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REGISTERED NUMBER: 01121991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Farndon Harbour Moorings Limited

Farndon Harbour Moorings Limited (Registered number: 01121991)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farndon Harbour Moorings Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P Ainsworth





SECRETARY: Mrs J Ainsworth





REGISTERED OFFICE: North End
Farndon
Newark
Nottinghamshire
NG24 3SX





REGISTERED NUMBER: 01121991 (England and Wales)





ACCOUNTANTS: Xeinadin
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

Farndon Harbour Moorings Limited (Registered number: 01121991)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,127,206 1,157,489

CURRENT ASSETS
Stocks 218,215 252,127
Debtors 5 56,902 51,651
Cash at bank and in hand 594,544 474,565
869,661 778,343
CREDITORS
Amounts falling due within one year 6 592,414 523,547
NET CURRENT ASSETS 277,247 254,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,404,453

1,412,285

CREDITORS
Amounts falling due after more than one year 7 (117,996 ) (126,911 )

PROVISIONS FOR LIABILITIES (78,443 ) (83,953 )

ACCRUALS AND DEFERRED INCOME (1,080 ) (1,120 )
NET ASSETS 1,206,934 1,200,301

CAPITAL AND RESERVES
Called up share capital 175 175
Revaluation reserve 9 210,985 210,985
Retained earnings 995,774 989,141
SHAREHOLDERS' FUNDS 1,206,934 1,200,301

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

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

Farndon Harbour Moorings Limited (Registered number: 01121991)

Balance Sheet - continued
31 October 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 23 December 2024 and were signed by:





P Ainsworth - Director


Farndon Harbour Moorings Limited (Registered number: 01121991)

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

1. STATUTORY INFORMATION

Farndon Harbour Moorings 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.

Turnover
Turnover represents the sales of goods and services net of VAT. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included within creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Land is not depreciated. Freehold property is shown at market value based on a valuation in 1996. On the introduction of FRS102 this valuation has been considered to be deemed cost. Revaluation surpluses and deficits are recognised in the statement of other comprehensive income and the revaluation reserve. Deferred taxation is provided on these gains or losses at the rate expected to apply when the property is sold.

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

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.

Farndon Harbour Moorings Limited (Registered number: 01121991)

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

2. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants are credited to deferred revenue. Grants toward capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 1,109,331 747,569 1,856,900
Additions - 24,037 24,037
Disposals - (350 ) (350 )
At 31 October 2024 1,109,331 771,256 1,880,587
DEPRECIATION
At 1 November 2023 271,917 427,494 699,411
Charge for year 16,959 37,301 54,260
Eliminated on disposal - (290 ) (290 )
At 31 October 2024 288,876 464,505 753,381
NET BOOK VALUE
At 31 October 2024 820,455 306,751 1,127,206
At 31 October 2023 837,414 320,075 1,157,489

Farndon Harbour Moorings Limited (Registered number: 01121991)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1996 210,985 - 210,985
Cost 898,346 771,256 1,669,602
1,109,331 771,256 1,880,587

If land and buildings had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 898,346 898,346
Aggregate depreciation 288,877 271,917

The transitional provisions of Financial Reporting Standard 102 are being followed. Freehold land and buildings were revalued on 15 October 1996 and the valuation has not been updated since then.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 11,536 11,496
Other debtors 45,366 40,155
56,902 51,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 8,300 18,790
Trade creditors 234,727 89,648
Taxation and social security 24,072 61,275
Other creditors 325,315 353,834
592,414 523,547

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 117,996 126,911

Farndon Harbour Moorings Limited (Registered number: 01121991)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.24 31.10.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 84,796 95,711

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 126,296 145,701

The bank loan is secured by a legal charge over the land and buildings of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 210,985