Registration number: 03517159

Fionn Limited

Statement of Financial Position as at 31 July 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	1,157,000	1,101,170
Current assets
Debtors	5	322,964	330,077
Cash at bank and in hand		52,297	19,687
		375,261	349,764
Creditors: Amounts falling due within one year	6	(160,103)	(104,364)
Net current assets		215,158	245,400
Total assets less current liabilities		1,372,158	1,346,570
Provisions for liabilities		(185,804)	(171,847)
Net assets		1,186,354	1,174,723
Capital and reserves
Called up share capital		2	2
Retained earnings		1,186,352	1,174,721
Shareholders' funds		1,186,354	1,174,723

For the financial year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Fionn Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Fionn Limited

Statement of Financial Position as at 31 July 2026

Approved and authorised by the Board on 27 October 2026 and signed on its behalf by:
 

.........................................

Mr R B Saddler

Director

Company registration number: 03517159

Fionn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rectory Farm
Rectory Lane
Sevenoaks
Kent
TN13 1JA

The principal activity of the company is that of property investment.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a profit for the year ended 31 July 2026 and had net assets of £1,186,354 at that date.

The company continues to receive rental income as demanded and the directors do not believe the current economic conditions will have any significant effect on the company.

Having made enquiries the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities stated net of VAT.

The company recognises revenue evenly over the period of the leases or licenses.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Fionn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3	Staff numbers

The average number of persons employed by the company during the year was 2 (2025 - 2).

4	Investment properties

Fair value	2026 £
At 1 August 2025	1,101,170
Fair value adjustments	55,830
At 31 July 2026	1,157,000

The investment properties are stated at fair value as estimated by the directors at 31 July 2026 at an amount of £1,157,000.

Fionn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

5

Debtors

	2026 £	2025 £
Other debtors	322,964	330,077
	322,964	330,077

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Taxation and social security	-	3,771
Other creditors	160,103	100,593
	160,103	104,364

7	Profit and Loss Account

The profit and loss account includes an amount of £715,080 (2025: £673,207) which is non-distributable.