Fenrir Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09639068 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FENRIR HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr SM King

REGISTERED OFFICE:

Mill Hill Factory

Desford Road

Enderby

Leicestershire

LE19 4AD

REGISTERED NUMBER:

09639068 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

2,125

Investments

5

1,345,497

1,345,497

1,345,497

1,347,622

CURRENT ASSETS

Debtors

6

3,312

-

Cash at bank

258,876

38,329

262,188

38,329

CREDITORS

Amounts falling due within one year

7

1,607,622

1,385,889

NET CURRENT LIABILITIES

(1,345,434

)

(1,347,560

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63

62

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

62

61

63

62

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 July 2023 and were signed by:

Mr SM King - Director

1.	STATUTORY INFORMATION

Fenrir Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2022

3,616

Disposals

(3,616

)

At 31 March 2023

-

DEPRECIATION

At 1 April 2022

1,491

Charge for year

750

Eliminated on disposal

(2,241

)

At 31 March 2023

-

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

2,125

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

and 31 March 2023

1,345,497

NET BOOK VALUE

At 31 March 2023

1,345,497

At 31 March 2022

1,345,497

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Archbond Limited

Registered office: England and Wales

Nature of business: Laminator and embosser of pool covers

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

3,312

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed to group undertakings

1,600,405

1,369,980

Taxation

4,587

4,359

VAT

1,200

1,200

Directors' current accounts

675

9,675

Accruals and deferred income

755

675

1,607,622

1,385,889

8.	RELATED PARTY DISCLOSURES

At the year end, the company owed the director £675 (2022: £9,675) and was owed £3,312 (2022: £Nil) from a company in which the director is also a shareholder and director.

9.	ULTIMATE CONTROLLING PARTY

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.