REGISTERED NUMBER: 00662195 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2024 TO 31 DECEMBER 2024

FOR

FENTON AND WOOLF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Green

REGISTERED OFFICE:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

REGISTERED NUMBER:

00662195 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

Winchmore Hill

London

N21 3NA

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

1,655,000

1,655,000

1,655,000

1,655,000

CURRENT ASSETS

Stocks

590

-

Debtors

6

3,880

-

Cash at bank

3,786

4,971

8,256

4,971

CREDITORS

Amounts falling due within one year

7

(92,641

)

(92,124

)

NET CURRENT LIABILITIES

(84,385

)

(87,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,570,615

1,567,847

CREDITORS

Amounts falling due after more than one year

8

(233,255

)

(242,769

)

PROVISIONS FOR LIABILITIES

(308,921

)

(308,921

)

NET ASSETS

1,028,439

1,016,157

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

926,762

926,762

Retained earnings

101,577

89,295

SHAREHOLDERS' FUNDS

1,028,439

1,016,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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 11 December 2025 and were signed by:

J D Green - Director

1.	STATUTORY INFORMATION

Fenton and Woolf 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of 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.

Tangible fixed assets

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

Fixtures and fittings

20% on cost

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.

Stocks

Inventories are stated at the lower of cost and net realisable value. Cost includes the purchase price and other directly attributable costs of bringing the inventories to their present location and condition.

Net realisable value represents the estimated selling price less all estimated costs of completion and selling expenses. Where the net realisable value of inventories is lower than their cost, inventories are written down, and the impairment is recognised as an expense in the profit and loss accounts.

The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the period 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 period 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 period was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2024

and 31 December 2024

47,123

DEPRECIATION

At 1 July 2024

and 31 December 2024

47,123

NET BOOK VALUE

At 31 December 2024

-

At 30 June 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 31 December 2024

1,655,000

NET BOOK VALUE

At 31 December 2024

1,655,000

At 30 June 2024

1,655,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

2,648,828

Valuation in 2023

(1,401,006

)

Valuation in 2024

(12,139

)

Cost

419,317

1,655,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Other debtors

3,880

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Bank loans and overdrafts

41,577

41,805

Amounts owed to group undertakings

590

-

Taxation and social security

5,430

2,768

Other creditors

45,044

47,551

92,641

92,124

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Bank loans

233,255

242,769

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

70,494

85,951

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2024

£

£

Bank loans

274,832

284,574

The bank loans are secured by way of fixed charge on two of the investment properties, and contains a negative pledge.

10.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 31 December 2024

926,762

11.	RELATED PARTY DISCLOSURES