IRIS Accounts Production v24.2.0.383 01530417 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015304172023-03-31015304172024-03-31015304172023-04-012024-03-31015304172022-03-31015304172022-04-012023-03-31015304172023-03-3101530417ns15:EnglandWales2023-04-012024-03-3101530417ns14:PoundSterling2023-04-012024-03-3101530417ns10:Director12023-04-012024-03-3101530417ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101530417ns10:SmallEntities2023-04-012024-03-3101530417ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101530417ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101530417ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101530417ns10:FullAccounts2023-04-012024-03-3101530417ns10:Director22023-04-012024-03-3101530417ns10:Director32023-04-012024-03-3101530417ns10:CompanySecretary12023-04-012024-03-3101530417ns10:RegisteredOffice2023-04-012024-03-3101530417ns5:CurrentFinancialInstruments2024-03-3101530417ns5:CurrentFinancialInstruments2023-03-3101530417ns5:ShareCapital2024-03-3101530417ns5:ShareCapital2023-03-3101530417ns5:CapitalRedemptionReserve2024-03-3101530417ns5:CapitalRedemptionReserve2023-03-3101530417ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3101530417ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3101530417ns5:RetainedEarningsAccumulatedLosses2024-03-3101530417ns5:RetainedEarningsAccumulatedLosses2023-03-3101530417ns5:FurnitureFittings2023-04-012024-03-3101530417ns5:FurnitureFittings2023-03-3101530417ns5:FurnitureFittings2024-03-3101530417ns5:FurnitureFittings2023-03-3101530417ns5:CostValuation2023-03-3101530417ns5:DisposalsRepaymentsInvestments2024-03-3101530417ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3101530417ns5:CostValuation2024-03-3101530417ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101530417ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 01530417 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FEATHERSTONE MARINE LIMITED

FEATHERSTONE MARINE LIMITED (REGISTERED NUMBER: 01530417)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FEATHERSTONE MARINE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M J Brace
Mrs C Brace
J C Brace



SECRETARY: M J Brace



REGISTERED OFFICE: The Galleries
Charters Road
Sunningdale
Berkshire
SL5 9QJ



REGISTERED NUMBER: 01530417 (England and Wales)



ACCOUNTANTS: Davis Burton Sellek
Chartered Accountants
The Galleries
Charters Road
Sunningdale
Berkshire
SL5 9QJ



BANKERS: The Royal Bank of Scotland plc
Shipping Business Centre
5-10 Great Tower Street
London
EC3P 3HX

FEATHERSTONE MARINE LIMITED (REGISTERED NUMBER: 01530417)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 176
Investments 6 417,665 329,001
417,665 329,177

CURRENT ASSETS
Debtors 7 11 6
Cash at bank 17,378 10,932
17,389 10,938
CREDITORS
Amounts falling due within one year 8 55,312 46,113
NET CURRENT LIABILITIES (37,923 ) (35,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,742

294,002

PROVISIONS FOR LIABILITIES 31,369 11,011
NET ASSETS 348,373 282,991

CAPITAL AND RESERVES
Called up share capital 5,300 5,300
Capital redemption reserve 4,700 4,700
Other reserves 165,102 57,953
Retained earnings 173,271 215,038
SHAREHOLDERS' FUNDS 348,373 282,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

FEATHERSTONE MARINE LIMITED (REGISTERED NUMBER: 01530417)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





M J Brace - Director


FEATHERSTONE MARINE LIMITED (REGISTERED NUMBER: 01530417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Featherstone Marine 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue to operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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

Equity instruments
Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

FEATHERSTONE MARINE LIMITED (REGISTERED NUMBER: 01530417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.

FEATHERSTONE MARINE LIMITED (REGISTERED NUMBER: 01530417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investment portfolios in listed equities are held as fixed assets on the balance sheet. Those investments that are freely tradeable are stated at market value. Those investments that are unlisted or in which the company is prohibited from trading are valued at cost less any provision for impairment. Realised gains or losses on disposal of these investments are recognised in the income statement. Unrealised gains or losses on changes in market value are also recognised via the income statement.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 8,605
DEPRECIATION
At 1 April 2023 8,429
Charge for year 176
At 31 March 2024 8,605
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 176

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 329,001
Disposals (18,485 )
Revaluations 107,149
At 31 March 2024 417,665
NET BOOK VALUE
At 31 March 2024 417,665
At 31 March 2023 329,001

FEATHERSTONE MARINE LIMITED (REGISTERED NUMBER: 01530417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 417,665

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11 6

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 963
Other creditors 55,312 45,150
55,312 46,113