Fowler & Hare (Anglesey) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01407639 (England and Wales)

Fowler & Hare (Anglesey) Limited

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P H Fowler

Mrs B Harries

SECRETARY:

D Crewsdon

REGISTERED OFFICE:

Pennant House

18 Field Street

Llangefni

Anglesey

LL77 7EH

REGISTERED NUMBER:

01407639 (England and Wales)

FIXED ASSETS

Tangible assets

4

90,492

90,578

Investments

5

54,787

49,779

145,279

140,357

CURRENT ASSETS

Stocks

89,000

Debtors

6

34,934

35,837

Investments

7

168

Cash at bank

7,334

1,148

131,436

126,153

CREDITORS

Amounts falling due within one
year

8

86,686

86,972

NET CURRENT ASSETS

44,750

39,181

TOTAL ASSETS LESS CURRENT
LIABILITIES

190,029

179,538

PROVISIONS FOR LIABILITIES

8,483

NET ASSETS

181,546

171,055

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

9

1,636

Retained earnings

179,810

169,319

181,546

171,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

Mr P H Fowler - Director

1.	STATUTORY INFORMATION

Fowler & Hare (Anglesey) 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.

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.

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

Freehold property has not been depreciated which is not in accordance with generally accepted accounting policies.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

There was no liability for Corporation Tax for the year ended 30th April 2024 due to the trading losses incurred.

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 NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 May 2024

and 30 April 2025

90,000

22,773

112,773

DEPRECIATION

At 1 May 2024

-

22,195

Charge for year

-

86

At 30 April 2025

-

22,281

NET BOOK VALUE

At 30 April 2025

90,000

492

90,492

At 30 April 2024

90,000

578

90,578

The freehold property has been valued by the director at £90,000 at 30th April 2024.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

43,657

PROVISIONS

At 1 May 2024

(6,122

)

Provision for year

(5,008

)

At 30 April 2025

(11,130

)

NET BOOK VALUE

At 30 April 2025

54,787

At 30 April 2024

49,779

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

6,162

7,066

Amounts owed by related parties

28,772

28,771

34,934

35,837

7.	CURRENT ASSET INVESTMENTS

Investment having a net book value of £168 (2023: £168) are listed on the recognised stock exchange and had a market value of £75 at the end of the year (2023: £75).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

11,444

9,268

Amounts owed to related parties

-

2,393

Taxation and social security

-

315

Other creditors

75,242

74,996

86,686

86,972

9.

RESERVES

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

1,636

10.	CONTINGENT LIABILITIES

The company has assumed liability of a private loan in respect of improvement to a property owned by an associated company, London and Anglesey Property Company Limited. The loan is further guaranteed by the director and is repayable on demand at one year and one day's notice, with a variable rate of 3.00% above Bank of England base rate. The amount of loan outstanding at 30th April 2024 was £18,000 (2023: £18,000).

11.	ULTIMATE CONTROLING PARTY

P. H. Fowler Esq. is the ultimate controlling party.