Company registration number 02397594 (England and Wales)
FERNDOWN COURT (FORDINGBRIDGE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
FERNDOWN COURT (FORDINGBRIDGE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FERNDOWN COURT (FORDINGBRIDGE) LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,313
7,313
Current assets
Debtors
4
84
98
Net current assets
84
98
Total assets less current liabilities
7,397
7,411
Creditors: amounts falling due after more than one year
5
(7,313)
(7,313)
Net assets
84
98
Reserves
Income and expenditure account
84
98
Total members' funds
84
98
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 27 June 2025 and are signed on its behalf by:
Mrs F Glisson
Director
Company registration number 02397594 (England and Wales)
FERNDOWN COURT (FORDINGBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
Ferndown Court (Fordingbridge) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 13 Elizabeth House, Fordingbridge Business Park, Fordingbridge, SP6 1BZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Income and expenditure
All transactions in the year relating to the maintenance of the common areas in accordance with the lease are shown in separate service charge accounts for the property that do not form part of the annual accounts of the company are are not filed at Companies House. All service charge monies received from the residents of the property are held on trust for the residents in accordance with the provisions of Section 42 of the Landlord and Tenant Act 1987.
1.3
Tangible fixed assets
Depreciation is not provided on property. Although this accounting policy is in accordance with the Financial Reporting Standard 102, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view.
Freehold land and buildings
not provided for
1.4
Taxation
No liability to UK corporation tax arose for the year ended 31 October 2023 nor for the year ended 31 October 2022.
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
FERNDOWN COURT (FORDINGBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 and 31 October 2024
7,313
Depreciation and impairment
At 1 November 2023 and 31 October 2024
Carrying amount
At 31 October 2024
7,313
At 31 October 2023
7,313
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
84
98
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
7,313
7,313
6
Members' liability
The company is limited by guarantee and is guaranteed by 8 members.