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Company Registration No. 11145283 (England and Wales)
FAITH IN STRANGERS LTD
Financial Statements
for the Period from 01 February 2025 to 31 January 2026

FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Company Information

Company Details
Company Number 11145283
Registered Office FAITH IN STRANGERS 17 ETHELBERT CRESCENT
MARGATE
CT9 2DY
Directors
Directors who held office during the period were:
Jeremy DUFFY   
Richard RANDLES   
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Statement of Financial Position

12345678910
Notes 2026 2025
£ £
Fixed Assets
Tangible assets 5 330,095 363,673
Current Assets
Debtors due 6 17,091 5,705
Cash at bank and in hand 10,407 14,219
27,498 19,924
Creditors
Amount falling due within one year 7 (388,529) (336,315)
Net Current Assets (361,031) (316,391)
Total Assets less current liabilities (30,936) 47,282
Creditors due after more than one year 8 (51,839) (67,600)
Net Assets (82,775) (20,318)
Capital and Reserves
Called up Share Capital 1 1
Share Premium Account 49,999 49,999
Retained earnings at end of year (132,775) (70,318)
Shareholder funds (82,775) (20,318)
For the year ending 31/01/2026 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 28 October 2026
J Duffy
Company Registration No. 11145283
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

1. Statutory Information
FAITH IN STRANGERS LTD is a private company, limited by shares, registered in England and Wales, registration number 11145283.
2. Accounting Policies
Basis of preparing the Financial Statements
Faith in Strangers Ltd is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and registered in England and Wales. The registered office is 17 Ethelbert Crescent, Margate, England, CT9 2DY, United Kingdom. The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006 applicable to companies subject to the small companies regime. The financial statements are presented in sterling, rounded to the nearest £.Going concern: The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.Financial instruments: The company only has basic financial instruments (Section 11 FRS 102): cash, trade and other debtors, trade and other creditors, and loans, measured at amortised cost.Leases: Rentals under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable, net of VAT and discounts. Income from the sale of goods (food, beverage and merchandise) is recognised when the goods are provided. Income from ticket sales, venue hire and memberships is recognised in the period to which the event, hire or membership relates; amounts received or invoiced before the balance sheet date for events falling after it are carried as deferred income within creditors. Ticket money collected for events promoted by others is collected as their agent: it is not turnover, and it is carried as a liability until paid over. Rent receivable is recognised over the period of each tenancy. Service charges and gratuities collected on behalf of staff are not recognised as turnover; they are carried as a liability until paid over.
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

Current Tax
Current tax is recognised at the amount expected to be paid, using rates enacted or substantively enacted at 31 January 2026.
Tangible Fixed Asset Policy
Tangible fixed assets are stated at cost less accumulated depreciation and any impairment. Depreciation is provided on a straight-line basis over the estimated useful lives:Land and buildings: straight line to the end of the lease in September 2038 (until this year, 20 years)Plant and machinery etc.: 4 to 7 years straight lineImpairment: At each reporting date non-financial assets are reviewed for indicators of impairment; any impairment loss is recognised in profit or loss.
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

Deferred Tax
Deferred tax is recognised on timing differences at the reporting date: liabilities in full, and assets only to the extent that it is probable they will be recovered.
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2026 10
2025 6
4. Principal Activity
The principal activity of the company is running a music and events venue with a bar, restaurant and co-working space.
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

5. Fixed Assets
Land and buildings Plant and Machinery Total
Cost or valuation £ £ £
At 01/02/2025 374,650 194,084 568,734
Additions - 13,304 13,304
Disposals - (2,653) (2,653)
At 31/01/2026 374,650 204,735 579,385
Depreciation
At 01/02/2025 93,009 112,052 205,061
Charge for the year 20,709 26,093 46,802
Disposals - (2,573) (2,573)
At 31/01/2026 113,718 135,572 249,290
Net Book Value
At 31/01/2026 260,932 69,163 330,095
At 31/01/2025 281,641 82,032 363,673
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

6. Debtors
2026 2025
£ £
Trade debtors 5,812 4,916
Other debtors 11,279 789
17,091 5,705
7. Creditors: amount falling due within one year
2026 2025
£ £
Bank Loans and other overdrafts 6,762 6,430
Trade Creditors 74,734 61,574
Other tax and social security 35,468 10,778
Other Creditors 271,565 257,533
388,529 336,315
Creditors Due within one year
Other creditors include the following related party balances. At the year end, the company owed £29,496 (2025: £32,297) to a company controlled by one of the directors, in respect of an interest free loan, which is repayable on demand. At the year end, the company owed £68,640 (2025: £79,329) to the directors in respect of interest free loans, which are repayable on demand. At the year end, the company owed £80,323 (2025: £80,323) to a shareholder of the company in respect of an interest free loan, which is repayable on demand.
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

8. Creditors: amount falling due after one year
2026 2025
£ £
Bank Loans and overdrafts 24,415 31,346
Other creditors falling due after more than one year 27,424 36,254
51,839 67,600
Creditors Due after one year
Comparative figures: the 2025 figures have been re-presented to show £8,831 of the Kent County Council loan that was repayable within one year as a creditor falling due within one year, as it is shown this year. Net liabilities are unchanged.
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FAITH IN STRANGERS LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

9. Guarantees and Financial Commitments
Total future minimum lease payments under non-cancellable operating leases: £409,283 (2025: £439,205).
10. Additional Notes
Prior period adjustments: During the year the directors found errors in the balance sheet at 31 January 2025. Most arose over several earlier years and cannot be reliably attributed to a particular year; those that relate only to the year ended 31 January 2025 are not material. All are corrected in the profit and loss account brought forward at 1 February 2025, and the comparative figures are not restated. The net effect is to increase equity at 1 February 2025 by £8,978: creditors and accruals at 31 January 2025 that were not owed £17,913 and prepayments and debtors left out £2,028, less creditors left out £10,739 and cash at bank overstated £224.Called-up share capital: 571 Ordinary shares of £0.0025 each, allotted, called up and fully paid: £1 (2025: £1).
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