REGISTERED NUMBER: 00446324 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

F.P. GAUNT & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P R Gaunt

Mrs S A Meikle Janney

Mrs H J Share

Mr J S Gaunt

Mr S J Gaunt

SECRETARY:

Mrs N Gaunt

REGISTERED OFFICE:

Percival House Funeral Home

130 High Street

Rowley Regis

West Midlands

B65 0EE

REGISTERED NUMBER:

00446324 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

427,722

74,579

Tangible assets

5

2,045,782

1,891,514

Investments

6

16,000

16,000

Investment property

7

285,000

285,000

2,774,504

2,267,093

CURRENT ASSETS

Stocks

32,708

31,897

Debtors

8

541,405

489,695

Cash at bank and in hand

337,543

244,383

911,656

765,975

CREDITORS

Amounts falling due within one year

9

372,118

327,061

NET CURRENT ASSETS

539,538

438,914

TOTAL ASSETS LESS CURRENT LIABILITIES

3,314,042

2,706,007

CREDITORS

Amounts falling due after more than one year

10

(743,213

)

(192,096

)

PROVISIONS FOR LIABILITIES

(187,751

)

(155,032

)

NET ASSETS

2,383,078

2,358,879

CAPITAL AND RESERVES

Called up share capital

3,502

3,502

Revaluation reserve

113,279

113,279

Capital redemption reserve

498

498

Retained earnings

2,265,799

2,241,600

2,383,078

2,358,879

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 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Mr J S Gaunt - Director

1.	STATUTORY INFORMATION

F.P. Gaunt & Sons 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

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.

Going Concern

The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis appropriate in preparing the annual financial statements.

Turnover

Turnover represents invoiced sales of goods, in respect of funeral services.

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated useful life of 5 years.

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.

Computer software is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance, 10% on cost and 10% on reducing balance

No depreciation is provided on freehold land.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments

Investments held as fixed assets are stated at cost less any provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

Cost

At 1 January 2025

279,208

7,320

286,528

Additions

390,794

-

390,794

At 31 December 2025

670,002

7,320

677,322

Amortisation

At 1 January 2025

204,629

7,320

211,949

Amortisation for year

37,651

-

37,651

At 31 December 2025

242,280

7,320

249,600

Net book value

At 31 December 2025

427,722

-

427,722

At 31 December 2024

74,579

-

74,579

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 January 2025

966,870

342,595

167,231

1,325,941

2,802,637

Additions

180,000

30,790

-

106,543

317,333

At 31 December 2025

1,146,870

373,385

167,231

1,432,484

3,119,970

Depreciation

At 1 January 2025

252,912

273,879

126,001

258,331

911,123

Charge for year

15,673

12,922

6,730

127,740

163,065

At 31 December 2025

268,585

286,801

132,731

386,071

1,074,188

Net book value

At 31 December 2025

878,285

86,584

34,500

1,046,413

2,045,782

At 31 December 2024

713,958

68,716

41,230

1,067,610

1,891,514

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Investment in subsidiary

undertaking

16,000

16,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

STEPHEN M GODBER FUNERALS LIMITED

Registered office: Percival House Funeral Home, 130 High Street, Rowley Regis, West Midlands, England, B65 0EE

Nature of business: Funeral and related activities

%

Class of shares:

holding

Ordinary

100.00

7.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 January 2025

and 31 December 2025

285,000

Net book value

At 31 December 2025

285,000

At 31 December 2024

285,000

The 2025 valuations were made by the directors, on an open market value for existing use basis. The original cost of the investment property was £158,034.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

463,963

430,430

Other debtors

77,442

59,265

541,405

489,695

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,164

-

Hire purchase contracts (see note 11)

27,541

18,412

Trade creditors

197,746

127,884

Taxation and social security

58,430

44,127

Other creditors

71,237

136,638

372,118

327,061

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

384,561

-

Hire purchase contracts (see note 11)

220,652

192,096

Other creditors

138,000

-

743,213

192,096

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

303,662

-

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

27,541

18,412

Between one and five years

220,652

192,096

248,193

210,508

Non-cancellable

operating leases

2025

2024

£

£

Within one year

25,978

6,354

Between one and five years

12,926

2,244

38,904

8,598

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

401,725

-

Hire purchase contracts

248,193

210,508

649,918

210,508

Hire purchase creditors are secured against the asset to which they relate.

The bank loans are secured via a fixed and floating charge over the undertakings and assets of the company.

13.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Amounts payable at the year end were £2,613 (2024: Nil).

14.	RELATED PARTY DISCLOSURES

The company made a loan to Trimpley Properties Limited of £46,769 (2024: £50,769). There is no fixed repayment date and no interest is charged on the loan. Trimpley Properties Limited is a company 50% owned by one of the directors of F.P. Gaunt & Sons Limited.

Included within creditors is a director's loan of £174,000. The loan is unsecured, interest free and is repayable over 60 monthly instalments. At the balance sheet date £36,000 is repayable within one year and £138,000 after more than one year.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H J Share.