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REGISTERED NUMBER: 10329095 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Ferndown Real Estate Ltd

Ferndown Real Estate Ltd (Registered number: 10329095)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ferndown Real Estate Ltd (Registered number: 10329095)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,833 3,186

Current assets
Debtors 5 19,829 49,637
Cash at bank 2,643 24,546
22,472 74,183
Creditors
Amounts falling due within one year 6 18,642 11,977
Net current assets 3,830 62,206
Total assets less current liabilities 6,663 65,392

Creditors
Amounts falling due after more than
one year

7

38,215

40,000
Net (liabilities)/assets (31,552 ) 25,392

Capital and reserves
Called up share capital 10 10
Retained earnings (31,562 ) 25,382
Shareholders' funds (31,552 ) 25,392

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

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

Ferndown Real Estate Ltd (Registered number: 10329095)

Balance Sheet - continued
31 August 2023


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 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 20 March 2024 and were signed on its behalf by:





D Leviton - Director


Ferndown Real Estate Ltd (Registered number: 10329095)

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

1. Statutory information

Ferndown Real Estate Ltd 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: 10329095

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

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.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Ferndown Real Estate Ltd (Registered number: 10329095)

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

3. Employees and directors

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

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 September 2022 3,356 4,178 7,534
Additions 83 860 943
At 31 August 2023 3,439 5,038 8,477
Depreciation
At 1 September 2022 1,776 2,572 4,348
Charge for year 530 766 1,296
At 31 August 2023 2,306 3,338 5,644
Net book value
At 31 August 2023 1,133 1,700 2,833
At 31 August 2022 1,580 1,606 3,186

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 636 49,186
Directors' loan accounts - 451
VAT 137 -
Deferred tax asset
Tax losses carried forward 19,056 -
19,829 49,637

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 491
Social security and other taxes - 51
VAT - 187
Other creditors 1,429 1,248
Directors' current accounts 7,213 -
18,642 11,977

Ferndown Real Estate Ltd (Registered number: 10329095)

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

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 28,215 30,000
38,215 40,000

8. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
D Leviton
Balance outstanding at start of year 451 35,600
Amounts advanced - 451
Amounts repaid (451 ) (35,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 451

9. Ultimate controlling party

The controlling party is D Leviton.