Registered number
00439969
A. Fersht Limited
Filleted Accounts
30 September 2024
A. Fersht Limited
Registered number: 00439969
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 3 300,000 300,000
Current assets
Cash at bank and in hand 5,239 5,599
Creditors: amounts falling due within one year 4 (5,460) (5,580)
Net current (liabilities)/assets (221) 19
Total assets less current liabilities 299,779 300,019
Provisions for liabilities (43,700) (43,700)
Net assets 256,079 256,319
Capital and reserves
Called up share capital 2,667 2,667
Capital redemption reserve 1,333 1,333
Revaluation reserve 5 68,463 68,463
Profit and loss account 183,616 183,856
Shareholders' funds 256,079 256,319
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.
R Voss
Director
Approved by the board on 27 May 2025
A. Fersht 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.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investment property 2024 2023
£ £
B/fwd 300,000 300,000
Additions - -
Revaluation - -
Transfers to/from tangible fixed assets - -
Disposals - -
300,000 300,000
The fair value of the property has been arrived at on the basis of a valuation carried out by the Director Mr R Voss who is not a qualifed valuer on 30.09.2021. There has been no movement at 30.09.2024.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 4,728 4,860
Other creditors 732 720
5,460 5,580
5 Revaluation reserve 2024 2023
£ £
At 1 October 2023 68,463 68,463
At 30 September 2024 68,463 68,463
6 Other information
A. Fersht Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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