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REGISTERED NUMBER: 13879183 (England and Wales)













Unaudited Financial Statements

for the Period 28 January 2022 to 31 March 2023

for

Ferriby Land (Penzance) Ltd

Ferriby Land (Penzance) Ltd (Registered number: 13879183)






Contents of the Financial Statements
for the Period 28 January 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ferriby Land (Penzance) Ltd

Company Information
for the Period 28 January 2022 to 31 March 2023







DIRECTORS: M A Burgess
P J Purewal





REGISTERED OFFICE: 4th Floor
167 Fleet Street
London
EC4A 2EA





REGISTERED NUMBER: 13879183 (England and Wales)





ACCOUNTANTS: Elliotts Shah
Chartered Accountants
4th Floor
167 Fleet Street
London
EC4A 2EA

Ferriby Land (Penzance) Ltd (Registered number: 13879183)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Investment property 4 340,000

CURRENT ASSETS
Cash at bank 29,373

CREDITORS
Amounts falling due within one year 5 371,398
NET CURRENT LIABILITIES (342,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,025

)

CAPITAL AND RESERVES
Called up share capital 4
Retained earnings (2,029 )
(2,025 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 23 October 2023 and were signed on its behalf by:





P J Purewal - Director


Ferriby Land (Penzance) Ltd (Registered number: 13879183)

Notes to the Financial Statements
for the Period 28 January 2022 to 31 March 2023

1. STATUTORY INFORMATION

Ferriby Land (Penzance) Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
After considering the company's prospects, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents rents receivable relating to the period, net of value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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 period was NIL.

Ferriby Land (Penzance) Ltd (Registered number: 13879183)

Notes to the Financial Statements - continued
for the Period 28 January 2022 to 31 March 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 363,792
Revaluations (23,792 )
At 31 March 2023 340,000
NET BOOK VALUE
At 31 March 2023 340,000

The investment property has been stated at fair value as determined by the directors. The historical cost of the investment property is £363,792.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to associates 175,840
Taxation and social security 6,775
Other creditors 188,783
371,398

6. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £175,840 due to Ferriby Land Ltd which is interested in 50% of the issued share capital of the company. This amount is unsecured and interest free.