REGISTERED NUMBER: 13904471 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Fonteyn Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Sleath

REGISTERED OFFICE:

19 Meridian North

Meridian Business Park

Leicester

LE19 1WR

REGISTERED NUMBER:

13904471 (England and Wales)

AUDITORS:

Hills Accountants Limited

Greenhill House

First Floor East Wing

Thorpe Road

Peterborough

Cambridgeshire

PE3 6RU

FIXED ASSETS

Tangible assets

4

116,979

137,454

CURRENT ASSETS

Stocks

1,355,914

1,652,765

Debtors

5

387,817

348,205

Cash at bank and in hand

173,260

32,717

1,916,991

2,033,687

CREDITORS

Amounts falling due within one year

6

5,387,545

4,422,514

NET CURRENT LIABILITIES

(3,470,554

)

(2,388,827

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,353,575

)

(2,251,373

)

CREDITORS

Amounts falling due after more than one year

7

13,827

20,229

NET LIABILITIES

(3,367,402

)

(2,271,602

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,367,502

)

(2,271,702

)

(3,367,402

)

(2,271,602

)

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 29 December 2025 and were signed by:

M J Sleath - Director

1.	STATUTORY INFORMATION

Fonteyn 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors do not consider that any key judgements have been made in preparing these financial statements.

Going concern

The directors have prepared forecasts for the company for a period greater than 12 months from the date of

approval of these financial statements. The forecasts take into account known changes in the trading

environment, performance, and funding requirements during that period.

After making enquiries, the directors have a reasonable expectation that the company has sufficient funds to meet its liabilities as they fall due, allowing the business to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis of preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 20% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower if cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in the 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

168,547

Additions

13,864

At 31 December 2024

182,411

DEPRECIATION

At 1 January 2024

31,093

Charge for year

34,339

At 31 December 2024

65,432

NET BOOK VALUE

At 31 December 2024

116,979

At 31 December 2023

137,454

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

387,817

348,205

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 8)

6,402

6,402

Trade creditors

254,525

188,592

Amounts owed to group undertakings

4,610,006

3,925,703

Taxation and social security

115,356

65,939

Other creditors

401,256

235,878

5,387,545

4,422,514

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 8)

13,827

20,229

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

6,402

6,402

Between one and five years

13,827

20,229

20,229

26,631

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

595,000

595,000

Between one and five years

892,500

1,487,500

1,487,500

2,082,500

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee James Hills (Senior Statutory Auditor)

for and on behalf of Hills Accountants Limited

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Passionspas Holding B.V., a company incorporated in the Netherlands.

Consolidated accounts are available from Meervelderweg 52, 3888 NK Uddel, Netherlands.