Company No: 13902782 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	4	20,000		40,000
Tangible assets	5	16,824		16,246
		36,824		56,246
Current assets
Debtors	6	315,571		47,684
Cash at bank and in hand		731,114		664,790
		1,046,685		712,474
Creditors: amounts falling due within one year	7	( 135,322)		35,906
Net current assets		911,363		748,380
Total assets less current liabilities		948,187		804,626
Net assets		948,187		804,626
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		948,186		804,625
Total shareholder's funds		948,187		804,626

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Frensham & Newport Ltd (registered number: 13902782) were approved and authorised for issue by the Director. They were signed on its behalf by:

Michaela Ayisha Elbreta Yearwood-Dan Director

17 August 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Frensham & Newport Ltd (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 35 Ballards Lane, London, N3 1XW, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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 Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	3		2

3. Dividends on equity shares

	2026		2025
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 28 February 2026 of £305,000 (2025: £250,000) per ordinary share	305,000		250,000

4. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 March 2025	100,000		100,000
At 28 February 2026	100,000		100,000
Accumulated amortisation
At 01 March 2025	60,000		60,000
Charge for the financial year	20,000		20,000
At 28 February 2026	80,000		80,000
Net book value
At 28 February 2026	20,000		20,000
At 28 February 2025	40,000		40,000

5. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 March 2025	28,403		28,403
Additions	9,225		9,225
At 28 February 2026	37,628		37,628
Accumulated depreciation
At 01 March 2025	12,157		12,157
Charge for the financial year	8,647		8,647
At 28 February 2026	20,804		20,804
Net book value
At 28 February 2026	16,824		16,824
At 28 February 2025	16,246		16,246

6. Debtors

	2026		2025
	£		£
Other debtors	315,571		47,684

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	0		2,536
Taxation and social security	130,687		116,782
Other creditors	4,635		( 155,224)
	135,322		( 35,906)

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

9. Related party transactions

Transactions with the entity's director

	2026		2025
	£		£
Amounts owed by company directors	301,197		159,151

The balance owed by the directors was repaid post year-end