Fillymoe Holdings Limited - Filleted accounts


FILLYMOE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025



































Company Registration Number: 12425043

FILLYMOE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

FILLYMOE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025


DIRECTORS

P J Barnard
Mrs R C Barnard


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

4 Witan Way
Witney
Oxon
OX28 6FF


COMPANY REGISTRATION NUMBER

12425043 England and Wales

FILLYMOE HOLDINGS LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Investments	5		234,587		234,462

CURRENT ASSETS
Debtors	6	35,317		-
Cash at bank and in hand		1,950		1,940


		37,267		1,940

CREDITORS: Amounts falling due within one year	7	11,716		120,678
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS / (LIABILITIES)			25,551		(118,738)


TOTAL ASSETS LESS CURRENT LIABILITIES			260,138		115,724

CREDITORS: Amounts falling due after more than one year	8		91,702		99,807
CREDITORS: Amounts falling due after more than one year


NET ASSETS			168,436		15,917


CAPITAL AND RESERVES
Called up share capital			100		100
Distributable profit and loss account			168,336		15,817


SHAREHOLDERS' FUNDS			168,436		15,917

FILLYMOE HOLDINGS LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have 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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




P J Barnard						Mrs R C Barnard
Director						Director

Date approved by the board: 21 August 2025

FILLYMOE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1	GENERAL INFORMATION

	Fillymoe Holdings Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	4 Witan Way
	Witney
	Oxon
	OX28 6FF

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its creditors £103,418 which could be required for repayment without notice. The company is therefore dependent upon the continued support of the creditors. The directors do not consider the support of the creditors likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover represents rent receivable.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Investment properties

	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

	Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

FILLYMOE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Investments

	Investments in subsidiaries are shown at cost less accumulated impairment losses.

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.


	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

FILLYMOE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Borrowing costs

	All borrowing costs are recognised in the profit and loss account in the period in which they are incurred.

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The directors have made key assumptions in determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2025	2024
	Average number of employees	2	2

FILLYMOE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


5	FIXED ASSET INVESTMENTS
		Investment property	Investment in subsidiary	Total
		£	£	£
	Cost
	At 1 April 2024	234,462	-	234,462

	Additions	-	125	125


	At 31 March 2025	234,462	125	234,587


	Net book value
	At 1 April 2024	234,462	-	234,462


	At 31 March 2025	234,462	125	234,587


	In the opinion of the directors, the investment property has been stated at fair value.

6	DEBTORS
			2025	2024
			£	£
	Other debtors		35,317	-


7	CREDITORS: Amounts falling due within one year
			2025	2024
			£	£
	Bank loans and overdrafts		8,104	7,769
	Taxation and social security		2,112	2,078
	Accruals and deferred income		1,500	1,500
	Other creditors		-	109,331


			11,716	120,678


8	CREDITORS: Amounts falling due after more than one year
			2025	2024
			£	£
	Bank loans and overdrafts		91,702	99,807


	Analysis of creditors falling due after more than five years:
			2025	2024
	Aggregate of instalments which fall due for repayment after five years:		£	£
	Bank loans and overdrafts		63,698	65,193

FILLYMOE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


9	SECURED DEBTS

	The company's bankers hold fixed and floating charges dated 23 April 2020 and 16 June 2020 over the property of the company.

10	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Fillymoe Limited	Subsidiary undertaking