REGISTERED NUMBER: 09345533 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

The Fennes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E J Tabor

K J Tabor

S Palmer

REGISTERED OFFICE:

The Fennes Estate

Fennes Road

Bocking

Braintree

CM7 5PL

REGISTERED NUMBER:

09345533 (England and Wales)

SENIOR STATUTORY AUDITOR:

Eric McIntyre

AUDITORS:

Cartwrights

Chartered Accountants and Business Advisors

Statutory Auditor

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

870,770

1,003,252

870,770

1,003,252

CURRENT ASSETS

Stocks

70,267

58,118

Debtors

6

1,353,871

918,891

Cash at bank and in hand

235,066

164,391

1,659,204

1,141,400

CREDITORS

Amounts falling due within one year

7

2,228,836

1,891,886

NET CURRENT LIABILITIES

(569,632

)

(750,486

)

TOTAL ASSETS LESS CURRENT LIABILITIES

301,138

252,766

CREDITORS

Amounts falling due after more than one year

8

(86,766

)

(70,707

)

PROVISIONS FOR LIABILITIES

(62,062

)

(86,881

)

NET ASSETS

152,310

95,178

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

151,310

94,178

152,310

95,178

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

E J Tabor - Director

1.	STATUTORY INFORMATION

The Fennes 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

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the fair value of services rendered under contract to the extent that there is a right to consideration and is recorded at the value of the consideration due, net of trade discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the amount of turnover can be measured reliably and conditions as stated in the contracts are satisfied. Where payments are received from customers in advance of service provided, the amounts are recorded as deferred income and included as part of creditors.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

5% on cost and 10% and 33% on cost

Stocks

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

Financial instruments

Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement.

Financial assets are derecognised when:

- the contractual right to cash flows from the asset are settled or expire,

- substantially all the risk and rewards of the ownership of the asset are transferred to another party or

- despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the liability is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2024 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

400,000

AMORTISATION

At 1 April 2024

and 31 March 2025

400,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

583,853

2,278,833

2,862,686

Additions

-

28,692

28,692

Disposals

-

(21,837

)

(21,837

)

At 31 March 2025

583,853

2,285,688

2,869,541

DEPRECIATION

At 1 April 2024

130,895

1,728,539

1,859,434

Charge for year

11,583

130,291

141,874

Eliminated on disposal

-

(2,537

)

(2,537

)

At 31 March 2025

142,478

1,856,293

1,998,771

NET BOOK VALUE

At 31 March 2025

441,375

429,395

870,770

At 31 March 2024

452,958

550,294

1,003,252

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

65,953

88,579

Amounts owed by group undertakings

1,115,169

707,597

Other debtors

172,749

122,715

1,353,871

918,891

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

101,177

104,099

Amounts owed to group undertakings

894,951

704,999

Taxation and social security

107,200

94,046

Other creditors

1,125,508

988,742

2,228,836

1,891,886

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Other creditors

86,766

70,707

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Eric McIntyre (Senior Statutory Auditor)

for and on behalf of Cartwrights

10.	RELATED PARTY DISCLOSURES

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.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is E J Tabor.

The company is controlled by its parent company, The Tabor Group Limited, a company registered in England and Wales.

The Tabor Group Limited prepares group financial statements and a copy can be obtained from the company's registered office at Regency House, 33 Wood Street Barnet, EN5 4BE.