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Registration number: 01815891

Ferrymoss Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Ferrymoss Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Ferrymoss Limited

Company Information

Directors

Mr H E P Dubrau

Mrs J F Dubrau

Mr D P F Dubrau

Ms E J F Simpson

Company secretary

Mrs J F Dubrau

Registered office

65 East Street
Bridport
Dorset
DT6 3LB

Accountants

Scott Vevers Ltd
Chartered Accountants
and Registered Auditors
65 East Street
Bridport
Dorset
DT6 3LB

 

Ferrymoss Limited

(Registration number: 01815891)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,432

9,014

Investment property

1,746,992

1,744,177

 

1,756,424

1,753,191

Current assets

 

Debtors

5

350,000

350,000

Cash at bank and in hand

 

11,587

30,965

 

361,587

380,965

Prepayments and accrued income

 

663

480

Creditors: Amounts falling due within one year

(12,159)

(12,774)

Net current assets

 

350,091

368,671

Total assets less current liabilities

 

2,106,515

2,121,862

Accruals and deferred income

 

(11,458)

(2,000)

Net assets

 

2,095,057

2,119,862

Capital and reserves

 

Called up share capital

7

50,000

50,000

Retained earnings

2,045,057

2,069,862

Shareholders' funds

 

2,095,057

2,119,862

 

Ferrymoss Limited

(Registration number: 01815891)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 May 2025 and signed on its behalf by:
 

.........................................

Mr H E P Dubrau

Director

 

Ferrymoss Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ferrymoss Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

-25% reducing balance

Motor vehicles

-25% reducing balance

Fixtures & fittings

-20% reducing balance

Office equipment

-25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Ferrymoss Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

29,158

1,899

1,826

32,883

Additions

2,872

-

-

2,872

At 31 December 2024

32,030

1,899

1,826

35,755

Depreciation

At 1 January 2024

20,949

1,418

1,502

23,869

Charge for the year

2,253

120

81

2,454

At 31 December 2024

23,202

1,538

1,583

26,323

Carrying amount

At 31 December 2024

8,828

361

243

9,432

At 31 December 2023

8,209

481

324

9,014

 

Ferrymoss Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Investment properties

2024
£

At 1 January

1,744,177

Additions

2,815

At 31 December

1,746,992

The valuation of the investment property and land was made by Mr H Dubrau, a director and shareholder of the company. The latest external valuation of the property took place in April 2023 by Stags.
No depreciation is provided in respect of the property and land.

5

Debtors

Debtors includes £350,000 (2023 - £350,000) due after more than one year.

The director, Mr D Dubrau, is also the director and sole shareholder of the company Lyntonwood Limited.

During the year, the company paid Lyntonwood Limited for bookkeeping services of £7,500 (2023 - £6,900), management fees of £15,300 (2023 - £9,000), maintenance charges of £16,325 (2023 - £9,000), purchases of £nil (2023 - £1,226) and fixed asset additions of £2,500 (2023 - £nil).

At the 31 December 2024, Lyntonwood Limited owed the company £350,000 (2023 - £350,000). Interest of £14,875 (2023 - £13,635) has been paid by Lyntonwood Limited to the company. The interest rate is based on the Bank of England base rate.

The directors believe that the above transactions are at market value and on no more favourable than normal commercial terms.

During the year ended 31 December 2024, the company has paid their Xero subscription of £2,250 (2023 - £1,800), via Lyntonwood Limited, who manage the subscription on behalf of the company, at a rate above prevailing market value. These payments have been reviewed, and the directors are considering appropriate measures to ensure that future transactions are conducted on an arm’s length basis in line with market conditions.

 

Ferrymoss Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

50,000

50,000

50,000

50,000