REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
for |
FERRYBANK PROPERTIES LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
for |
FERRYBANK PROPERTIES LIMITED |
FERRYBANK PROPERTIES LIMITED (REGISTERED NUMBER: 04643786) |
Contents of the Financial Statements |
for the year ended 31 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
FERRYBANK PROPERTIES LIMITED |
Company Information |
for the year ended 31 JANUARY 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
155 Wellingborough Road |
Rushden |
Northamptonshire |
NN10 9TB |
FERRYBANK PROPERTIES LIMITED (REGISTERED NUMBER: 04643786) |
Balance Sheet |
31 JANUARY 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
FERRYBANK PROPERTIES LIMITED (REGISTERED NUMBER: 04643786) |
Balance Sheet - continued |
31 JANUARY 2024 |
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 director and authorised for issue on |
FERRYBANK PROPERTIES LIMITED (REGISTERED NUMBER: 04643786) |
Notes to the Financial Statements |
for the year ended 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Ferrybank Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The company`s turnover represents the value, excluding value added tax, of subscriptions and prize monies received during the year. None of the company`s turnover relates to exports. |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
Going concern |
The company has managed to reduce some aspects of its costs being the reduction in trainer and veterinary fees but has still incurred additional expenses in total compared to 2023. |
The director has noted the excess of liabilities over assets at the balance sheet date. Based on the review undertaken and his continued support, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, he continues to adopt the going concern basis of accounting in preparing the annual financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2023 |
and 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
FERRYBANK PROPERTIES LIMITED (REGISTERED NUMBER: 04643786) |
Notes to the Financial Statements - continued |
for the year ended 31 JANUARY 2024 |
5. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2024 | 2023 |
£ | £ |
Racehorses | 169,200 | 169,200 |
Disposals | (139,875 | ) | - |
29,325 | 169,200 |
The racehorses have been valued by the director at either cost where the horse is being raced, or at a nil value where the horse is no longer considered to be a winning proposition. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
VAT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
VAT | - | 890 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Directors' loan accounts | 1,102,303 | 1,040,616 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |