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REGISTERED NUMBER: 01995879 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FERNLEA KENT LIMITED

FERNLEA KENT LIMITED (REGISTERED NUMBER: 01995879)






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


FERNLEA KENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: E R Cook
L R W Cook





REGISTERED OFFICE: Broomfield Works
Fernfield Lane
Hawkinge
FOLKESTONE
Kent
CT18 7AW





REGISTERED NUMBER: 01995879 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

FERNLEA KENT LIMITED (REGISTERED NUMBER: 01995879)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,701 71,512
Investment property 5 1,510,000 1,510,000
1,571,701 1,581,512

CURRENT ASSETS
Debtors 6 22,964 29,688
Investments 7 1,366,607 1,153,601
Cash at bank 953,721 1,103,183
2,343,292 2,286,472
CREDITORS
Amounts falling due within one year 8 170,093 178,680
NET CURRENT ASSETS 2,173,199 2,107,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,744,900

3,689,304

PROVISIONS FOR LIABILITIES 49,834 49,033
NET ASSETS 3,695,066 3,640,271

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 3,694,066 3,639,271
SHAREHOLDERS' FUNDS 3,695,066 3,640,271

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.

FERNLEA KENT LIMITED (REGISTERED NUMBER: 01995879)

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 4 November 2024 and were signed on its behalf by:





E R Cook - Director


FERNLEA KENT LIMITED (REGISTERED NUMBER: 01995879)

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

1. STATUTORY INFORMATION

Fernlea Kent 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is recognised when the company obtains a right to consideration in exchange for its performance and is measured at fair value.

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 - 20% on reducing balance and 5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 contributes to the defined contribution pension schemes for directors and employees. Contributions payable to the schemes 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 3 (2023 - 3 ) .

FERNLEA KENT LIMITED (REGISTERED NUMBER: 01995879)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 75,050 26,151 2,465 103,666
Additions - - 769 769
At 31 March 2024 75,050 26,151 3,234 104,435
DEPRECIATION
At 1 April 2023 25,068 6,538 548 32,154
Charge for year 5,006 4,903 671 10,580
At 31 March 2024 30,074 11,441 1,219 42,734
NET BOOK VALUE
At 31 March 2024 44,976 14,710 2,015 61,701
At 31 March 2023 49,982 19,613 1,917 71,512

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,510,000
NET BOOK VALUE
At 31 March 2024 1,510,000
At 31 March 2023 1,510,000

The investment property was valued at the year end by the directors on an open market basis.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 366,258
Valuation in 2023 238,319
Cost 905,423
1,510,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,964 17,973
Other debtors - 11,715
22,964 29,688

FERNLEA KENT LIMITED (REGISTERED NUMBER: 01995879)

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

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 1,366,607 1,153,601

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 105 197
Social security and other taxes 2,155 2,305
VAT 2,969 3,995
Other creditors 5,000 4,000
Directors' current accounts 159,864 168,183
170,093 178,680

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES

Included within the retained earnings is a non-distributable amount of £566,466 (2023 - £566,466) which relates to the revaluation gains on the investment property.