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REGISTERED NUMBER: 01625793 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Fearnville Limited

Fearnville Limited (Registered number: 01625793)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


Fearnville Limited (Registered number: 01625793)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £ £ £ £
FIXED ASSETS
Investments 4 643,076 534,036

CURRENT ASSETS
Debtors 5 1,094,694 1,094,694
Investments 6 10 10
Cash at bank 378,085 443,176
1,472,789 1,537,880
CREDITORS
Amounts falling due within one year 7 559,197 549,125
NET CURRENT ASSETS 913,592 988,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,556,668

1,522,791

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 1,556,666 1,522,789
SHAREHOLDERS' FUNDS 1,556,668 1,522,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 31 January 2024 and were signed on its behalf by:





M Lebrecht - Director


Fearnville Limited (Registered number: 01625793)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Fearnville Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01625793

Registered office: 5 North End Road
London
NW11 7RJ

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.

Turnover
Turnover represents net income from joint property syndicates.

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.

Investments in property syndicates
Investments in syndicates are accounted for under the equity accounting method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - NIL ) .

Fearnville Limited (Registered number: 01625793)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. FIXED ASSET INVESTMENTS
Syndicate Other
investments investments Totals
£ £ £
COST
At 1 July 2022 534,033 3 534,036
Additions 130,113 - 130,113
Net movement in year (21,073 ) - (21,073 )
At 30 June 2023 643,073 3 643,076
NET BOOK VALUE
At 30 June 2023 643,073 3 643,076
At 30 June 2022 534,033 3 534,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Other debtors 1,094,694 1,094,694

6. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£ £
Unlisted investments 10 10

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Trade creditors (1 ) -
Taxation and social security 7,946 1,930
Other creditors 551,252 547,195
559,197 549,125

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £ £
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£

At 1 July 2022 1,522,789
Profit for the year 33,877
At 30 June 2023 1,556,666

Fearnville Limited (Registered number: 01625793)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


10. RELATED PARTY DISCLOSURES

Mr M Lebrecht is also a director of Angorlake Limited, Tepel Investments Limited, Sytmap Property Company Limited and Greatport Limited.

As at the balance sheet date, the balance owing from Angorlake Limited was £487,916 (2022: £487,916).

As at the balance sheet date, the balance owing from Tepel Investments Limited was £234,597 (2022: £234,597).

As at the balance sheet date, the balance owing from Sytmap Property Company Limited was £230,472 (2022: £230,472).

As at the balance sheet date, the balance owing from Greatport Limited was £120,000 (2022: £120,000).

11. ULTIMATE HOLDING COMPANY

Fearnville Limited is a wholly owned subsidiary of Angorlake Limited.