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Registration number: 14788301

Ferrix Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

Ferrix Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ferrix Properties Limited

Company Information

Directors

Mr M Stephenson

Mrs K Stephenson

Registered office

Suite 1, Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

Accountants

Bright Partnership Limited
Suite 1 Armcon Business Park,
London Road South
Poynton
Cheshire
SK12 1LQ

 

Ferrix Properties Limited

(Registration number: 14788301)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

605,831

605,831

Current assets

 

Cash at bank and in hand

 

604

994

Creditors: Amounts falling due within one year

5

(373,865)

(375,439)

Net current liabilities

 

(373,261)

(374,445)

Total assets less current liabilities

 

232,570

231,386

Creditors: Amounts falling due after more than one year

5

(227,636)

(227,636)

Net assets

 

4,934

3,750

Capital and reserves

 

Called up share capital

2

2

Revaluation reserve

8,953

8,953

Retained earnings

(4,021)

(5,205)

Shareholders' funds

 

4,934

3,750

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:
 

.........................................
Mrs K Stephenson
Director

 

Ferrix Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

Ferrix Properties Limited 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.

These financial statements were authorised for issue by the Board on 29 July 2025.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

 

Ferrix Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

 

Ferrix Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4

Investment Property

Investment Property
£

Total
£

Cost or valuation

At 1 May 2024

605,831

605,831

At 30 April 2025

605,831

605,831

Depreciation

Carrying amount

At 30 April 2025

605,831

605,831

At 30 April 2024

605,831

605,831

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

278

-

Other creditors

373,587

375,439

373,865

375,439

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Other creditors

227,636

227,636

6

Reserves

Revaluation reserve
£

Total
£

Revaluation reserve unrealised

8,953

8,953