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REGISTERED NUMBER: SC050184 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Fereneze Holdings (Killoch) Limited

Fereneze Holdings (Killoch) Limited (Registered number: SC050184)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Fereneze Holdings (Killoch) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: T K Thomson
Mrs H V E McVicker





SECRETARY: Mrs H V E McVicker





REGISTERED OFFICE: 2 Killoch Farm
Neilston
GLASGOW
G78 3AE





REGISTERED NUMBER: SC050184 (Scotland)





ACCOUNTANTS: T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR

Fereneze Holdings (Killoch) Limited (Registered number: SC050184)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 87,000 87,000

CURRENT ASSETS
Debtors 7,141 10,046
Cash at bank 22,493 20,317
29,634 30,363
CREDITORS
Amounts falling due within one year 7,047 926
NET CURRENT ASSETS 22,587 29,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,587

116,437

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 6 69,946 69,946
Retained earnings 29,641 36,491
109,587 116,437

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Fereneze Holdings (Killoch) Limited (Registered number: SC050184)

Abridged Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





Mrs H V E McVicker - Director


Fereneze Holdings (Killoch) Limited (Registered number: SC050184)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Fereneze Holdings (Killoch) Limited is a private company, limited by shares , registered in Scotland. 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates.

Turnover
Turnover comprises income from grazing lets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land - No depreciation
Plant and machinery - 10% on cost

Included within Tangible fixed assets is Land which had an initial cost of £17,054 and was revalued in 2001 to £87,000. As allowed under section 1A FRS102, the directors have elected to use the revalued Land amount of £87,000 as the deemed cost.

Woodland grants
Woodland grants are recognised in the profit & loss account in the year they are received.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than twenty four hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

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

Fereneze Holdings (Killoch) Limited (Registered number: SC050184)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 87,275
DEPRECIATION
At 1 June 2022
and 31 May 2023 275
NET BOOK VALUE
At 31 May 2023 87,000
At 31 May 2022 87,000

6. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 69,946

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fereneze Holdings (Killoch) 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 Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors 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 Fereneze Holdings (Killoch) Limited for the year ended 31 May 2023 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Fereneze Holdings (Killoch) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fereneze Holdings (Killoch) Limited and state those matters that we have agreed to state to the Board of Directors of Fereneze Holdings (Killoch) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fereneze Holdings (Killoch) 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 profit of Fereneze Holdings (Killoch) Limited. You consider that Fereneze Holdings (Killoch) 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 Fereneze Holdings (Killoch) 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.






T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR


13 February 2024