Company registration number 16085351 (England and Wales)
FLATHEAD INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
FLATHEAD INVESTMENTS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
FLATHEAD INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investments
4
641,900
Current assets
Debtors
5
30,102
Cash at bank and in hand
24,615
54,717
Creditors: amounts falling due within one year
6
(131,229)
Net current liabilities
(76,512)
Total assets less current liabilities
565,388
Creditors: amounts falling due after more than one year
7
(579,600)
Net liabilities
(14,212)
Capital and reserves
Called up share capital
102
Profit and loss reserves
(14,314)
Total equity
(14,212)

For the financial period ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 August 2026 and are signed on its behalf by:
Mr T Larder
Director
Company registration number 16085351 (England and Wales)
FLATHEAD INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Flathead Investments Limited FLATHEAD INVESTMENTS LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Regis House, 45 King William Street, London, EC4R 9AN.

1.1
Reporting period

The company was incorporated on 18 November 2024. These financial statements cover the long period from incorporation to 30 November 2025 and have no comparative period.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors have assessed the company’s ability to continue as a going concern and are satisfied that the going concern basis of preparation remains appropriate. In forming this view, the directors have considered the company’s current financial position, its cash flow forecasts, and available financing and banking facilities.true

The directors have reviewed projected trading and cash flow information for a period of at least twelve months from the date of approval of these financial statements. This assessment included an evaluation of the company’s key financial dependencies, expected revenue streams, operating cost base, and any potential risks or uncertainties that could impact future performance.

Based on this review, the directors have a reasonable expectation that the company has adequate resources to meet its liabilities as they fall due and to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

1.4
Turnover

Revenue comprises dividend income arising from the company’s investment holdings. Dividend income is recognised when the company’s entitlement to receive the dividend is established, which is generally the date on which the investee company declares the dividend and the shareholder’s right to payment becomes unconditional.

Dividend income is measured at the fair value of the consideration received or receivable and is presented net of any irrecoverable withholding taxes. No other forms of revenue are generated by the company.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

FLATHEAD INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

FLATHEAD INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
- 4 -
2
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 amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
4
Fixed asset investments
2025
£
Other investments
641,900
Movements in fixed asset investments
Investments
£
Cost or valuation
At 18 November 2024
-
Additions
641,900
At 30 November 2025
641,900
Carrying amount
At 30 November 2025
641,900
5
Debtors
2025
Amounts falling due within one year:
£
Amounts owed by group undertakings
30,000
Other debtors
102
30,102
FLATHEAD INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
£
Bank loans
96,600
Other creditors
34,629
131,229
7
Creditors: amounts falling due after more than one year
2025
£
Bank loans
579,600
Creditors which fall due after five years are payable as follows:
Payable by instalments
96,600

In January 2025, the company received a loan of £676,000. The loan accrues interest at a fixed rate of 4.5% per annum and is repayable in equal annual instalments over a seven year term. The final repayment is due in January 2032.

The loan agreement permits the company to repay the outstanding balance in full at any point after the second anniversary of the loan, without incurring any early repayment penalties.

At the reporting date, the loan is measured at amortised cost. The total amount repayable within one year is classified as a current liability, with the remaining balance presented as a non‑current liability.

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