1.
General Information
FNX100 Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
16075419
. The registered office is 15 Woods End 135a Barlow Moor Road, Didsbury, Manchester, M20 2PW.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the period was: 1
FNX100 Ltd
Notes to the Financial Statements (continued)
For the Period 12 November 2024 to 30 November 2025
4.
Investment Property
| 30 November 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 12 November 2024 |
|
| Additions |
|
| As at 30 November 2025 |
|
5.
Debtors
| 30 November 2025 | |
|---|---|
| £ | |
| Due within one year | |
| Other debtors | 1,329 |
6.
Creditors: Amounts Falling Due Within One Year
| 30 November 2025 | |
|---|---|
| £ | |
| Other creditors | 1,253 |
| Taxation and social security |
|
|
|
|
7.
Creditors: Amounts Falling Due After More Than One Year
| 30 November 2025 | |
|---|---|
| £ | |
| Other loans |
|
| Amounts owed to participating interests |
|
|
|
|
8.
Secured Creditors
The following creditors are secured by a fixed legal charge over the company's investment property.
| 30 November 2025 | |
|---|---|
| £ | |
| Bank loans and overdrafts | 90,906 |
FNX100 Ltd
Notes to the Financial Statements (continued)
For the Period 12 November 2024 to 30 November 2025
10.
Related Party Transactions
|
2025
|
|
|
£
|
|
|
Wellbeing HoldCo Limited
|
111,300
|
|
Daintree Wealth Management Limited
|
500
|
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
|
111,800
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
During the year, FNX100 Ltd received loans from Wellbeing HoldCo Limited and Daintree Wealth Management Limited, companies under common control by virtue of shared directorship and shareholding; these loans are interest free and and repayable on demand. Transactions during the year totalled £111,800. At the balance sheet date, £111,300 was owed to Wellbeing HoldCo Limited and £500 to Daintree Wealth Management Limited, included within Amounts owed to related entities.