REGISTERED NUMBER: |
Richard Featherston (Holdings) Limited |
Unaudited Financial Statements for the Year Ended 31st October 2024 |
REGISTERED NUMBER: |
Richard Featherston (Holdings) Limited |
Unaudited Financial Statements for the Year Ended 31st October 2024 |
Richard Featherston (Holdings) Limited (Registered number: 02425597) |
Contents of the Financial Statements |
for the year ended 31st October 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Richard Featherston (Holdings) Limited |
Company Information |
for the year ended 31st October 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Regent's Court |
Princess Street |
Hull |
East Yorkshire HU2 8BA |
Richard Featherston (Holdings) Limited (Registered number: 02425597) |
Balance Sheet |
31st October 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
ACCRUALS AND DEFERRED INCOME |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Richard Featherston (Holdings) Limited (Registered number: 02425597) |
Balance Sheet - continued |
31st October 2024 |
The financial statements were approved by the director and authorised for issue on |
Richard Featherston (Holdings) Limited (Registered number: 02425597) |
Notes to the Financial Statements |
for the year ended 31st October 2024 |
1. | STATUTORY INFORMATION |
Richard Featherston (Holdings) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Richard Featherston (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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 |
Plant and machinery | - |
Depreciation is not provided on freehold land and buildings as it is the company's policy to maintain the buildings to a standard whereby diminution in value is immaterial. The directors consider a depreciation charge calculated on a normal basis would not be material and hence is not provided. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
The company is adopting the transitional relief available to not revalue the investment properties. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
Richard Featherston (Holdings) Limited (Registered number: 02425597) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
Government grants |
Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated useful lives of the relevant fixed assets. The amount shown in the balance sheet on deferred government grants represent the total grants receivable to date less the amounts so far released to the profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1st November 2023 |
and 31st October 2024 |
DEPRECIATION |
At 1st November 2023 |
and 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
Richard Featherston (Holdings) Limited (Registered number: 02425597) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st November 2023 |
and 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
At 31 October 2024 the company had the following subsidiary: |
Name |
Type of shares held |
Proportion held |
Country of registration |
Principal activity |
Featherston Limited |
Ordinary |
100% |
England & Wales |
Electrical contracting |
The registered office of the above company is Kelleythorpe Industrial Estate, Driffield, East Yorkshire, YO25 9DJ. |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st November 2023 |
and 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
Included in fair value of investment property is freehold land of £ 310,000 (2023 - £ 310,000 ) which is not depreciated. |
Fair value at 31st October 2024 is represented by: |
£ |
Valuation in 2012 | 310,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 201,929 | 201,929 |
Aggregate depreciation | (19,494 | ) | (19,494 | ) |
The investment property was valued on an open market basis on 30th March 2012 by Garness Jones, Chartered Surveyors . |
Richard Featherston (Holdings) Limited (Registered number: 02425597) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2024 |
6. | INVESTMENT PROPERTY - continued |
The director does not consider the value to have changed significantly. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1st November 2023 |
and 31st October 2024 |
10. | RELATED PARTY DISCLOSURES |
Included within other creditors at 31st October 2024 is an amount of £37,108 (2023 £51,334) due to Mr and Mrs Featherston. |