Fanshawe Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15462272

Fanshawe Limited

Filleted Unaudited Financial Statements

5 April 2025

Fanshawe Limited

Statement of Financial Position

5 April 2025

	5 Apr 25
Note	£	£

Fixed assets

Tangible assets	5		35,034

Current assets

Debtors	6	809,542
Cash at bank and in hand		282,566
		------------
		1,092,108

Creditors: amounts falling due within one year	7	375,484
		------------
Net current assets			716,624
			---------
Total assets less current liabilities			751,658
			---------
Net assets			751,658
			---------

Capital and reserves

Called up share capital	8	1,000
Share premium account	9	712,971
Retained earnings	9	37,687
		---------
Shareholders funds		751,658
		---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Fanshawe Limited

Statement of Financial Position (continued)

5 April 2025

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mr Rupert Guy Symmons	Mr Darryl John Trott
Director	Director

Company registration number: 15462272

Fanshawe Limited

Notes to the Financial Statements

Period from 2 February 2024 to 5 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor 5-11 Worship Street, London, EC2ABH, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents amounts receivable for services net of VAT and trade discounts. Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% straight line
Office equipment	-	25 % straight line
Leasehold improvements	-	15 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 12 .

5. Tangible assets

	Fixtures and fittings	Office equipment	Leasehold improvements	Total
	£	£	£	£
Cost or valuation
At 2 February 2024	–	–	–	–
Additions	474	–	–	474
Revaluations	5,157	7,563	28,874	41,594
Transfers	31,420	112,701	51,299	195,420
	--------	---------	--------	---------
At 5 April 2025	37,051	120,264	80,173	237,488
	--------	---------	--------	---------
Depreciation
At 2 February 2024	–	–	–	–
Charge for the period	812	1,891	4,331	7,034
Transfers	31,420	112,701	51,299	195,420
	--------	---------	--------	---------
At 5 April 2025	32,232	114,592	55,630	202,454
	--------	---------	--------	---------
Carrying amount
At 5 April 2025	4,819	5,672	24,543	35,034
	--------	---------	--------	---------

6. Debtors

	5 Apr 25
	£
Trade debtors	680,017
Prepayments and accrued income	94,566
Directors loan account	1,870
Other debtors	33,089
	---------
	809,542
	---------

7. Creditors: amounts falling due within one year

	5 Apr 25
	£
Trade creditors	62,295
Accruals and deferred income	2,250
Social security and other taxes	301,840
Other creditors	9,099
	---------
	375,484
	---------

8. Called up share capital

Issued, called up and fully paid

	5 Apr 25
	No.	£
Ordinary shares of £ 1 each	1,000	1,000
	-------	-------

9. Reserves

Share premium account - This reserve was created when Fanshawe (London) LLP incorporated and transferred the assets and liabilities into the company.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	5 Apr 25
	£
Not later than 1 year	83,520
Later than 1 year and not later than 5 years	341,040
	---------
	424,560
	---------

11. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	5 Apr 25
	£
Mr Rupert Guy Symmons	986
Mr Darryl John Trott	884
	-------
	1,870
	-------

12. Related party transactions

At the year end the directors owed the company £1,870 which is shown within debtors due within one year. This was fully repaid within 9 months of the year end.

13. Controlling party

The ultimate parent undertaking of Fanshawe Limited is Fanshawe Trustees Limited, a company incorporated in England and Wales.