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REGISTERED NUMBER: 03519924 (England and Wales)















Unaudited Financial Statements

for the Period 31 May 2022 to 29 May 2023

for

Fearnhead Residential Limited

Fearnhead Residential Limited (Registered number: 03519924)






Contents of the Financial Statements
for the Period 31 May 2022 to 29 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fearnhead Residential Limited

Company Information
for the Period 31 May 2022 to 29 May 2023







DIRECTORS: Mr R J M Jackson
Mr S R L McAuley
Mr J D McAuley





SECRETARY: Mr S R L McAuley





REGISTERED OFFICE: Krakowia Saltburn Road
Brotton
Saltburn By The Sea
Cleveland
TS12 2PJ





REGISTERED NUMBER: 03519924 (England and Wales)





ACCOUNTANTS: Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
YO21 1QL

Fearnhead Residential Limited (Registered number: 03519924)

Balance Sheet
29 May 2023

29.5.23 30.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,320 22,507
Tangible assets 5 389,912 560,948
393,232 583,455

CURRENT ASSETS
Debtors 6 194,746 174,598
Cash at bank and in hand 336,202 217,690
530,948 392,288
CREDITORS
Amounts falling due within one year 7 152,368 131,707
NET CURRENT ASSETS 378,580 260,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

771,812

844,036

CREDITORS
Amounts falling due after more than one
year

8

(292,897

)

(335,196

)

PROVISIONS FOR LIABILITIES (5,430 ) (5,430 )
NET ASSETS 473,485 503,410

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 473,185 503,110
SHAREHOLDERS' FUNDS 473,485 503,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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.

Fearnhead Residential Limited (Registered number: 03519924)

Balance Sheet - continued
29 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:




Mr S R L McAuley - Director



Mr R J M Jackson - Director


Fearnhead Residential Limited (Registered number: 03519924)

Notes to the Financial Statements
for the Period 31 May 2022 to 29 May 2023

1. STATUTORY INFORMATION

Fearnhead Residential 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fearnhead Residential Limited (Registered number: 03519924)

Notes to the Financial Statements - continued
for the Period 31 May 2022 to 29 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 May 2022 113,200
Disposals (40,000 )
At 29 May 2023 73,200
AMORTISATION
At 31 May 2022 90,693
Amortisation for period 11,320
Eliminated on disposal (32,133 )
At 29 May 2023 69,880
NET BOOK VALUE
At 29 May 2023 3,320
At 30 May 2022 22,507

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 31 May 2022 605,757 7,412 98,306 711,475
Additions - - 16,000 16,000
Disposals (194,000 ) - - (194,000 )
At 29 May 2023 411,757 7,412 114,306 533,475
DEPRECIATION
At 31 May 2022 78,095 7,379 65,053 150,527
Charge for period 12,115 8 12,313 24,436
Eliminated on disposal (31,400 ) - - (31,400 )
At 29 May 2023 58,810 7,387 77,366 143,563
NET BOOK VALUE
At 29 May 2023 352,947 25 36,940 389,912
At 30 May 2022 527,662 33 33,253 560,948

Fearnhead Residential Limited (Registered number: 03519924)

Notes to the Financial Statements - continued
for the Period 31 May 2022 to 29 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.5.23 30.5.22
£    £   
Trade debtors 25,796 33,485
Amounts owed by group undertakings 167,113 141,113
Other debtors 1,837 -
194,746 174,598

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.5.23 30.5.22
£    £   
Trade creditors 2,814 3,462
Taxation and social security 110,890 83,157
Other creditors 38,664 45,088
152,368 131,707

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.5.23 30.5.22
£    £   
Other creditors 292,897 335,196