Company No:
Contents
| DIRECTORS | Xuebing Fang (Appointed 12 December 2024) |
| Stephen George Hare (Appointed 12 December 2024) |
| REGISTERED OFFICE | The Grainger Suite Dobson House |
| Regent Centre | |
| Newcastle Upon Tyne | |
| NE3 3PF | |
| United Kingdom |
| COMPANY NUMBER | 16132045 (England and Wales) |
| ACCOUNTANT | S&W Partners Newcastle Limited |
| 17 Queens Lane | |
| Newcastle | |
| NE1 1RN |
| Note | 31.12.2025 | |
| £ | ||
| Fixed assets | ||
| Investments | 3 |
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| 7,428,709 | ||
| Current assets | ||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 1,231 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (7,001,386) | |
| Total assets less current liabilities | 427,323 | |
| Net assets |
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| Capital and reserves | ||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Fangs Investments Limited (registered number:
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Xuebing Fang
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Fangs Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Grainger Suite Dobson House, Regent Centre, Newcastle Upon Tyne, NE3 3PF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Fangs Investments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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.
| Period from 12.12.2024 to 31.12.2025 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including directors |
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| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 12 December 2024 |
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| Additions |
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| Disposals | (
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| Movement in fair value |
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| At 31 December 2025 |
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| Carrying value at 31 December 2025 |
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| 31.12.2025 | |
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| Amounts owed by Group undertakings |
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| Other debtors |
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| 31.12.2025 | |
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| Amounts owed to Group undertakings |
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Parent Company:
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| The Grainger Suite Dobson House Regent Centre Newcastle Upon Tyne NE3 3PF |