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REGISTERED NUMBER: 04643786 (England and Wales)














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: G P Goodwin





SECRETARY: M A Goodwin





REGISTERED OFFICE: Ferrybank Farm
Northampton Road
ORLINGBURY
Northamptonshire
NN14 1JF





REGISTERED NUMBER: 04643786 (England and Wales)





ACCOUNTANTS: Elsby & Co
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 4 528 705
Investments 5 29,325 169,200
29,853 169,905

CURRENT ASSETS
Debtors 6 1,253 -
Cash at bank 5,857 4,550
7,110 4,550
CREDITORS
Amounts falling due within one year 7 1,269 13,949
NET CURRENT ASSETS/(LIABILITIES) 5,841 (9,399 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,694 160,506

CREDITORS
Amounts falling due after more than one
year

8

1,102,303

1,040,616
NET LIABILITIES (1,066,609 ) (880,110 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (1,066,709 ) (880,210 )
SHAREHOLDERS' FUNDS (1,066,609 ) (880,110 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 10 September 2024 and were signed by:





G P Goodwin - Director


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 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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 10-20% on cost

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 5,281 308 5,589
DEPRECIATION
At 1 February 2023 4,576 308 4,884
Charge for year 177 - 177
At 31 January 2024 4,753 308 5,061
NET BOOK VALUE
At 31 January 2024 528 - 528
At 31 January 2023 705 - 705

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 1,253 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 11,009
VAT - 890
Accrued expenses 1,269 2,050
1,269 13,949

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: £    £   
100 Ordinary £1 100 100