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REGISTERED NUMBER: 03519924 (England and Wales)















Unaudited Financial Statements

for the Period 30 May 2023 to 28 May 2024

for

Fearnhead Residential Limited

Fearnhead Residential Limited (Registered number: 03519924)






Contents of the Financial Statements
for the Period 30 May 2023 to 28 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fearnhead Residential Limited

Company Information
for the Period 30 May 2023 to 28 May 2024







DIRECTORS: Mr R J M Jackson
Mr S R L McAuley
Mr J D McAuley





SECRETARY: Mr S R L McAuley





REGISTERED OFFICE: Krakowia Saltburn Road
Brotton
Saltburn By The Sea
Cleveland
TS12 2PJ





REGISTERED NUMBER: 03519924 (England and Wales)





ACCOUNTANTS: Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
YO21 1QL

Fearnhead Residential Limited (Registered number: 03519924)

Balance Sheet
28 May 2024

28.5.24 29.5.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,320
Tangible assets 5 842,034 389,912
842,034 393,232

CURRENT ASSETS
Debtors 6 286,016 194,746
Cash at bank and in hand 29,181 336,202
315,197 530,948
CREDITORS
Amounts falling due within one year 7 439,509 152,368
NET CURRENT (LIABILITIES)/ASSETS (124,312 ) 378,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

717,722

771,812

CREDITORS
Amounts falling due after more than one
year

8

(259,302

)

(292,897

)

PROVISIONS FOR LIABILITIES (6,140 ) (5,430 )
NET ASSETS 452,280 473,485

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 451,980 473,185
SHAREHOLDERS' FUNDS 452,280 473,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 May 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.

Fearnhead Residential Limited (Registered number: 03519924)

Balance Sheet - continued
28 May 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 28 May 2025 and were signed on its behalf by:




Mr S R L McAuley - Director



Mr R J M Jackson - Director


Fearnhead Residential Limited (Registered number: 03519924)

Notes to the Financial Statements
for the Period 30 May 2023 to 28 May 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fearnhead Residential Limited (Registered number: 03519924)

Notes to the Financial Statements - continued
for the Period 30 May 2023 to 28 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 May 2023
and 28 May 2024 73,200
AMORTISATION
At 30 May 2023 69,880
Amortisation for period 3,320
At 28 May 2024 73,200
NET BOOK VALUE
At 28 May 2024 -
At 29 May 2023 3,320

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 30 May 2023 411,757 7,412 114,306 533,475
Additions 465,717 - - 465,717
At 28 May 2024 877,474 7,412 114,306 999,192
DEPRECIATION
At 30 May 2023 58,810 7,387 77,366 143,563
Charge for period 4,354 6 9,235 13,595
At 28 May 2024 63,164 7,393 86,601 157,158
NET BOOK VALUE
At 28 May 2024 814,310 19 27,705 842,034
At 29 May 2023 352,947 25 36,940 389,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.5.24 29.5.23
£    £   
Trade debtors 115,703 25,796
Amounts owed by group undertakings 170,313 167,113
Other debtors - 1,837
286,016 194,746

Fearnhead Residential Limited (Registered number: 03519924)

Notes to the Financial Statements - continued
for the Period 30 May 2023 to 28 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.5.24 29.5.23
£    £   
Trade creditors 32,984 2,814
Amounts owed to group undertakings 2,000 -
Taxation and social security 120,772 110,890
Other creditors 283,753 38,664
439,509 152,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.5.24 29.5.23
£    £   
Other creditors 259,302 292,897