REGISTERED NUMBER: 02930065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FAVERMEAD HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Khalili

REGISTERED OFFICE:

Unit 24

Victoria Industrial Estate

Victoria Road

London

W3 6UU

REGISTERED NUMBER:

02930065 (England and Wales)

ACCOUNTANTS:

Orcom Civvals Limited

Accountants

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Tangible assets

4

4,989,899

6,094,896

CURRENT ASSETS

Debtors

5

458,703

402,263

Cash at bank

420,732

372,043

879,435

774,306

CREDITORS

Amounts falling due within one year

6

(6,704,432

)

(8,112,379

)

NET CURRENT LIABILITIES

(5,824,997

)

(7,338,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(835,098

)

(1,243,177

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(835,198

)

(1,243,277

)

SHAREHOLDERS' FUNDS

(835,098

)

(1,243,177

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 8 December 2025 and were signed by:

D J Khalili - Director

1.	STATUTORY INFORMATION

Favermead Holdings Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the income received from sale of fishing rights excluding value added tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

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.

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.

Fishing stocks

Purchases to replenish the stock of fish in the company's lakes are written off to the profit and loss account as incurred.

Going concern

The shareholders and group companies have expressed their willingness to provide continued financial support to the company and as such the financial statements are prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

6,720,674

519,542

7,240,216

Additions

-

2,013

2,013

Disposals

(1,033,684

)

-

(1,033,684

)

At 31 March 2025

5,686,990

521,555

6,208,545

DEPRECIATION

At 1 April 2024

629,962

515,358

1,145,320

Charge for year

71,777

1,549

73,326

At 31 March 2025

701,739

516,907

1,218,646

NET BOOK VALUE

At 31 March 2025

4,985,251

4,648

4,989,899

At 31 March 2024

6,090,712

4,184

6,094,896

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

447,348

390,908

Prepayments and accrued income

11,355

11,355

458,703

402,263

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,993

6,198

Amounts owed to group undertakings

3,286,867

3,397,462

Social security and other taxes

4,901

4,386

VAT

79,255

72,524

Other creditors

3,321,287

4,615,531

Directors' current accounts

-

8,035

Accruals and deferred income

7,129

8,243

6,704,432

8,112,379

7.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £3,311,264 (2024: £4,611,264) due to ultimate parent company Meriken Holding Inc.

Included in other debtors is an amount of £447,348 (2024: £390,908) due from Amber Lakes U.K. Limited, a company in which the director has an interest.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Khalili Familiensiftung registered in Lichtenstein.

9.	PARENT COMPANY

The immediate parent company is Favermead Assets Limited incorporated in England and Wales and the ultimate parent company is Meriken Holding Inc incorporated in the British Virgin Islands.