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Registered number: 04637097
F&F Corporation Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
Passman Leonard Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04637097
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,540,485 940,185
Investments 5 1,000 -
1,541,485 940,185
CURRENT ASSETS
Debtors 6 89,142 1,240
Cash at bank and in hand 320,935 10,158
410,077 11,398
Creditors: Amounts Falling Due Within One Year 7 (19,985 ) (258,235 )
NET CURRENT ASSETS (LIABILITIES) 390,092 (246,837 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,931,577 693,348
PROVISIONS FOR LIABILITIES
Deferred Taxation (84,658 ) (45,521 )
NET ASSETS 1,846,919 647,827
CAPITAL AND RESERVES
Called up share capital 8 1,100 100
Fair value reserve 9 278,215 206,463
Profit and Loss Account 1,567,604 441,264
SHAREHOLDERS' FUNDS 1,846,919 647,827
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For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Justin Toohig
Director
28 October 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
F&F Corporation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04637097 . The registered office is Boundary House, Cricket Field Road, Uxbridge, Middlesex, UB8 1QG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Leasehold Not depreciated
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 1 1
1 1
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4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 February 2025 500,000 440,000 4,794 - 944,794
Additions 443,682 - - 450 444,132
Revaluation 156,318 - - - 156,318
As at 31 January 2026 1,100,000 440,000 4,794 450 1,545,244
Depreciation
As at 1 February 2025 - - 4,609 - 4,609
Provided during the period - - 37 113 150
As at 31 January 2026 - - 4,646 113 4,759
Net Book Value
As at 31 January 2026 1,100,000 440,000 148 337 1,540,485
As at 1 February 2025 500,000 440,000 185 - 940,185
The investment properties were revalued as at 31st January 2026 on an open market basis by the director. The historic cost of the investment properties included at a valuation of £1,540,000 (2025 - £940,000) was £1,177,219 (2025 - £733,537).
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 February 2025 -
Additions 1,000
As at 31 January 2026 1,000
Provision
As at 1 February 2025 -
As at 31 January 2026 -
Net Book Value
As at 31 January 2026 1,000
As at 1 February 2025 -
On 27th March 2025 the company acquired the entire issued share capital of Paintballing Ltd in consideration for the issue of 1,000 shares at a nominal value of £1 each in the company. The investment was initially recognised at £1,000. Following the reorganisation, the company is wholly owned by Mr J Toohig and Mrs C Toohig and Paintballing Limited is its wholly owned subsidiary. 
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors (632 ) -
Prepayments and accrued income 566 677
Other debtors 563 563
497 1,240
Due after more than one year
Amounts owed by group undertakings 88,645 -
89,142 1,240
Included in amounts owed by group undertakings is £88,645 owed by Paintballing Ltd, a company incorporated and registered in the United Kingdom, in which Mr J Toohig is a director.
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts 1,479 255
Corporation tax 10,779 20,204
Other creditors 6,490 6,490
Amounts due to related parties - 221,754
Accruals 1,134 9,467
Director's loan account 103 65
19,985 258,235
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,100 100
2026 2025
Allotted, called up and fully paid £ £
1,100 Ordinary Shares of £ 1.000 each 1,100 100
Shares issued during the period: £
1,000 Ordinary Shares of £ 1.000 each 1,000
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9. Reserves
Revaluation reserve Fair value reserve Profit and Loss Account
£ £ £
As at 1 February 2025 - 206,463 441,264
Profit for the year and total comprehensive income - - 1,069,474
Dividends paid - - (27,700)
Arising on shares issued during the period - - -
Movements in fair value reserve - 156,318 -
Transfer to/from Fair value reserve - - 84,566
Transfer to/from Profit & Loss Account - (84,566 ) -
As at 31 January 2026 - 278,215 1,567,604
10. Related Party Transactions
During the year, dividend of £1,075,000 was received from Paintballing Ltd, a company incorporated and registered in the United Kingdom which is a subsidiary of F&F Corporation Ltd.
11. Ultimate Controlling Party
There is no controlling interest by virtue of the fact that no one shareholder owns more than 50% of the shares.
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