General Information
The Fountain Cleobury Ltd is a private company, limited by shares, registered in England and Wales, registration number 14104002, registration address Marlbrook Farm, Newnham Bridge, Tenbury Wells, WR15 8NZ. The trading address of the company is The Fountain Cleobury Limited , 13 Church Street , Cleobury Mortimer , Worcestershire , DY14 8BS.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Preparation of consolidated financial statements
The financial statements contain information about The Fountain Cleobury Ltd as an individual company and do not contain consolidated financial information of the parent of a group. The company is exempt under Section 399 (2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Furniture and fittings |
20% Reducing Balance |
| Plant and machinery |
20% Reducing Balance
|
| 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees and directors
Average number of employees during the year was 17 (2025 : 13).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Furniture and fittings |
|
Plant and machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2025 |
369,986 |
|
24,895 |
|
4,260 |
|
581 |
|
399,722 |
| Additions |
- |
|
4,697 |
|
4,385 |
|
- |
|
9,082 |
| Disposals |
- |
|
(6,119) |
|
- |
|
- |
|
(6,119) |
| At 31 March 2026 |
369,986 |
|
23,473 |
|
8,645 |
|
581 |
|
402,685 |
| Depreciation |
| At 01 April 2025 |
- |
|
9,964 |
|
2,079 |
|
327 |
|
12,370 |
| Charge for year |
- |
|
3,174 |
|
1,313 |
|
194 |
|
4,681 |
| On disposals |
- |
|
(2,362) |
|
- |
|
- |
|
(2,362) |
| At 31 March 2026 |
- |
|
10,776 |
|
3,392 |
|
521 |
|
14,689 |
| Net book values |
| Closing balance as at 31 March 2026 |
369,986 |
|
12,697 |
|
5,253 |
|
60 |
|
387,996 |
| Opening balance as at 01 April 2025 |
369,986 |
|
14,931 |
|
2,181 |
|
254 |
|
387,352 |
|
| 4. |
Stocks
|
2026
£ |
|
2025
£ |
| Stocks |
5,991 |
|
4,962 |
|
5,991 |
|
4,962 |
|
| 5. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Prepayments & Accrued Income |
1,643 |
|
1,724 |
| Other Debtors |
35 |
|
35 |
|
1,678 |
|
1,759 |
|
| 6. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
14,271 |
|
18,571 |
| Amounts Owed to Group Undertakings |
413,253 |
|
413,306 |
| Corporation Tax |
11,945 |
|
2,330 |
| PAYE & Social Security |
335 |
|
502 |
| Accrued Expenses |
10,843 |
|
5,393 |
| Directors' Current Accounts |
198 |
|
198 |
| VAT |
9,308 |
|
8,156 |
|
460,153 |
|
448,456 |
|
| 7. |
Provisions for liabilities
|
2026
£ |
|
2025
£ |
| Deferred Tax |
4,320 |
|
3,251 |
|
4,320 |
|
3,251 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
100
Ordinary shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
| 9. |
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.
|
| 10. |
Related Party Disclosures
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
|
| 11. |
Controlling Parties
The company's immediate parent undertaking is Foley Park Motors Limited . The ultimate parent undertaking is Foley Park Motors Limited (incorporated in England & wales). Its registered office is Marlbrook, Newnham Bridge, Tenbury Wells, Worcestershire, WR15 8NZ. The company's ultimate controlling party is Mr M Pocknell by virtue of their interest in the share capital of the company.
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3
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