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REGISTERED NUMBER: 08592667 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

FERRINGTON LTD

FERRINGTON LTD (REGISTERED NUMBER: 08592667)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FERRINGTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: O Shulman
S Ludmir





REGISTERED OFFICE: 123A Brooke Road
London
N16 7RJ





REGISTERED NUMBER: 08592667 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

FERRINGTON LTD (REGISTERED NUMBER: 08592667)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Investment property 4 460,000 460,000

CURRENT ASSETS
Debtors 5 100,010 101,572
Cash at bank 5,730 5,525
105,740 107,097
CREDITORS
Amounts falling due within one year 6 (21,181 ) (19,794 )
NET CURRENT ASSETS 84,559 87,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,559

547,303

CREDITORS
Amounts falling due after more than one
year

7

(293,007

)

(297,355

)

PROVISIONS FOR LIABILITIES (60,052 ) (43,449 )
NET ASSETS 191,500 206,499

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 180,155 208,157
Retained earnings 9 11,245 (1,758 )
SHAREHOLDERS' FUNDS 191,500 206,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FERRINGTON LTD (REGISTERED NUMBER: 08592667)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 14 July 2025 and were signed on its behalf by:





O Shulman - Director


FERRINGTON LTD (REGISTERED NUMBER: 08592667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Ferrington Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FERRINGTON LTD (REGISTERED NUMBER: 08592667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 460,000
NET BOOK VALUE
At 31 July 2024 460,000
At 31 July 2023 460,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2015 10,637
Valuation in 2017 169,569
Valuation in 2021 60,000
Valuation in 2022 219,794
460,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 2,446 -
Other debtors 97,564 101,572
100,010 101,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 6,516 7,055
Taxation and social security 184 93
Other creditors 14,481 12,646
21,181 19,794

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 293,007 297,355

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 280,500 280,500

Repayable by instalments
Bank loans more 5 yr by instal 12,507 16,855

FERRINGTON LTD (REGISTERED NUMBER: 08592667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 (1,758 ) 208,157 206,399
Deficit for the year (15,000 ) (15,000 )
Revaluation reserve 28,003 (28,002 ) 1
At 31 July 2024 11,245 180,155 191,400