REGISTERED NUMBER: 08614517

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FERVERE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Morgan

S Pryor

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

08614517

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

10,118

10,980

10,118

10,980

CURRENT ASSETS

Stocks

5

67,000

71,300

Debtors

6

15,023

22,678

Cash at bank and in hand

7,861

9,261

89,884

103,239

CREDITORS

Amounts falling due within one year

7

230,932

228,575

NET CURRENT LIABILITIES

(141,048

)

(125,336

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(130,930

)

(114,356

)

CREDITORS

Amounts falling due after more than one year

8

-

4,383

NET LIABILITIES

(130,930

)

(118,739

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(130,932

)

(118,741

)

SHAREHOLDERS' FUNDS

(130,930

)

(118,739

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

P Morgan - Director

S Pryor - Director

1.	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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets - goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

Tangible fixed assets

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

Land & Property Leasehold

-

10% straight line

Plant and machinery

-

33% straight line

Fixtures and fittings

-

33% straight line

Computer equipment

-

33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 19 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

35,000

AMORTISATION

At 1 January 2025

and 31 December 2025

35,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

4.	TANGIBLE FIXED ASSETS

Land &

Fixtures

Property

Plant and

and

Computer

Leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

7,593

63,335

14,850

4,772

90,550

Additions

(148

)

1,548

2,553

216

4,169

At 31 December 2025

7,445

64,883

17,403

4,988

94,719

DEPRECIATION

At 1 January 2025

2,561

59,254

14,391

3,364

79,570

Charge for year

494

3,071

766

700

5,031

At 31 December 2025

3,055

62,325

15,157

4,064

84,601

NET BOOK VALUE

At 31 December 2025

4,390

2,558

2,246

924

10,118

At 31 December 2024

5,032

4,081

459

1,408

10,980

5.

STOCKS

2025

2024

£

£

Stocks

67,000

71,300

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

6,173

6,514

Prepayments

8,850

16,164

15,023

22,678

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,741

10,398

Trade creditors

44,779

61,179

Amounts owed to group undertakings

25,307

16,972

Social security and other taxes

11,335

5,626

VAT

17,664

16,937

Other creditors

28,758

25,534

Loans

49,488

49,488

Directors' loan accounts

39,578

39,758

Accrued expenses

4,282

2,683

230,932

228,575

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

4,383

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

35,000

35,000

Between one and five years

96,250

131,250

131,250

166,250

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

£1

2

2

11.	TRANSACTIONS WITH AND LOANS TO DIRECTORS

During the year, the directors decreased their loans to the company. As at 31 December 2025, the company owed them £39,578 (2024: £39,758). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.

13.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £141,048.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support.