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Company Registration No. 13101025 (England and Wales)
Ferndale Lettings Ltd Unaudited accounts for the year ended 31 December 2023
Ferndale Lettings Ltd Unaudited accounts Contents
Page
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Ferndale Lettings Ltd Company Information for the year ended 31 December 2023
Director
James Robert Spearing
Company Number
13101025 (England and Wales)
Registered Office
FERNDALE LATCHINGDON ROAD COLD NORTON CHELMSFORD CM3 6JB ENGLAND
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Ferndale Lettings Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
79,000 
87,000 
Current assets
Cash at bank and in hand
613 
531 
Creditors: amounts falling due within one year
(24,684)
(24,276)
Net current liabilities
(24,071)
(23,745)
Total assets less current liabilities
54,929 
63,255 
Creditors: amounts falling due after more than one year
(58,568)
(56,863)
Provisions for liabilities
Other provisions
- 
(1,482)
Net (liabilities)/assets
(3,639)
4,910 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,739)
4,810 
Shareholders' funds
(3,639)
4,910 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
James Robert Spearing Director Company Registration No. 13101025
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Ferndale Lettings Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Ferndale Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13101025. The registered office is FERNDALE LATCHINGDON ROAD, COLD NORTON, CHELMSFORD, CM3 6JB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
87,000 
Net loss from fair value adjustments
(8,000)
At 31 December 2023
79,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
131 
Loans from directors
24,374 
23,870 
Accruals
310 
275 
24,684 
24,276 
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Ferndale Lettings Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
58,568 
56,863 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
The limited company owes the director £24,373.84 at 31/12/23. (£23,869.93 - 31/12/22). This is an interest free loan, repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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