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REGISTERED NUMBER: 05870888 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

NETHERFERRY ESTATES LTD

NETHERFERRY ESTATES LTD (REGISTERED NUMBER: 05870888)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NETHERFERRY ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: A M Wilkin





REGISTERED OFFICE: 2A Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ





REGISTERED NUMBER: 05870888 (England and Wales)





ACCOUNTANTS: Smith Wilson Limited
2A Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ

NETHERFERRY ESTATES LTD (REGISTERED NUMBER: 05870888)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 317 496
Investment property 5 549,250 549,250
549,567 549,746

CURRENT ASSETS
Cash at bank and in hand 1,589 2,889

CREDITORS
Amounts falling due within one year 6 375,302 369,537
NET CURRENT LIABILITIES (373,713 ) (366,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,854

183,098

PROVISIONS FOR LIABILITIES 42,054 42,054
NET ASSETS 133,800 141,044

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,700 140,944
SHAREHOLDERS' FUNDS 133,800 141,044

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





A M Wilkin - Director


NETHERFERRY ESTATES LTD (REGISTERED NUMBER: 05870888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Netherferry Estates Ltd 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.

Turnover
Turnover represents rental income charged on the letting of investment properties, excluding value added tax.

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

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 year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

NETHERFERRY ESTATES LTD (REGISTERED NUMBER: 05870888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 4,990 8,591 13,581
DEPRECIATION
At 1 August 2023 4,712 8,373 13,085
Charge for year 125 54 179
At 31 July 2024 4,837 8,427 13,264
NET BOOK VALUE
At 31 July 2024 153 164 317
At 31 July 2023 278 218 496

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 549,250
NET BOOK VALUE
At 31 July 2024 549,250
At 31 July 2023 549,250

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2012 93,183
Valuation in 2017 126,750
Cost 329,317
549,250

If the investment properties held had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 329,317 329,317

The investment properties were valued on an open market basis on 31 July 2017 by the company Director. .

NETHERFERRY ESTATES LTD (REGISTERED NUMBER: 05870888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 192,284 191,584
Loan - R Smith 21,000 18,000
Directors' current accounts 160,816 158,816
Accruals and deferred income 1,202 1,137
375,302 369,537