REGISTERED NUMBER: 03664260 (England and Wales)

FENGARI LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

A A Houstoun-Boswall

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

03664260 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

4

950

1,900

Investment property

5

91,676

88,940

92,626

90,840

CURRENT ASSETS

Debtors

6

59

19,089

Cash at bank

2,446

1,308

2,505

20,397

CREDITORS

Amounts falling due within one year

7

(33,572

)

(35,438

)

NET CURRENT LIABILITIES

(31,067

)

(15,041

)

TOTAL ASSETS LESS CURRENT LIABILITIES

61,559

75,799

CREDITORS

Amounts falling due after more than one year

8

(835,665

)

(808,345

)

PROVISIONS FOR LIABILITIES

9

(13,279

)

(12,595

)

NET LIABILITIES

(787,385

)

(745,141

)

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

10

39,837

37,785

Retained earnings

(827,224

)

(782,928

)

(787,385

)

(745,141

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2026 and were signed by:

A A Houstoun-Boswall - Director

1.	STATUTORY INFORMATION

Fengari 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on a going concern basis as the director will continue to support the company to ensure third party liabilities are settled as they fall due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Fixed asset investment

Fixed asset investments are initially recognised at cost. The investments are reviewed for impairment annually and a provision is made where there has been a diminution in value.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation and are accounted for in accordance with FRS 102 Section 16 "Investment Property." Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value.

Gain and losses arising from changes in the fair value of investment properties are included in the income statement in the period which they arise. Any gains are subsequently transferred to a non-distributable reserve. Any losses are only transferred to the non-distributable reserve as far as they can be matched against previous net unrealised gains.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. All financial assets and liabilities are initially measured at transaction price (including transaction cost). The company has no financial assets measured at fair value through profit or loss. All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date where material. Transactions in foreign currencies are translated into sterling at the average rate of excacademic the acedemic term that the transaction occurs in. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

3,799

DEPRECIATION

At 1 January 2025

1,899

Charge for year

950

At 31 December 2025

2,849

NET BOOK VALUE

At 31 December 2025

950

At 31 December 2024

1,900

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

88,940

Change in fair value

2,736

At 31 December 2025

91,676

NET BOOK VALUE

At 31 December 2025

91,676

At 31 December 2024

88,940

The director has valued the property as at 31 December 2025 at €105,000 (2024: €105,000). The rate of exchange used for the conversion was 1.1453 (2024: 1.1806).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,756

Other debtors

59

17,333

59

19,089

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,555

5,636

Trade creditors

1,450

2,605

Taxation and social security

2,250

1,830

Other creditors

9,317

25,367

33,572

35,438

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,445

26,864

Other creditors

831,220

781,481

835,665

808,345

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

13,279

12,595

Deferred tax

£

Balance at 1 January 2025

12,595

Provided during year

684

Balance at 31 December 2025

13,279

The deferred tax provision of £13,279 (2024: £12,595) relates to the difference between the carrying amount of the investment property and its fair value.

The deferred tax liability has been recognised at the main Corporation tax rate of 25%.

10.

RESERVES

Non - distributable reserves

£

Balance at 1 January 2025

37,785

Transfer from profit and loss reserve

2,052

At 31 December 2025

39,837

The non-distributable reserve represents net unrealised gains on fair value adjustments arising on investment properties which have previously been taken to the income statement in the period they arose. The carrying value is after a provision has been made for deferred tax where relevant.

11.	RELATED PARTY DISCLOSURES

Within debtors amounts falling due within one year the company had an outstanding debt due from an entity which is under common control of £nil (2024: £17,333).

Within creditors amounts falling due within one year the company had an outstanding loan due to an entity which is under common control of £1,722 (2024: £18,612).

Within creditors amounts falling due after more than one year is an interest free loan of £831,220 (2024: £781,481) due to the director.

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 Fengari Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, Balance Sheet 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 director of Fengari Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fengari Limited and state those matters that we have agreed to state to the director of Fengari Limited 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 Fengari Limited and its director for our work or for this report.

It is your duty to ensure that Fengari 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 Fengari Limited. You consider that Fengari 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 Fengari 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

17 September 2026