FAAB Limited 31/07/2026 iXBRL

Company registration number: 12116151

FAAB Limited

Unaudited filleted financial statements

31 July 2026

FAAB Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

FAAB Limited

Directors and other information


	Director	Faridah Bhat
		Aqil Bhat
		Anisa Bhat


	Company number	12116151


	Registered office	26 Sketty Park Drive
		Sketty
		Swansea
		SA2 8LN


	Accountants	Morgan Hemp
		103-104 Walter Road
		Swansea
		SA1 5QF

FAAB Limited

Statement of financial position

31 July 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	7,200		9,600
Tangible assets	6	-		1,617
		_______		_______
			7,200		11,217

Current assets
Debtors	7	4,495		3,468
Cash at bank and in hand		39,203		43,456
		_______		_______
		43,698		46,924
Creditors: amounts falling due
within one year	8	( 74,821)		( 74,849)
		_______		_______
Net current liabilities			( 31,123)		( 27,925)
			_______		_______
Total assets less current liabilities			( 23,923)		( 16,708)

			_______		_______
Net liabilities			( 23,923)		( 16,708)
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			( 23,924)		( 16,709)
			_______		_______
Shareholders deficit			( 23,923)		( 16,708)
			_______		_______

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 05 October 2026 , and are signed on behalf of the board by:

Faridah Bhat

Director

Company registration number: 12116151

FAAB Limited

Notes to the financial statements

Year ended 31 July 2026

1. General information

The company is a private company limited by shares, registered in Wales and England. The address of the registered office is FAAB Ltd, 26 Sketty Park Drive, Sketty, Swansea, SA2 8LN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The preparation of the accounts under the going concern basis remains appropriate as the directorhas confirmed that they will continue to give full financial support to the company until such time as it's position further improves.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Franchise Fee	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Staff costs

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	13,706	10,254
	_______	_______

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 August 2025 and 31 July 2026	24,000	24,000
	_______	_______
Amortisation
At 1 August 2025	14,400	14,400
Charge for the year	2,400	2,400
	_______	_______
At 31 July 2026	16,800	16,800
	_______	_______
Carrying amount
At 31 July 2026	7,200	7,200
	_______	_______
At 31 July 2025	9,600	9,600
	_______	_______

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 August 2025 and 31 July 2026	406	13,857	14,263
	_______	_______	_______
Depreciation
At 1 August 2025	406	12,241	12,647
Charge for the year	-	1,616	1,616
	_______	_______	_______
At 31 July 2026	406	13,857	14,263
	_______	_______	_______
Carrying amount
At 31 July 2026	-	-	-
	_______	_______	_______
At 31 July 2025	-	1,616	1,616
	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	436	589
Other debtors	4,059	2,879
	_______	_______
	4,495	3,468
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	80	38
Corporation tax	-	407
Social security and other taxes	-	231
Other creditors	74,741	74,173
	_______	_______
	74,821	74,849
	_______	_______

9. Controlling party

The company is under the control of the director, who owns 100% of the share capital.