Fenchurch SPV 3 Limited
Unaudited Financial Statements
For the Period ended 31 May 2025
Pages for Filing with Registrar
Company Registration No. 15622543 (England and Wales)
Fenchurch SPV 3 Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Fenchurch SPV 3 Limited
Balance Sheet
As at 31 May 2025
Page 1
2025
Notes
£
£
Current assets
Debtors
3
16,691,982
Cash at bank and in hand
216,824
16,908,806
Creditors: amounts falling due within one year
4
(2,701,710)
Net current assets
14,207,096
Creditors: amounts falling due after more than one year
5
(14,207,095)
Net assets
1
Capital and reserves
Called up share capital
6
1

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 7 January 2026 and are signed on its behalf by:
L Klouda
Director
Company Registration No. 15622543
Fenchurch SPV 3 Limited
Notes to the Financial Statements
For the period ended 31 May 2025
Page 2
1
Accounting policies
Company information

Fenchurch SPV 3 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Room 343, Linen Hall, 162-168 Regent Street, London, United Kingdom, W1B 5TB.

1.1
Reporting period

The annual financial statements are presented for a period longer than one year. The reason for using a longer period is that this is the first period of accounts since incorporation and the company year-end has been aligned to the other companies in the group. As this is the first set of financial statements since incorporation, no comparative amounts are presented in the financial statements (including the related notes).

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Fenchurch SPV 3 Limited
Notes to the Financial Statements (Continued)
For the period ended 31 May 2025
1
Accounting policies
(Continued)
Page 3
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Fenchurch SPV 3 Limited
Notes to the Financial Statements (Continued)
For the period ended 31 May 2025
Page 4
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was nil.

3
Debtors
2025
Amounts falling due within one year:
£
Amounts owed by group undertakings
14,915,951
Other debtors
35,841
Prepayments and accrued income
1,740,190
16,691,982
4
Creditors: amounts falling due within one year
2025
£
Trade creditors
42,984
Amounts owed to group undertakings
2,219,554
Other creditors
90,008
Accruals and deferred income
349,164
2,701,710
5
Creditors: amounts falling due after more than one year
2025
£
Other creditors
14,207,095

Other creditors due after more than one year are secured by a fixed and floating charge over the company's assets in their entirety.

6
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
1
1
7
Related party transactions

The company has taken advantage of the exemption available in accordance with FRS 102 'Related Party Disclosures' not to disclose transactions with group companies.

Fenchurch SPV 3 Limited
Notes to the Financial Statements (Continued)
For the period ended 31 May 2025
Page 5
8
Parent company

The parent company is Fenchurch Legal Limited, a company incorporated in England and Wales, with a registered address of Room 343, Linen Hall, 162-168 Regent Street, London, W1B 5TB.

The ultimate controlling party is L Klouda, by virtue of her majority shareholding in Fenchurch Legal Limited.

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