REGISTERED NUMBER: 07021257 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

FAREHAM CREEK LTD

Page

Company Information

1

Report of the Accountants

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P A Heather

Dr N W Aston

SECRETARY:

P A Heather

REGISTERED OFFICE:

32 East Street

Fareham

PO16 0BY

REGISTERED NUMBER:

07021257 (England and Wales)

ACCOUNTANTS:

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2025 set out on pages four to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

23 May 2026

FIXED ASSETS

Intangible assets

4

606,286

606,286

Tangible assets

5

1,148,073

958,741

1,754,359

1,565,027

CURRENT ASSETS

Stocks

46,712

45,364

Debtors

15,689

22,268

Cash at bank and in hand

908,338

841,498

970,739

909,130

CREDITORS

Amounts falling due within one year

(213,067

)

(224,001

)

NET CURRENT ASSETS

757,672

685,129

TOTAL ASSETS LESS CURRENT LIABILITIES

2,512,031

2,250,156

CREDITORS

Amounts falling due after more than one year

(1,652

)

(892

)

PROVISIONS FOR LIABILITIES

8

(25,118

)

(27,180

)

NET ASSETS

2,485,261

2,222,084

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

2,485,161

2,221,984

SHAREHOLDERS' FUNDS

2,485,261

2,222,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2026 and were signed on its behalf by:

P A Heather - Director

1.	STATUTORY INFORMATION

Fareham Creek Ltd 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.

Goodwill

As a departure from FRS 102 Section 19 the members have not amortised goodwill in these financial statements. This treatment is adopted on the basis of the true and fair override concept in the preparation of financial statements. Veterinary businesses tend to increase in value over time and amortisation of goodwill would be in conflict with this underlying commercial reality.

The members will carry out a regular impairment review to confirm whether the current value of goodwill is at least equal to its carrying value. If not, the goodwill will be written down to the lower value determined in the impairment review less residual value.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Freehold property - no depreciation charge is made on the grounds it would be immaterial, because the estimated residual value of the tangible fixed asset is not materially different from the carrying value of the asset.

All fixed assets are recorded at initial cost.

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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

and 31 August 2025

606,286

NET BOOK VALUE

At 31 August 2025

606,286

At 31 August 2024

606,286

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

1,138,650

Additions

223,295

At 31 August 2025

1,361,945

DEPRECIATION

At 1 September 2024

179,909

Charge for year

33,963

At 31 August 2025

213,872

NET BOOK VALUE

At 31 August 2025

1,148,073

At 31 August 2024

958,741

6.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

-

6,045

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

6,045

Lloyds Bank Plc have a fixed and floating charge over the freehold property known as 32 East Street.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

25,118

27,180

Deferred

tax

£

Balance at 1 September 2024

27,180

Credit to Income Statement during year

(2,062

)

Balance at 31 August 2025

25,118

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 September 2024

2,221,984

Profit for the year

291,177

Dividends

(28,000

)

At 31 August 2025

2,485,161

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end P A Heather was owed £826 (2024: £446), and N Aston was owed £826 (2024: £446). These loans were interest free and without repayment terms.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,000 (2024 - £54,000) were paid to the directors .

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.