REGISTERED NUMBER: 06523683 (England and Wales)

FFMA (TRADING) LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Sir R M De Haan

Ms L Oellermann

M Jones

REGISTERED OFFICE:

Marlowe Innovation Centre

Marlowe Way

Ramsgate

Kent

CT12 6FA

REGISTERED NUMBER:

06523683 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the operation of the Marlowe Innovation Centre, a business centre with offices and light industrial workspaces that offers accommodation and support to small and start-up innovative business tenants.

The Marlowe Innovation Centre has a board room and a meeting room which are let for meetings, training events and conferences, and a hot-desk area for use on a daily basis. The Marlowe Innovation Centre also provides virtual tenancies where small businesses can have a dedicated phone number and address at the centre, with the optional add-ons such as messaging and call and post forwarding. Back office services can be provided, which include booking appointments for tenants' clients, franking and managing mail-outs and receiving payments.

The Marlowe Innovation Centre was established to support the regeneration of East Kent by offering a supporting environment for small businesses and job creation. FFMA (Trading) Limited is a trading arm of the Friends of Folkestone Academy Limited, a registered charity and the parent Company. All surplus funds are donated to the charity to help it meet its objectives.

As an integral part of its aims for regeneration, the Marlowe Innovation Centre has an educational mission. It welcomes young people from local schools on visits and for mentoring and work experience and has had a transformative influence on some young people's lives.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

Sir R M De Haan

Ms L Oellermann

Other changes in directors holding office are as follows:

M Jones was appointed as a director after 31 January 2026 but prior to the date of this report.

S Pullen ceased to be a director after 31 January 2026 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Sir R M De Haan - Director

1 October 2026

TURNOVER

338,696

314,038

Administrative expenses

(287,167

)

(268,136

)

51,529

45,902

Other operating income

-

22,285

OPERATING PROFIT

51,529

68,187

Interest receivable and similar income

837

1,184

PROFIT BEFORE TAXATION

52,366

69,371

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

52,366

69,371

Retained earnings at beginning of year

34,136

30,753

Donation to parent charity

(52,206

)

(65,988

)

RETAINED EARNINGS AT END OF YEAR

34,296

34,136

FIXED ASSETS

Tangible assets

4

22,971

20,036

CURRENT ASSETS

Debtors

5

27,390

26,000

Cash at bank and in hand

56,101

56,387

83,491

82,387

CREDITORS

Amounts falling due within one year

6

(72,165

)

(68,286

)

NET CURRENT ASSETS

11,326

14,101

TOTAL ASSETS LESS CURRENT LIABILITIES

34,297

34,137

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

34,296

34,136

34,297

34,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2026 and were signed on its behalf by:

Sir R M De Haan - Director

1.	STATUTORY INFORMATION

FFMA (Trading) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixture & Fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

The Company donates all profits over to its parent undertaking, Friends of Folkestone Academy Ltd, which is a registered Charity. Therefore no liability arises to Corporation Tax on the Company's results.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Fixture &

Computer

property

machinery

Fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

17,094

20,366

4,524

55,116

97,100

Additions

-

9,819

-

-

9,819

At 31 January 2026

17,094

30,185

4,524

55,116

106,919

DEPRECIATION

At 1 February 2025

17,094

3,007

2,451

54,512

77,064

Charge for year

-

5,772

508

604

6,884

At 31 January 2026

17,094

8,779

2,959

55,116

83,948

NET BOOK VALUE

At 31 January 2026

-

21,406

1,565

-

22,971

At 31 January 2025

-

17,359

2,073

604

20,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

21,431

21,450

Other debtors

5,959

4,550

27,390

26,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

286

1,154

Taxation and social security

11,758

10,868

Other creditors

60,121

56,264

72,165

68,286

7.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

74,880

74,880

Between one and five years

368,160

-

443,040

74,880

8.	RELATED PARTY DISCLOSURES

Friends of Folkestone Academy Ltd

The parent and ultimate controlling party.

During the year the company may participate in transactions with Friends of Folkestone Academy Ltd as part of it normal course of business. The Company has taken advantage of exemptions available under FRS 102 1A in preparing these financial statements. During the year, the Company distributed £52,206 (2025 £65,988) donations to its charitable parent.

9.	ULTIMATE CONTROLLING PARTY

The Company's parent undertaking and ultimate controlling party is Friends of Folkestone Academy Ltd, which has it registered office at Marlowe Innovation Centre, Marlowe Way, Ramsgate, Kent CT12 6FA.