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REGISTERED NUMBER: 01693611 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 November 2023

for

Fern Holdings Limited

Fern Holdings Limited (Registered number: 01693611)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fern Holdings Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A. G. Massouras
N King





REGISTERED OFFICE: Suite B The Hall
Lairgate
Beverley
East Yorkshire
HU17 8HL





REGISTERED NUMBER: 01693611 (England and Wales)






Fern Holdings Limited (Registered number: 01693611)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,699,358 3,425,581

CURRENT ASSETS
Debtors 5 872,842 831,913
Cash at bank and in hand 70,953 68,183
943,795 900,096
CREDITORS
Amounts falling due within one year 6 1,846,230 594,827
NET CURRENT (LIABILITIES)/ASSETS (902,435 ) 305,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,796,923

3,730,850

PROVISIONS FOR LIABILITIES 4,921 4,882
NET ASSETS 3,792,002 3,725,968

CAPITAL AND RESERVES
Called up share capital 800 800
Revaluation reserve 7 2,045,485 2,045,485
Retained earnings 1,745,717 1,679,683
3,792,002 3,725,968

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

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




A. G. Massouras - Director



N King - Director


Fern Holdings Limited (Registered number: 01693611)

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

1. STATUTORY INFORMATION

Fern Holdings 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not depreciated
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.

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 year was 50 (2022 - 46 ) .

Fern Holdings Limited (Registered number: 01693611)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 December 2022 3,399,884 263,298 3,663,182
Additions 1,273,573 6,821 1,280,394
At 30 November 2023 4,673,457 270,119 4,943,576
DEPRECIATION
At 1 December 2022 - 237,601 237,601
Charge for year - 6,617 6,617
At 30 November 2023 - 244,218 244,218
NET BOOK VALUE
At 30 November 2023 4,673,457 25,901 4,699,358
At 30 November 2022 3,399,884 25,697 3,425,581

Cost or valuation at 30 November 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 1,446,057 - 1,446,057
Valuation in 2022 599,428 - 599,428
Cost 2,627,972 270,119 2,898,091
4,673,457 270,119 4,943,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 15,606 22,507
Amounts owed by group undertakings 846,067 801,608
Prepayments 11,169 7,798
872,842 831,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 43,257 22,935
Amounts owed to group undertakings 1,584,993 435,790
Amounts owed to associates 38,179 1,116
Tax 29,780 7,450
Social security and other taxes 58,419 46,123
Outstanding pension costs - 2,575
Other creditors 59,787 64,330
Accrued expenses 31,815 14,508
1,846,230 594,827

7. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 2,045,485