REGISTERED NUMBER: 02666333 (England and Wales)

G.E. & B. FEARN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

G E Fearn

J E Fearn

REGISTERED OFFICE:

Priory Farm

75 Church Street

Long Bennington

Newark

Nottinghamshire

NG23 5ES

REGISTERED NUMBER:

02666333 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BANKERS:

Lloyds Bank plc

37 Castlegate

Newark

Nottinghamshire

NG24 1BD

FIXED ASSETS

Tangible assets

4

403

474

Investments

5

546,720

546,720

547,123

547,194

CURRENT ASSETS

Debtors

6

464,875

141,120

Cash at bank

35,746

315,576

500,621

456,696

CREDITORS

Amounts falling due within one year

7

39,531

30,435

NET CURRENT ASSETS

461,090

426,261

TOTAL ASSETS LESS CURRENT LIABILITIES

1,008,213

973,455

PROVISIONS FOR LIABILITIES

63

90

NET ASSETS

1,008,150

973,365

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

1,008,148

973,363

SHAREHOLDERS' FUNDS

1,008,150

973,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

G E Fearn - Director

1.	STATUTORY INFORMATION

G.E. & B. Fearn 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 represents the fair value of net invoiced sales of labour services, excluding value added tax. Revenue is recognised on the date the labour services are provided.

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 etc

-

25% on reducing balance and 15% on reducing balance

Tangible fixed assets are held at cost less accumulated depreciation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

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.

Fixed asset investments

Fixed asset investments are recognised at the lower of cost and fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

21,630

DEPRECIATION

At 1 May 2024

21,156

Charge for year

71

At 30 April 2025

21,227

NET BOOK VALUE

At 30 April 2025

403

At 30 April 2024

474

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

546,720

NET BOOK VALUE

At 30 April 2025

546,720

At 30 April 2024

546,720

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

57,296

-

Related party debtors

407,579

141,120

464,875

141,120

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation

10,911

5,986

Other taxes and social security

23,389

22,278

Accrued expenses

5,231

2,171

39,531

30,435

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2