Interfan Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10220630 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

INTERFAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Hughes

REGISTERED OFFICE:

Oil Depot

242

London Road

Stretton on Dunsmore

CV23 9JA

REGISTERED NUMBER:

10220630 (England and Wales)

AUDITORS:

Flint & Thompson

Statutory Auditors

2 Manor Square

Solihull

West Midlands

B91 3PX

FIXED ASSETS

Tangible assets

4

2,500,000

Investment property

5

1,900,000

4,400,000

CURRENT ASSETS

Debtors

6

1,600

CREDITORS

Amounts falling due within one year

7

9,951,135

9,947,470

NET CURRENT LIABILITIES

(9,949,535

)

(9,945,870

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,549,535

)

(5,545,870

)

PROVISIONS FOR LIABILITIES

579,775

NET LIABILITIES

(6,129,310

)

(6,125,645

)

CAPITAL AND RESERVES

Called up share capital

100

Fair Value Reserve

2,471,673

Retained earnings

(8,601,083

)

(8,597,418

)

(6,129,310

)

(6,125,645

)

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 27 July 2026 and were signed on its behalf by:

P J Hughes - Director

1.	STATUTORY INFORMATION

Interfan 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.

The presentational currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis which the director considers to be appropriate. The company has group support to ensure that it meets its liabilities for a period of no less than 12 months from the approval of the financial statements.Consequently, the director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements and therefore have prepared them on a going concern basis.

Related party exemption

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revisions affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements

Key sources of estimation uncertainty

Management review and revalue property assets held within the company using similar sites in related entities and the wider industry. Estimation uncertainty arises as industry and related party data may not be representative of the true value of the property assets. The carrying amount of the property asset revaluation is £3,051,448 (2024 - £3,051,448).

Tangible fixed assets

Land is carried at it's revalued amount, being fair value at the date of valuation less impairment losses.

Investments in associates

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.

Investments in joint ventures / associates are measured at cost less impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

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.

Debtors

Trade receivables do not carry any interest receivable and are initially recognised at fair value and subsequently at amortised cost using the effective interest method.

Creditors

Trade payables do not carry any interest receivable and are initially recognised at fair value and 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.

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 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 August 2024

and 31 July 2025

2,500,000

NET BOOK VALUE

At 31 July 2025

2,500,000

At 31 July 2024

2,500,000

Cost or valuation at 31 July 2025 is represented by:

Freehold

property

£

Valuation in 2024

2,500,000

If freehold property had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

1,191,552

Freehold property was valued on an open market basis on 31 July 2024 by the director .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

and 31 July 2025

1,900,000

NET BOOK VALUE

At 31 July 2025

1,900,000

At 31 July 2024

1,900,000

Fair value at 31 July 2025 is represented by:

£

Valuation in 2025

1,900,000

If investment property had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

157,000

Investment property was valued on an open market basis on 31 July 2024 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

1,500

Other debtors

100

1,600

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

4,995

Other creditors

9,951,135

9,942,475

9,951,135

9,947,470

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Haughton FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Flint & Thompson

9.	RELATED PARTY DISCLOSURES

The Company owes £9,749,365 (2024 £9,740,480) to its ultimate parent company - Frank Solutions Limited, a company registered in the Isle of Man.

The Company owes £40,100 (2024 £40,100) to an associated company - Harworth Restoration Limited, a company registered in England and Wales.

The Company was owed £1,500 (2024 £1,500) by an associated company - Ketley Quarries and Recycling Limited, a company registered in England and Wales.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Frank Solutions Limited.

Frank Solutions Limited is based in the Isle of Man and the group financial statements can be obtained from

The Engine Room

2nd Floor

54-58 Athol Street

Douglas

IM1 1JD

Isle of Man