REGISTERED NUMBER: 02837846 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2026

for

Fenstone Minerals Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

I W Fenwick

P A Fenwick

SECRETARY:

P A Fenwick

REGISTERED OFFICE:

Greenwick Quarry

Huggate

East Yorkshire

YO42 1YR

REGISTERED NUMBER:

02837846 (England and Wales)

ACCOUNTANTS:

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Santander UK Plc

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Intangible assets

4

32,000

34,000

Tangible assets

5

3,976,929

3,731,152

4,008,929

3,765,152

CURRENT ASSETS

Stocks

162,188

44,782

Debtors

821,190

1,025,458

Cash at bank

130,705

83,128

1,114,083

1,153,368

CREDITORS

Amounts falling due within one year

1,300,481

1,240,669

NET CURRENT LIABILITIES

(186,398

)

(87,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,822,531

3,677,851

CREDITORS

Amounts falling due after more than one year

6

(1,388,021

)

(1,162,413

)

PROVISIONS FOR LIABILITIES

(516,707

)

(514,394

)

NET ASSETS

1,917,803

2,001,044

CAPITAL AND RESERVES

Called up share capital

9

104

104

Revaluation reserve

10

348,017

348,017

Retained earnings

1,569,682

1,652,923

SHAREHOLDERS' FUNDS

1,917,803

2,001,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st May 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2026 and were signed on its behalf by:

I W Fenwick - Director

1.	STATUTORY INFORMATION

Fenstone Minerals 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

This is the first period in which the company's financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Lease premium is being amortised evenly over the term of the lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

5% on cost

Plant and machinery etc

-

20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2025 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2025

and 31st May 2026

42,000

AMORTISATION

At 1st June 2025

8,000

Amortisation for year

2,000

At 31st May 2026

10,000

NET BOOK VALUE

At 31st May 2026

32,000

At 31st May 2025

34,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st June 2025

5,461,791

Additions

1,142,787

Disposals

(815,496

)

At 31st May 2026

5,789,082

DEPRECIATION

At 1st June 2025

1,730,639

Charge for year

494,830

Eliminated on disposal

(413,316

)

At 31st May 2026

1,812,153

NET BOOK VALUE

At 31st May 2026

3,976,929

At 31st May 2025

3,731,152

Cost or valuation at 31st May 2026 is represented by:

Totals

£

Valuation in 2001

372,000

Valuation in 2013

8,000

Cost

5,409,082

5,789,082

The revaluation of freehold property by Pinders Professional and Consultancy Services Ltd was carried out on 8th February 2013 in accordance with the RICS appraisal and valuation manual. The director believes this is a true and fair valuation of the freehold property.

The net book value of tangible fixed assets includes £ 2,874,887 (2025 - £ 2,657,190 ) in respect of assets held under hire purchase contracts.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2026

2025

£

£

Repayable by instalments

Hire purchase

-

25,946

7.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

24,353

32,145

Amounts falling due between one and two years:

Bank loans - 1-5 years

-

26,225

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

24,353

58,370

The bank loan is secured by way of a debenture creating a first legal charge over the land.

Hire purchases are secured against the relevant asset.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

85

Ordinary

£1

85

85

10

Ordinary B

£1

10

10

5

Ordinary C

£1

5

5

4

Ordinary D

£1

4

4

104

104

10.

RESERVES

Revaluation

reserve

£

At 1st June 2025

and 31st May 2026

348,017

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fenstone Minerals Limited for the year ended 31st May 2026 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fenstone Minerals Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fenstone Minerals Limited and state those matters that we have agreed to state to the Board of Directors of Fenstone Minerals Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fenstone Minerals Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fenstone Minerals Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fenstone Minerals Limited. You consider that Fenstone Minerals Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fenstone Minerals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

10th August 2026