Registered number
13032474
Ferroal Limited
Unaudited Filleted Accounts
30 November 2024
Ferroal Limited
Registered number: 13032474
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 128,023 128,023
Current assets
Cash at bank and in hand 3,354 1,591
Creditors: amounts falling due within one year 4 (52,874) (47,551)
Net current liabilities (49,520) (45,960)
Total assets less current liabilities 78,503 82,063
Creditors: amounts falling due after more than one year 5 (77,369) (78,418)
Net assets 1,134 3,645
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,034 3,545
Shareholders' funds 1,134 3,645
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.
A Ferro
Director
Approved by the board on 8 July 2025
Ferroal Limited
Notes to the Accounts
for the year ended 30 November 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 consists of rental income and is measured at the fair value of the consideration received or receivable, net of discounts and vat.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and investment property, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2023 128,023
At 30 November 2024 128,023
Depreciation
At 30 November 2024 -
Net book value
At 30 November 2024 128,023
At 30 November 2023 128,023
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,088 10,088
Taxation and social security costs 3 18
Other creditors 42,783 37,445
52,874 47,551
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 77,369 78,418
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 37,955 38,115
Secured bank loan 87,458 88,506
The loan is secured on the investment property.
7 Valuation of Investment Property
The director carried out a year end review of the carrying value of the companys investment property and considers that no change is required to the current valuation.
8 Other information
Ferroal Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Word Hill
Harborne
Birmingham
B17 8TS
Ferroal Limited 13032474 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts April 2025 A Ferro No description of principal activity 13032474 2022-12-01 2023-11-30 13032474 core:WithinOneYear 2023-11-30 13032474 core:AfterOneYear 2023-11-30 13032474 core:ShareCapital 2023-11-30 13032474 core:RetainedEarningsAccumulatedLosses 2023-11-30 13032474 2023-12-01 2024-11-30 13032474 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13032474 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13032474 bus:Director40 2023-12-01 2024-11-30 13032474 1 2023-12-01 2024-11-30 13032474 2 2023-12-01 2024-11-30 13032474 countries:England 2023-12-01 2024-11-30 13032474 bus:FRS102 2023-12-01 2024-11-30 13032474 bus:FilletedAccounts 2023-12-01 2024-11-30 13032474 2024-11-30 13032474 core:WithinOneYear 2024-11-30 13032474 core:AfterOneYear 2024-11-30 13032474 core:ShareCapital 2024-11-30 13032474 core:RetainedEarningsAccumulatedLosses 2024-11-30 13032474 core:LandBuildings 2024-11-30 13032474 2023-11-30 13032474 core:LandBuildings 2023-11-30 iso4217:GBP xbrli:pure