Fontelunga Limited - Filleted accounts

Registered number

03832788

Fontelunga Limited

Unaudited Filleted Accounts

31 December 2024

Fontelunga Limited
Registered number:		03832788
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		281,094			293,569

Current assets
Debtors	4	228,722			246,815
Cash at bank and in hand		5,714			339
		234,436			247,154

Creditors: amounts falling due within one year	5	(132,254)			(115,671)

Net current assets			102,182			131,483

Total assets less current liabilities			383,276			425,052

Creditors: amounts falling due after more than one year	6		(136,598)			(182,901)



Net assets			246,678			242,151

Capital and reserves
Called up share capital			306,388			306,388
Other reserve			262,513			259,290
Profit and loss account			(322,223)			(323,527)

Shareholders' funds			246,678			242,151

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 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.
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.




S Carey			P Kastelec			P Robinson
Director			Director			Director
Approved by the board on 1 September 2025

Fontelunga Limited
Notes to the Accounts
for the year ended 31 December 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).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			20% reducing balance
	Fixtures, fittings, tools and equipment			20% reducing balance
	Vehicles			20% reducing balance


	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	704,728		212,438		2,655		919,821
	Additions	10,619		2,568		-		13,187
	At 31 December 2024	715,347		215,006		2,655		933,008

	Depreciation
	At 1 January 2024	424,600		201,005		647		626,252
	Charge for the year	21,600		3,427		635		25,662
						-		-
	At 31 December 2024	446,200		204,432		1,282		651,914

	Net book value
	At 31 December 2024	269,147		10,574		1,373		281,094
	At 31 December 2023	280,128		11,433		2,008		293,569






4	Debtors					2024		2023
£							£

	Trade debtors					229		837
	Other debtors					228,493		245,978
						228,722		246,815


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					49,524		39,435
	Trade creditors					30,842		31,865
	Taxation and social security costs					1,663		-
	Other creditors					50,225		44,371
						132,254		115,671


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					136,598		182,901


7	Loans					2024		2023
£							£
	Creditors include:

	Secured bank loans					157,786		185,882

	The bank loan is secured against the freehold property.


8	Other reserves					2024		2023
£							£

	At 1 January 2024					259,290		260,602
	Other Reserves					3,223		(1,312)

	At 31 December 2024					262,513		259,290


9	Other information

	Fontelunga Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Studio 6
	6 Hornsey Street
	London
	N7 8GR