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REGISTERED NUMBER: 02425597 (England and Wales)






















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: R Featherston





SECRETARY: Mrs P A Featherston





REGISTERED OFFICE: Unit 89
Kelleythorpe Industrial Estate
Driffield
East Yorkshire
YO25 9DJ





REGISTERED NUMBER: 02425597 (England and Wales)





ACCOUNTANTS: Smailes Goldie
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 9,400 9,400
Investment property 6 310,000 310,000
319,400 319,400

CURRENT ASSETS
Debtors 7 181,728 398,109
Cash at bank 796,780 460,891
978,508 859,000
CREDITORS
Amounts falling due within one year 8 40,888 56,275
NET CURRENT ASSETS 937,620 802,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,257,020

1,122,125

ACCRUALS AND DEFERRED INCOME 8,800 9,200
NET ASSETS 1,248,220 1,112,925

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 9 102,052 102,052
Retained earnings 1,116,168 980,873
SHAREHOLDERS' FUNDS 1,248,220 1,112,925

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

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

Richard Featherston (Holdings) Limited (Registered number: 02425597)

Balance Sheet - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th January 2025 and were signed by:





R Featherston - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - straight line over 10 years

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 12,041
DEPRECIATION
At 1st November 2023
and 31st October 2024 12,041
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 9,400
NET BOOK VALUE
At 31st October 2024 9,400
At 31st October 2023 9,400

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 310,000
NET BOOK VALUE
At 31st October 2024 310,000
At 31st October 2023 310,000

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 181,728 398,109

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,650 2,681
Other creditors 38,238 53,594
40,888 56,275

9. RESERVES
Revaluation
reserve
£   
At 1st November 2023
and 31st October 2024 102,052

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.