary shares do not carry a present or future preferential right to dividends, to the company's assets on a winding up or to be redeemed in preference to shares in any other class of shares. They have attached to them full voting rights and full dividend rights.They do not confer any rights of redemption. They have capital distribution rights limited to pro rata rights in proportion to the total number of ordinary shares.

The B Ordinary shares entitle the holders to receive dividends pro rata to their respective holdings of shares in issue in the capital of the company save that it shall be within the power of the directors to declare dividends on all or any such classes of shares in such amounts (if any) as the directors shall think fit. The B Ordinary shares carry voting rights pari passu with the A Ordinary shares and an entitlement to share in the proceeds on a winding up. The B Ordinary shares are not redeemable.

FENLAND HOLDINGS LTD (REGISTERED NUMBER: 06524598)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


15. RELATED PARTY DISCLOSURES

At the year end, the company owed its subsidiary £2,206,611 (2024 - £277,086). The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

During the year, the company paid rent of £1,111 (2024 - £6,667) to a director, £33,888 (2024 - £22,933) to a business operated by members of that director's family and £7,000 (2024 - nil) to a company owned by a director.

The group is controlled by Fenland Holdings Employee Ownership Trust following the purchases of 100% of the shares of the holding company by the Trust on 1 February 2024.