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Company registration number: 07911361
Fordy Marshall Limited
Unaudited filleted financial statements
31 March 2025
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Fordy Marshall Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Fordy Marshall Limited
Directors and other information
Directors Mr C R Fordy
Mrs B L Fordy (Appointed 1 January 2025)
Mr G O Fordy (Appointed 1 January 2025)
Company number 07911361
Registered office 17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Fordy Marshall Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Fordy Marshall Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fordy Marshall Limited for the year ended 31 March 2025 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Fordy Marshall Limited, as a body, in accordance with the terms of our engagement letter dated 22 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Fordy Marshall Limited and state those matters that we have agreed to state to the board of directors of Fordy Marshall Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fordy Marshall Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Fordy Marshall Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fordy Marshall Limited. You consider that Fordy Marshall Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Fordy Marshall Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
27 June 2025
Fordy Marshall Limited
Balance sheet
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 236,957 237,742
_______ _______
236,957 237,742
Current assets
Debtors 6 84,326 74,113
Cash at bank and in hand 181,502 190,884
_______ _______
265,828 264,997
Creditors: amounts falling due
within one year 7 ( 20,183) ( 35,990)
_______ _______
Net current assets 245,645 229,007
_______ _______
Total assets less current liabilities 482,602 466,749
Provisions for liabilities ( 1,357) ( 1,126)
_______ _______
Net assets 481,245 465,623
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 481,243 465,621
_______ _______
Shareholders funds 481,245 465,623
_______ _______
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr C R Fordy
Director
Company registration number: 07911361
Fordy Marshall Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 17 Central Buildings, Market Place, Thirsk, North Yorkshire, YO7 1HD.
The principal activity of the company is that of land and property consultants and land management.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 20 % reducing balance
Leasehold improvements - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 229,817 7,919 29,858 267,594
Additions - 889 - 889
_______ _______ _______ _______
At 31 March 2025 229,817 8,808 29,858 268,483
_______ _______ _______ _______
Depreciation
At 1 April 2024 - 4,985 24,867 29,852
Charge for the year - 676 998 1,674
_______ _______ _______ _______
At 31 March 2025 - 5,661 25,865 31,526
_______ _______ _______ _______
Carrying amount
At 31 March 2025 229,817 3,147 3,993 236,957
_______ _______ _______ _______
At 31 March 2024 229,817 2,934 4,991 237,742
_______ _______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 16,813 5,963
Other debtors 67,513 68,150
_______ _______
84,326 74,113
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 10,532 20,799
Social security and other taxes 3,995 9,250
Other creditors 5,656 5,941
_______ _______
20,183 35,990
_______ _______
8. Related party transactions
The director has made an interest free, unsecured loan to the company, which is repayable on demand. The balance due at 31 March 2025 and included in creditors was £567 (31 March 2024 - £3).
9. Controlling party
The company is under the control of the director and shareholder, Mr C R Fordy .