Fellows Homes Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07041321

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		449,572		452,374

			449,572		452,374
CURRENT ASSETS
Stocks	5	2,600,000		5,125,000
Debtors	6	1,092,949		32,787
Cash at bank and in hand		952,647		482,498

		4,645,596		5,640,285
Creditors: Amounts Falling Due Within One Year	7	(1,233,548 )		(2,819,333 )

NET CURRENT ASSETS (LIABILITIES)			3,412,048		2,820,952

TOTAL ASSETS LESS CURRENT LIABILITIES			3,861,620		3,273,326

Creditors: Amounts Falling Due After More Than One Year	8		(1,133 )		(15,887 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(674 )		(602 )

NET ASSETS			3,859,813		3,256,837

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			3,858,813		3,255,837

SHAREHOLDERS' FUNDS			3,859,813		3,256,837

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Fellows Homes Limited

Balance Sheet (continued)

As At 31 December 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Fellows

Director

14/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Fellows Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07041321 . The registered office is Unit 6 Swansey Mill Mill Lane, Whittle-Le-Woods, Chorley, PR6 7HX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0.5% straight line
Leasehold	0.5% straight line
Fixtures & Fittings	15% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

Deferred tax is recognised on 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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.

...CONTINUED

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Fellows Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	86,500	379,000	27,237	492,737

As at 31 December 2025	86,500	379,000	27,237	492,737

Depreciation
As at 1 January 2025	3,031	13,265	24,067	40,363
Provided during the period	432	1,895	475	2,802

As at 31 December 2025	3,463	15,160	24,542	43,165

Net Book Value
As at 31 December 2025	83,037	363,840	2,695	449,572

As at 1 January 2025	83,469	365,735	3,170	452,374

5. Stocks

	2025	2024
	£	£
Work in progress	2,600,000	5,125,000

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by participating interests	1,079,819	12,330
Other debtors	13,130	20,457

	1,092,949	32,787

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Fellows Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,023,350	2,222,413
Amounts owed to participating interests	-	450,265
Other creditors	8,248	23,249
Taxation and social security	201,950	123,406

	1,233,548	2,819,333

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	1,133	15,887

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Related Party Transactions

During the year the company entered into the following transactions with related parties:

MJ Fellows (Building Contractors) Ltd

Transaction type - Services

Transaction value: £NIL

Balance at year end: £NIL (2024: £NIL)

MJ Fellows (Building Contractors) Ltd

Transaction type - Loan account

Transaction value: £1,514,924 Dr

Balance at year end: £1,064,659 Dr (2024: £450,265 Cr)

Blackledge Park Management Company Ltd

Transaction type - Loan account

Transaction value:£ 2,830 Dr

Balance at year end: £15,160 Dr (2024: £12,330 Dr)

11. Ultimate Controlling Party

The directors controlled the company's issued share capital throughout the whole of the year.

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