REGISTERED NUMBER: 10621352 (England and Wales)

FOBDOWN INVESTMENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Fielder

Mrs S Fielder

REGISTERED OFFICE:

The Shrubbery

37 Grove Road South

Portsmouth

Hampshire

PO5 3QS

REGISTERED NUMBER:

10621352 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Investments

4

3,760,663

3,896,891

CURRENT ASSETS

Debtors

5

250,000

-

Cash at bank

3,950

6,952

253,950

6,952

CREDITORS

Amounts falling due within one year

6

1,817,211

1,977,239

NET CURRENT LIABILITIES

(1,563,261

)

(1,970,287

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,197,402

1,926,604

CREDITORS

Amounts falling due after more than one year

7

-

650,000

NET ASSETS

2,197,402

1,276,604

CAPITAL AND RESERVES

Called up share capital

600

600

Other reserves

650,000

-

Retained earnings

1,546,802

1,276,004

2,197,402

1,276,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

T Fielder - Director

1.	STATUTORY INFORMATION

Fobdown Investment Company 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 as modified by the revaluation of certain assets.

Going concern

The directors are of the opinion that the Company can continue to meet its obligations for at least twelve months after the signing of the accounts and that the Company will continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.

Interest income is recognised on an accruals basis.

Dividend income is recognised when the right to receive payment is established.

Underlying fund charges

Certain investment funds held by the company incur ongoing charges which are deducted directly within the fund’s net asset value. These charges are not settled in cash by the company and therefore do not appear in the cash records. The economic cost of these underlying charges is reflected in the fair value movement of the investment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.

Investments

Investments are classified as financial instruments measured at fair value through profit or loss. Fair value is determined by reference to the quoted market price at the reporting date. Transaction costs are expensed as incurred. Any gains or losses arising from changes in fair value are recognised in profit or loss in the period in which they arise. Investments are derecognised on disposal when the rights to cash flows expire or substantially all the risks and rewards have been transferred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 March 2025

3,896,891

Additions

462,502

Disposals

(787,455

)

Revaluations

188,725

At 28 February 2026

3,760,663

NET BOOK VALUE

At 28 February 2026

3,760,663

At 28 February 2025

3,896,891

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other debtors

250,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

1,817,211

1,977,239

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

-

650,000