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Registered number: 10730560
THE FELPHAM TAP LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
Prepared By:
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
HA5 3DW
THE FELPHAM TAP LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
DIRECTORS
MS Lane
G Gainey
REGISTERED OFFICE
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10730560
PLACE OF BUSINESS
The Thatched House, 8 Limmer Lane, Felpham, PO22 7EJ
ACCOUNTANTS
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
HA5 3DW
THE FELPHAM TAP LIMITED
ACCOUNTS
FOR THEYEARENDED31 MARCH 2026
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
THE FELPHAM TAP LIMITED
BALANCE SHEET AT31 March 2026
Registered number: 10730560
20262025
Notes££
FIXED ASSETS
Tangible assets2531,132533,176
CURRENT ASSETS
Debtors4900900
Current Asset Investments557,47557,475
Cash at bank and in hand14,21760,523
72,592118,898
CREDITORS: Amounts falling due within one year623,98039,520
NET CURRENT ASSETS48,61279,378
TOTAL ASSETS LESS CURRENT LIABILITIES579,744612,554
CREDITORS: Amounts falling due after more than one year7630,000690,000
PROVISIONS FOR LIABILITIES AND CHARGES916,77516,775
NET LIABILITIES(67,031)(94,221)
CAPITAL AND RESERVES
Called up share capital101,0001,000
Revaluation reserve1f,1167,09867,098
Profit and loss account(135,129)(162,319)
SHAREHOLDERS' FUNDS(67,031)(94,221)
For the year ending 31 March 2026 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on28 July 2026and signed on their behalf by
.............................
MS Lane
Director
THE FELPHAM TAP LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company had negative net assets at the period end and is reliant on the financial support of the directors. These financial statements have been prepared on the going concern basis on the assumpption that the support of the directors will continue for the foreseeable future.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1d. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1e. Government Grants
Government grants are recognised in profit and loss in the period for which they are receivable.
1f. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
THE FELPHAM TAP LIMITED
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 1 April 202556,60956,609
At 31 March 202656,60956,609
Depreciation
At 1 April 202548,43348,433
For the year2,0442,044
At 31 March 202650,47750,477
Net Book Amounts
At 31 March 20266,1326,132
At 31 March 20258,1768,176
The directors consider that the market value of investment property at 31 March 2025 is £525,000.
The original cost of investment property was £457,902.
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 April 2025525,000525,000
At 31 March 2026525,000525,000
4. DEBTORS 20262025
££
Amounts falling due within one year
Other debtors900900
900900
THE FELPHAM TAP LIMITED
5. CURRENT ASSET INVESTMENTS
20262025
££
Other investments57,47557,475
57,47557,475
Current asset investments are stated at cost.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20262025
££
UK corporation tax6,9875,508
VAT2,1062,022
Other creditors13,59230,740
Accruals1,2951,250
23,98039,520
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20262025
££
Director's loans630,000690,000
630,000690,000
8. EMPLOYEES
20262025
No.No.
Average number of employees (including directors}22
THE FELPHAM TAP LIMITED
9. PROVISIONS FOR LIABILITIES 20262025
££
Deferred taxation16,77516,775
16,77516,775
10. SHARE CAPITAL 20262025
££
Allotted, issued and fully paid:
100 Ordinary shares of £10 each1,0001,000
1,0001,000
Called-up share capital unpaid at the end of the period was £900.
11. REVALUATION RESERVE 20262025
££
Revaluation reserve67,09867,098
67,09867,098
12. CONTROLLING PARTY
The company is controlled by MS Lane and G Gainey by virtue of their equal shareholdings.
13. RELATED PARTY TRANSACTIONS
Creditors falling due after one year includes loans from the directors of £630,000 (2025: £690,000). The company pays interest on these loans at the rate of 0% (2025: 0% ) per annum.