Fullwood House (ACH) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09011781 (England and Wales)

FULLWOOD HOUSE (ACH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr J Bailey

REGISTERED OFFICE:

Farmland Cottage

Broadmoor Road

Carbrooke

Thetford

Norfolk

IP25 6SZ

REGISTERED NUMBER:

09011781 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fullwood House (ACH) Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fullwood House (ACH) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fullwood House (ACH) Limited and state those matters that we have agreed to state to the director of Fullwood House (ACH) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fullwood House (ACH) Limited and its director for our work or for this report.

It is your duty to ensure that Fullwood House (ACH) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fullwood House (ACH) Limited. You consider that Fullwood House (ACH) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fullwood House (ACH) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

8 December 2025

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

410,000

CURRENT ASSETS

Debtors

6

160,656

118,923

Cash at bank and in hand

9,713

14,388

170,369

133,311

CREDITORS

Amounts falling due within one year

7

621,821

524,107

NET CURRENT LIABILITIES

(451,452

)

(390,796

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,452

)

19,204

PROVISIONS FOR LIABILITIES

1,900

NET (LIABILITIES)/ASSETS

(43,352

)

17,304

CAPITAL AND RESERVES

Called up share capital

1

Revaluation reserve

8

39,340

Retained earnings

(82,693

)

(22,037

)

SHAREHOLDERS' FUNDS

(43,352

)

17,304

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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:

Mr J Bailey - Director

1.	STATUTORY INFORMATION

Fullwood House (ACH) 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net sales of goods/services, excluding value added tax

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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.

Freehold property

-

not depreciated

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

350,000

AMORTISATION

At 1 November 2024

and 31 October 2025

350,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 November 2024

and 31 October 2025

410,000

NET BOOK VALUE

At 31 October 2025

410,000

At 31 October 2024

410,000

Cost or valuation at 31 October 2025 is represented by:

Freehold

property

£

Valuation in 2021

39,340

Cost

370,660

410,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

155,858

118,597

Other debtors

4,798

326

160,656

118,923

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

4,205

3,087

Other creditors

617,616

521,020

621,821

524,107

8.

RESERVES

Revaluation

reserve

£

At 1 November 2024

and 31 October 2025

39,340

9.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Approach Community Homes Limited. Approach Community Homes Limited also has two other wholly owned subsidiary companies; Milton House (ACH) Limited and Merrimore House Limited.

During the year Fullwood House (ACH) Limited paid management fees of £257,000 (2024: £184,000) to Approach Community Homes Limited.

At the balance sheet date Fullwood House (ACH) Limited was owed £155,858 (2024: £118,597) by Approach Community Homes Limited.