| Fabrik Trustees Limited |
| Registered number: |
14449383 |
| Balance Sheet |
| as at 31 January 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,809,000 |
|
|
1,809,000 |
|
| Current assets |
| Debtors |
4 |
|
160,000 |
|
|
48,000 |
|
| Creditors: amounts falling due within one year |
5 |
|
(412,500) |
|
|
(568,000) |
|
| Net current liabilities |
|
|
|
(252,500) |
|
|
(520,000) |
|
| Total assets less current liabilities |
|
|
|
1,556,500 |
|
|
1,289,000 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(461,802) |
|
|
(799,802) |
|
|
|
| Net assets |
|
|
|
1,094,698 |
|
|
489,198 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
1,094,698 |
|
|
489,198 |
|
| Shareholder's funds |
|
|
|
1,094,698 |
|
|
489,198 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr. A. Smith |
| Director |
| Approved by the board on 21 September 2026 |
|
| Fabrik Trustees Limited |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Exemption from preparing consolidated financial statements |
|
The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 February 2025 |
1,809,000 |
|
|
At 31 January 2026 |
1,809,000 |
|
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
160,000 |
|
48,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
160,000 |
|
300,500 |
|
Loan |
252,500 |
|
267,500 |
|
|
|
|
|
|
412,500 |
|
568,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Loan |
461,802 |
|
799,802 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
The company fully owns it's subsidiary, Fabrik Holdings Limited. That company in turn fully owns it's subsidiary, Fabrik Limited. FRS102 does not require disclosure of transactions entered into between one or more members of a group, provided all parties are wholly-owned. Mr. J. Rath sold his shareholding in Fabrik Holdings Limited to Fabrik Trustees Limited under an Employee Benefit Trust arrangement on 31 October 2022. As part of that arrangement Mr. Rath agreed for certain sale proceeds to be paid out of future group profits. At year end the company owed Mr. Rath £714,302 ( 2025 £1,067,302). Whilst Mr. Rath is entitled to charge interest on this loan under the terms of the share purchase agreement he has agreed not to charge any interest on balances owed up to 31 January 2026. |
|
|
| 8 |
Controlling party |
|
|
The company is ultimately controlled by the Fabrik Employers Ownership Trust, a trust set up for the benefit of the Fabrik Limited employees. |
|
|
| 9 |
Other information |
|
|
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. The Registered Office is located at: |
|
Lenten House |
|
16 Lenten Street |
|
Alton |
|
Hampshire |
|
GU34 1HG |