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REGISTERED NUMBER: 03778650 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Feathercrest Services Limited

Feathercrest Services Limited (Registered number: 03778650)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Feathercrest Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J Calver





REGISTERED OFFICE: Building 6000 Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 03778650 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Feathercrest Services Limited (Registered number: 03778650)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 510,043 509,881

CURRENT ASSETS
Stocks 152,337 141,850
Debtors 5 - 34,185
Cash at bank 63,963 132,632
216,300 308,667
CREDITORS
Amounts falling due within one year 6 550,390 609,894
NET CURRENT LIABILITIES (334,090 ) (301,227 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,953

208,654

CREDITORS
Amounts falling due after more than one year 7 122,693 164,741
NET ASSETS 53,260 43,913

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 273,000 273,000
Retained earnings (219,940 ) (229,287 )
SHAREHOLDERS' FUNDS 53,260 43,913

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

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

Feathercrest Services Limited (Registered number: 03778650)

Balance Sheet - continued
31 July 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 director and authorised for issue on 1 September 2024 and were signed by:





J Calver - Director


Feathercrest Services Limited (Registered number: 03778650)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Feathercrest Services 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Feathercrest Services Limited (Registered number: 03778650)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 509,751 5,798 515,549
Additions - 213 213
At 31 July 2024 509,751 6,011 515,762
DEPRECIATION
At 1 August 2023 - 5,668 5,668
Charge for year - 51 51
At 31 July 2024 - 5,719 5,719
NET BOOK VALUE
At 31 July 2024 509,751 292 510,043
At 31 July 2023 509,751 130 509,881

Cost or valuation at 31 July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2004 236,751 - 236,751
Valuation in 2010 273,000 - 273,000
Valuation in 2020 - 5,798 5,798
Cost - 213 213
509,751 6,011 515,762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 34,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 21,848 3,997
Trade creditors 10,842 57,970
Amounts owed to group undertakings 434,074 451,989
Taxation and social security 31,115 52,910
Other creditors 52,511 43,028
550,390 609,894

Feathercrest Services Limited (Registered number: 03778650)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 122,693 164,741

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 92,974 123,324

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank overdrafts 1,037 3,997
Bank loans 143,504 164,741
144,541 168,738

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 273,000

10. RELATED PARTY DISCLOSURES

Included within creditors is a balance of £414,096.70 (2022: £413,359.84) owed to J Calver Holdings Limited, the parent company. This balance is interest free and payable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J Calver.