FNX Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13590457

FNX Holdings Limited

Filleted Unaudited Financial Statements

31 December 2024

FNX Holdings Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

FNX Holdings Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	5	697,596	1,037,752

Current assets

Debtors	6	961	–
Cash at bank and in hand		13,961	13,691
		--------	--------
		14,922	13,691

Creditors: amounts falling due within one year	7	609,766	1,012,508
		---------	------------
Net current liabilities		594,844	998,817
		---------	------------
Total assets less current liabilities		102,752	38,935
		---------	--------
Net assets		102,752	38,935
		---------	--------

Capital and reserves

Called up share capital	3,200	3,200
Profit and loss account	99,552	35,735
	---------	--------
Shareholders funds	102,752	38,935
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

FNX Holdings Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr G I Furneaux

Director

Company registration number: 13590457

FNX Holdings Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024	1,037,752
Additions	356,616
Disposals	( 711,749)
Revaluations	14,977
	------------
At 31 December 2024	697,596
	------------
Impairment
At 1 January 2024 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	697,596
	------------
At 31 December 2023	1,037,752
	------------

During the year the company held investments of £682,619 in a fund managed by a wealth management company. The investments are measured at fair value based on the quoted market price in an active market, the fair value as at the year end date was £697,596.

6. Debtors

	2024	2023
	£	£
Other debtors	961	–
	----	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,752	–
Other creditors	607,014	1,012,508
	---------	------------
	609,766	1,012,508
	---------	------------

8. Related party transactions

At the period end, the company owed the directors £604,902 (2023: £1,010,658).