Registration number: 11778870

Fastnet House Management Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Fastnet House Management Ltd

Company Information

Directors

Sarah-Jayne Head Alex Head

Registered office

79-81 Boslowick Road Falmouth Cornwall TR11 4QD

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Cornwall TR11 4QD

Fastnet House Management Ltd

(Registration number: 11778870)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	10,988	16,759
Current assets
Debtors	5	27,080	22,972
Cash at bank and in hand		8,339	11,519
		35,419	34,491
Creditors: Amounts falling due within one year	6	(22,825)	(18,269)
Net current assets		12,594	16,222
Total assets less current liabilities		23,582	32,981
Provisions for liabilities		(2,255)	(2,866)
Net assets		21,327	30,115
Capital and reserves
Called up share capital	7	100	100
Retained earnings		21,227	30,015
Shareholders' funds		21,327	30,115

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 September 2026 and signed on its behalf by:
 

......................................... Sarah-Jayne Head Director

Fastnet House Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Fastnet House Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised on all 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. 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold Improvements	5 years straight line
Motor Vehicles	20% reducing balance
Fixtures & Fittings	4 - 5 years straight line

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 2).

Fastnet House Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	35,284	18,431	12,500	66,215
At 31 December 2025	35,284	18,431	12,500	66,215
Depreciation
At 1 January 2025	29,989	15,133	4,333	49,455
Charge for the year	2,556	1,582	1,634	5,772
At 31 December 2025	32,545	16,715	5,967	55,227
Carrying amount
At 31 December 2025	2,739	1,716	6,533	10,988
At 31 December 2024	5,295	3,298	8,166	16,759

Included within the net book value of land and buildings above is £2,739 (2024 - £5,295) in respect of long leasehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	6,988	9,998
Prepayments	4,883	4,835
Other debtors	15,209	8,139
	27,080	22,972

Fastnet House Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		1,002	380
Amounts owed to group undertakings and undertakings in which the company has a participating interest		118	-
Taxation and social security		5,713	10,575
Accruals and deferred income		9,740	1,750
Other creditors		6,252	5,564
		22,825	18,269

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100