Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31truefalsetrue2022-11-01No description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10445563 2022-11-01 2023-10-31 10445563 2021-11-01 2022-10-31 10445563 2023-10-31 10445563 2022-10-31 10445563 c:Director1 2022-11-01 2023-10-31 10445563 d:CurrentFinancialInstruments 2023-10-31 10445563 d:CurrentFinancialInstruments 2022-10-31 10445563 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10445563 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10445563 d:ShareCapital 2023-10-31 10445563 d:ShareCapital 2022-10-31 10445563 d:RetainedEarningsAccumulatedLosses 2023-10-31 10445563 d:RetainedEarningsAccumulatedLosses 2022-10-31 10445563 c:FRS102 2022-11-01 2023-10-31 10445563 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10445563 c:FullAccounts 2022-11-01 2023-10-31 10445563 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10445563 6 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 10445563






FERNDALE INVESTMENT HOLDINGS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










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FERNDALE INVESTMENT HOLDINGS LTD
REGISTERED NUMBER:10445563

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
1
2,418

  
1
2,418

Creditors: amounts falling due within one year
 5 
(171,320)
(172,487)

Net current liabilities
  
 
 
(171,319)
 
 
(170,069)

Total assets less current liabilities
  
(171,319)
(170,069)

  

Net liabilities
  
(171,319)
(170,069)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(171,320)
(170,070)

  
(171,319)
(170,069)


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FERNDALE INVESTMENT HOLDINGS LTD
REGISTERED NUMBER:10445563
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P-D Oosthuizen
Director

Date: 29 July 2024

Page 2

 
FERNDALE INVESTMENT HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Ferndale Investment Holdings Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company is that of an investment holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on the going concern basis, despite the net current liabilities, due to the continuing support of the directors.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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FERNDALE INVESTMENT HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

  
2.4

Revenue

Turnover consists of investment income derived from fixed asset investments and is recognised in profit or loss to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 -1).


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1
2,418

1
2,418


Page 4

 
FERNDALE INVESTMENT HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
169,291
170,560

Accruals and deferred income
2,029
1,927

171,320
172,487


 
Page 5