REGISTERED NUMBER: 05969757 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

FACE2FACE HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Swire

REGISTERED OFFICE:

Independent House

49-51 Church Street

Littleborough

OL15 8AB

REGISTERED NUMBER:

05969757 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Tangible assets

4

155

-

Investment property

5

386,745

236,745

386,900

236,745

CURRENT ASSETS

Debtors

6

-

111,646

Cash at bank

1,790

3,551

1,790

115,197

CREDITORS

Amounts falling due within one year

7

77,498

67,429

NET CURRENT (LIABILITIES)/ASSETS

(75,708

)

47,768

TOTAL ASSETS LESS CURRENT LIABILITIES

311,192

284,513

CREDITORS

Amounts falling due after more than one year

8

170,660

161,593

NET ASSETS

140,532

122,920

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

140,530

122,918

SHAREHOLDERS' FUNDS

140,532

122,920

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 22nd December 2025 and were signed by:

J Swire - Director

1.	STATUTORY INFORMATION

Face2face Holdings 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.

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.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

155

At 31st March 2025

155

NET BOOK VALUE

At 31st March 2025

155

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

236,745

Additions

150,000

At 31st March 2025

386,745

NET BOOK VALUE

At 31st March 2025

386,745

At 31st March 2024

236,745

In the opinion of the director the market value of the properties is the same as cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

111,646

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

23,009

41,969

Amounts owed to group undertakings

42,269

12,100

Taxation and social security

7,630

10,560

Other creditors

4,590

2,800

77,498

67,429

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

170,660

161,593

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

147,429

66,257

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

193,669

203,562

The bank loan is secured by a legal mortgage dated 30 November 2023 over the freehold property of the company in favour of The Allica Bank Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J Swire.