Company registration number 03144341 (England and Wales)
FIL RESOURCES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
FIL RESOURCES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
FIL RESOURCES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
2,584,052
2,447,545
Current assets
Debtors
5
15,164
-
0
Cash at bank and in hand
23,727
26,578
38,891
26,578
Creditors: amounts falling due within one year
6
(256,923)
(436,153)
Net current liabilities
(218,032)
(409,575)
Net assets
2,366,020
2,037,970
Capital and reserves
Called up share capital
7
75
75
Capital redemption reserve
25
25
Non-distributable profits reserve
8
1,236,191
1,061,746
Distributable profit and loss reserves
1,129,729
976,124
Total equity
2,366,020
2,037,970

For the financial year ended 31 December 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 year 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 profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 August 2026 and are signed on its behalf by:
P Dolan
Director
Company registration number 03144341 (England and Wales)
FIL RESOURCES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Fil Resources Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Old Lodge Place, St Margarets, Twickenham, TW1 1RQ.

1.1
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, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable from investments. Investment income comprises dividends declared during the accounting period and interest receivable on listed and unlisted investments.

1.4
Fixed asset investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

1.5
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.

FIL RESOURCES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments
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.

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.

1.7
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.

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 year was:

2025
2024
Number
Number
Total
2
2
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
2,584,052
2,447,545
FIL RESOURCES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
2,447,545
Additions
64,037
Valuation changes
228,867
Disposals
(156,397)
At 31 December 2025
2,584,052
Carrying amount
At 31 December 2025
2,584,052
At 31 December 2024
2,447,545
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
15,164
-
0

Included within debtors is a convertible loan note of £15,164 (2024: £nil). The loan bears interest at 10% per annum and is repayable after one year unless converted into equity in accordance with the terms of the agreement.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
256,923
436,153
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
45
45
45
45
Deferred shares of £1 each
30
30
30
30
75
75
75
75
FIL RESOURCES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
8
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
1,061,746
-
Non distributable profits in the year
174,445
1,061,746
At the end of the year
1,236,191
1,061,746
2025-12-31 2025-01-01 false false false 20 August 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity P Dolan N J Dolan 03144341 2025-01-01 2025-12-31 03144341 2025-12-31 03144341 2024-12-31 03144341 core:WithinOneYear 2025-12-31 03144341 core:WithinOneYear 2024-12-31 03144341 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 03144341 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03144341 core:ShareCapital 2025-12-31 03144341 core:ShareCapital 2024-12-31 03144341 core:CapitalRedemptionReserve 2025-12-31 03144341 core:CapitalRedemptionReserve 2024-12-31 03144341 core:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 03144341 core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 03144341 core:RetainedEarningsAccumulatedLosses 2025-12-31 03144341 core:RetainedEarningsAccumulatedLosses 2024-12-31 03144341 core:ShareCapitalOrdinaryShares 2025-12-31 03144341 core:ShareCapitalOrdinaryShares 2024-12-31 03144341 bus:Director1 2025-01-01 2025-12-31 03144341 2024-01-01 2024-12-31 03144341 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 03144341 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 03144341 bus:OrdinaryShareClass1 2025-12-31 03144341 bus:OrdinaryShareClass1 2024-12-31 03144341 bus:OrdinaryShareClass2 2025-12-31 03144341 bus:OrdinaryShareClass2 2024-12-31 03144341 bus:AllOrdinaryShares 2025-12-31 03144341 bus:AllOrdinaryShares 2024-12-31 03144341 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03144341 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03144341 bus:FRS102 2025-01-01 2025-12-31 03144341 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 03144341 bus:Director2 2025-01-01 2025-12-31 03144341 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP