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REGISTERED NUMBER: 04811128 (England and Wales)















Financial Statements for the Period 1 April 2023 to 30 June 2024

for

Fordinghall Limited

Fordinghall Limited (Registered number: 04811128)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fordinghall Limited

Company Information
for the Period 1 April 2023 to 30 June 2024







DIRECTORS: B Dunner
Mrs N Dunner





REGISTERED OFFICE: Derwent House, Lakeside Court
Fifth Avenue Business Park
Team Valley Trading Estate
Gateshead
Tyne and Wear
NE11 0NL





REGISTERED NUMBER: 04811128 (England and Wales)





ACCOUNTANTS: Rosenthal & Co
Chartered Accountants
74 Whitehall Road
Gateshead
Tyne and Wear
NE8 4ET

Fordinghall Limited (Registered number: 04811128)

Balance Sheet
30 June 2024

30.6.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,362 21,221
Investment property 5 10,450,313 10,404,190
10,505,675 10,425,411

CURRENT ASSETS
Debtors 6 1,095,030 1,277,401
Cash at bank 410,102 1,474,185
1,505,132 2,751,586
CREDITORS
Amounts falling due within one year 7 532,436 500,061
NET CURRENT ASSETS 972,696 2,251,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,478,371

12,676,936

CREDITORS
Amounts falling due after more than one
year

8

5,611,393

7,465,359
NET ASSETS 5,866,978 5,211,577

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,866,977 5,211,576
5,866,978 5,211,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Fordinghall Limited (Registered number: 04811128)

Balance Sheet - continued
30 June 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 20 January 2025 and were signed on its behalf by:





B Dunner - Director


Fordinghall Limited (Registered number: 04811128)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024

1. STATUTORY INFORMATION

Fordinghall 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.

Turnover
Turnover represents rents receivable in the period.

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 - 25% on reducing balance and 15% 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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2023 - 12 ) .

Fordinghall Limited (Registered number: 04811128)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 59,431
Additions 73,816
Disposals (59,431 )
At 30 June 2024 73,816
DEPRECIATION
At 1 April 2023 38,210
Charge for period 18,454
Eliminated on disposal (38,210 )
At 30 June 2024 18,454
NET BOOK VALUE
At 30 June 2024 55,362
At 31 March 2023 21,221

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 10,404,190
Additions 1,956,392
Disposals (1,910,269 )
At 30 June 2024 10,450,313
NET BOOK VALUE
At 30 June 2024 10,450,313
At 31 March 2023 10,404,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.3.23
£    £   
Trade debtors 161,778 130,068
Other debtors 933,252 1,147,333
1,095,030 1,277,401

Fordinghall Limited (Registered number: 04811128)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.3.23
£    £   
Bank loans and overdrafts 188,500 270,600
Taxation and social security 204,696 104,597
Other creditors 139,240 124,864
532,436 500,061

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 31.3.23
£    £   
Bank loans 4,021,761 5,875,727
Other creditors 1,589,632 1,589,632
5,611,393 7,465,359

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 31.3.23
£    £   
Bank loans 4,210,261 6,146,327

The bank loans are secured against the companys investment property.

10. RELATED PARTY DISCLOSURES

The company was under the control of Mr & Mrs Dunner throughout the current period and previous year. Mr & Mrs Dunner own the entire issued share capital of the company.

During the period the company paid dividends of £41,000 to each of the directors.

At the balance sheet date the following amounts were outstanding on loans given to the company:-

Fontmerry Limited £1,589,632

This loan is interest free with no fixed repayment date.