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REGISTERED NUMBER: 12370294 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 December 2023

for

Featherfoot Rawdon Limited

Featherfoot Rawdon Limited (Registered number: 12370294)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Featherfoot Rawdon Limited

Company Information
for the Year Ended 30 December 2023







DIRECTORS: E L Thompson
J K Taylor





REGISTERED OFFICE: Empire House
92-98 Cleveland street
Doncaster
DN1 3DP





REGISTERED NUMBER: 12370294 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Featherfoot Rawdon Limited (Registered number: 12370294)

Statement of Financial Position
30 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 3 8,445,584 4,226,281
Debtors 4 60,846 211,370
8,506,430 4,437,651
CREDITORS
Amounts falling due within one year 5 (6,983,581 ) (3,086,074 )
NET CURRENT ASSETS 1,522,849 1,351,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,522,849

1,351,577

CREDITORS
Amounts falling due after more than one
year

6

(1,540,673

)

(1,263,011

)
NET (LIABILITIES)/ASSETS (17,824 ) 88,566

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 8 (17,834 ) 88,556
SHAREHOLDERS' FUNDS (17,824 ) 88,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:



E L Thompson - Director


Featherfoot Rawdon Limited (Registered number: 12370294)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

GOING CONCERN
The directors have considered the basis of preparation of the financial statements and have concluded that it is appropriate to prepare these on the going concern basis based on forecasts for at least 12 months from signing of the financial statements due to support from ultimate parent company.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

3. STOCKS
2023 2022
£    £   
Stocks 8,445,584 4,226,281

Featherfoot Rawdon Limited (Registered number: 12370294)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 60,846 60,846
Amounts owed by associates - 34,269
Other debtors - 114,563
VAT - 1,692
60,846 211,370

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 120 6,695
Amounts owed to group undertakings 6,962,026 2,271,803
Amounts owed to associates - 807,563
VAT 21,421 -
Other creditors 14 13
6,983,581 3,086,074

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1 to 2 year 1,489,730 1,225,635
Bank loans 2 to 5 years 120 20,084
Bank loans more than 5 years 50,823 17,292
1,540,673 1,263,011

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 50,823 17,292

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 0.1 10 10
1 Ordinary B 0.1 - -
10 10

Featherfoot Rawdon Limited (Registered number: 12370294)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

8. RESERVES
Retained
earnings
£   

At 31 December 2022 88,556
Deficit for the year (106,390 )
At 30 December 2023 (17,834 )

9. RELATED PARTY DISCLOSURES

As at year end, following amounts were owed to and owed by the related parties:

During the year, total £6,825,963 owed to the entities where there is common ultimate parent company.

During the year, total £60,846 owed by the entities where there is common ultimate parent company.

During the year, £473,624 were written off as bad debt in profit & loss account that was owed to related party where there is common ultimate parent company.

During the year, £813,018 were written back as bad debt in profit & loss account that was owed to related party where Paul Rothwell is the common director.

During the year, £34,229 were written back as bad debt in profit & loss account that was owed by related party where Paul Rothwell is the common director.

10. CONTROLLING PARTY

The immediate parent undertaking of the company is Featherfoot Rawdon Holdings Limited, a company registered in England and Wales.

The ultimate parent undertaking is Feather Foot Holdings Limited, a company registered in England and Wales. Accounts can be obtained from Empire House, 92-98 Cleveland Street, Doncaster, United Kingdom, DN1 3DP.