Registered number
01438765
FERNDALE COURT RESIDENTS LIMITED
Unaudited Filleted Accounts
30 September 2024
FERNDALE COURT RESIDENTS LIMITED
Registered number: 01438765
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,990 1,990
Current assets
Debtors 4 2,588 2,065
Cash at bank and in hand 4,397 3,301
6,985 5,366
Creditors: amounts falling due within one year 5 (585) (575)
Net current assets 6,400 4,791
Net assets 8,390 6,781
Capital and reserves
Called up share capital 6 6
Share premium 1,984 1,984
Revaluation reserve 6 640 640
Profit and loss account 5,760 4,151
Shareholders' funds 8,390 6,781
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Faid
Director
Approved by the board on 18 March 2025
FERNDALE COURT RESIDENTS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A position of mutuality exist between the shareholders of the company. Consequently, there is no liability to corporation tax on the profit of a non-trading nature.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 1,990
At 30 September 2024 1,990
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 1,990
At 30 September 2023 1,990
4 Debtors 2024 2023
£ £
Other debtors 2,588 2,065
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 585 575
6 Revaluation reserve 2024 2023
£ £
At 1 October 2023 640 640
At 30 September 2024 640 640
7 Controlling party
The company was controlled throughout the year by the six shareholders by virtue of the fact that they own all of the ordinary shares.
8 Other information
FERNDALE COURT RESIDENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Ferndale Court
Westcombe Park Rd
London
SE3 7QU
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