FENEX PROPERTIES LTD.

Company Registration Number:
13505584 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

FENEX PROPERTIES LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

FENEX PROPERTIES LTD.

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Investments: 3 1,025,201 953,126
Total fixed assets: 1,025,201 953,126
Current assets
Debtors:   2,259 1,952
Cash at bank and in hand: 3,816 20,739
Total current assets: 6,075 22,691
Creditors: amounts falling due within one year:   (3,643) (3,941)
Net current assets (liabilities): 2,432 18,750
Total assets less current liabilities: 1,027,633 971,876
Creditors: amounts falling due after more than one year: 4 (933,240) (961,078)
Provision for liabilities: (18,019)
Total net assets (liabilities): 76,374 10,798
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 76,370 10,794
Shareholders funds: 76,374 10,798

The notes form part of these financial statements

FENEX PROPERTIES LTD.

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 November 2025
and signed on behalf of the board by:

Name: Sabu Thomas Chengalikuzhiyil
Status: Director

The notes form part of these financial statements

FENEX PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FENEX PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 4 4

FENEX PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Fixed investments

"The investment properties comprise eight residential properties located in the UK which are held for rental income and capital appreciation. In accordance with Section 16 of FRS 102, investment properties are measured at fair value with any changes in fair value recognised in the profit and loss account. The directors have reviewed local market conditions, recent comparable sales of similar residential properties and other relevant market data when assessing fair value. During the year, the portfolio was revalued resulting in a net unrealised gain of £72,075 (2024: £0), which has been recognised in the profit and loss account. The fair value of the investment property portfolio at 31 March 2025 was £1,025,201 (2024: £953,126)."

FENEX PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due after more than one year note

At 31 March 2025, the company had mortgage borrowings of £688,220, secured by legal charges over its investment properties. The loans are interest-only, and interest rates typically range between 3% and 4% per annum. Repayment is due at the end of each mortgage term.

FENEX PROPERTIES LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: At the balance sheet date, the company owed the directors a total of £231,920 (2024: £259,158). These balances represent loans advanced to the company to support ongoing business activities. The balances are included within creditors: amounts falling due after more than one year. The balances are unsecured, interest-free, and have no fixed terms of repayment.
£
Balance at 01 April 2024 259,158
Balance at 31 March 2025 231,920