IRIS Accounts Production v23.2.0.158 10635640 director 1.3.22 28.2.23 28.2.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106356402022-02-28106356402023-02-28106356402022-03-012023-02-28106356402021-02-28106356402021-03-012022-02-28106356402022-02-2810635640ns10:Originalns15:EnglandWales2022-03-012023-02-2810635640ns14:PoundSterlingns10:Original2022-03-012023-02-2810635640ns10:Originalns10:Director12022-03-012023-02-2810635640ns10:Original2022-03-012023-02-2810635640ns10:Original2023-02-2810635640ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2810635640ns10:Originalns10:SmallEntities2022-03-012023-02-2810635640ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2810635640ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2810635640ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2810635640ns10:Originalns10:FullAccounts2022-03-012023-02-2810635640ns10:Original2021-03-012022-02-2810635640ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2810635640ns10:Originalns10:RegisteredOffice2022-03-012023-02-2810635640ns10:Original2022-02-2810635640ns10:Originalns5:CurrentFinancialInstruments2023-02-2810635640ns10:Originalns5:CurrentFinancialInstruments2022-02-2810635640ns10:Originalns5:Non-currentFinancialInstruments2023-02-2810635640ns10:Originalns5:Non-currentFinancialInstruments2022-02-2810635640ns5:ShareCapitalns10:Original2023-02-2810635640ns5:ShareCapitalns10:Original2022-02-2810635640ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2810635640ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2810635640ns10:Originalns5:LandBuildings2022-02-2810635640ns10:Originalns5:LandBuildings2023-02-2810635640ns10:Originalns5:LandBuildings2022-02-2810635640ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810635640ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2810635640ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2810635640ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-02-2810635640ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2810635640ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-02-2810635640ns10:Originalns10:OrdinaryShareClass12023-02-2810635640ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2810635640ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 10635640 (England and Wales)


















Ferenc Property Limited

Unaudited Financial Statements for the Year Ended 28 February 2023






Ferenc Property Limited (Registered number: 10635640)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ferenc Property Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: S Montgomery





REGISTERED OFFICE: 39 Gaddum Road
Bowdon
Altrincham
WA14 3PQ





REGISTERED NUMBER: 10635640 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Ferenc Property Limited (Registered number: 10635640)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,891 244,891

CURRENT ASSETS
Cash at bank 8,510 4,009

CREDITORS
Amounts falling due within one year 5 96,796 81,681
NET CURRENT LIABILITIES (88,286 ) (77,672 )
TOTAL ASSETS LESS CURRENT LIABILITIES 156,605 167,219

CREDITORS
Amounts falling due after more than one year 6 162,150 175,310
NET LIABILITIES (5,545 ) (8,091 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (5,645 ) (8,191 )
SHAREHOLDERS' FUNDS (5,545 ) (8,091 )

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 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 29 November 2023 and were signed by:





S Montgomery - Director


Ferenc Property Limited (Registered number: 10635640)

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

1. STATUTORY INFORMATION

Ferenc Property 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2022
and 28 February 2023 244,891
NET BOOK VALUE
At 28 February 2023 244,891
At 28 February 2022 244,891

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 7) 13,159 -
Trade creditors 2 1
Other creditors - 300
Directors' current accounts 83,275 81,020
Accrued expenses 360 360
96,796 81,681

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 7) 162,150 175,310

Ferenc Property Limited (Registered number: 10635640)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 109,513 175,310

7. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 13,159 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 13,159 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 39,478 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 109,513 175,310

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2022 (8,191 )
Profit for the year 2,546
At 28 February 2023 (5,645 )