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REGISTERED NUMBER: 09445978 (England and Wales)














Fenberry Developments Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






Fenberry Developments Limited (Registered number: 09445978)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Fenberry Developments Limited

Company Information
for the Year Ended 28 February 2023







Directors: M L Thorpe
Mrs M Thorpe





Registered office: 86 Smeeth Road
Marshland St. James
Wisbech
Cambridgeshire
PE14 8JF





Registered number: 09445978 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambs
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fenberry Developments Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fenberry Developments Limited for the year ended 28 February 2023 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fenberry Developments Limited, as a body, in accordance with the terms of our engagement letter dated 6 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Fenberry Developments Limited and state those matters that we have agreed to state to the Board of Directors of Fenberry Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fenberry Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fenberry Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fenberry Developments Limited. You consider that Fenberry Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fenberry Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambs
PE13 3AD


2 November 2023

Fenberry Developments Limited (Registered number: 09445978)

Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 2,750 3,000

Current assets
Stocks 210,969 33,621
Debtors 6 73,085 334,565
Cash at bank 48,692 33,769
332,746 401,955
Creditors
Amounts falling due within one year 7 303,899 318,492
Net current assets 28,847 83,463
Total assets less current liabilities 31,597 86,463

Creditors
Amounts falling due after more than one
year

8

(21,807

)

(32,500

)

Provisions for liabilities 10 (688 ) (570 )
Net assets 9,102 53,393

Capital and reserves
Called up share capital 2 2
Retained earnings 9,100 53,391
9,102 53,393

Fenberry Developments Limited (Registered number: 09445978)

Statement of Financial Position - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 2 November 2023 and were signed on its behalf by:





M L Thorpe - Director


Fenberry Developments Limited (Registered number: 09445978)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. Statutory information

Fenberry Developments 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fenberry Developments Limited (Registered number: 09445978)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. Accounting policies - continued

Long term contracts
Turnover on long term contracts is recognised according to the stage reached in the contract by reference to the value of the work done. A prudent estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. Any amounts by which the turnover exceeds payments on account is shown under debtors and amounts recoverable on contracts.

4. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 March 2022 4,000
Additions 667
At 28 February 2023 4,667
Depreciation
At 1 March 2022 1,000
Charge for year 917
At 28 February 2023 1,917
Net book value
At 28 February 2023 2,750
At 28 February 2022 3,000

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts recoverable on contract 40,000 330,600
Tax 7,764 2,668
VAT 1,991 1,091
Prepayments 23,330 206
73,085 334,565

Fenberry Developments Limited (Registered number: 09445978)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 21,787 19,673
Tax - 12,781
Other creditors 1,606 62,011
Directors' loan accounts 267,006 153,952
Accrued expenses 3,500 60,075
303,899 318,492

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans (see note 9) 21,807 32,500

9. Loans

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,807 22,500

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 688 570

Deferred
tax
£   
Balance at 1 March 2022 570
Provided during year 118
Balance at 28 February 2023 688

11. Related party disclosures

Included in other creditors is a loan from the late sister of a director of the company. The balance on the loan at 28 February 2023 was £nil (2022 - £58,000).