REGISTERED NUMBER: 03707839 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FERRARI PRESS AGENCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Gillham

J Gillham

SECRETARY:

J Gillham

REGISTERED OFFICE:

102 Greenvale Road

Eltham

London

SE9 1PF

REGISTERED NUMBER:

03707839 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

4

641

855

CURRENT ASSETS

Debtors

5

4,264

9,949

Cash at bank

5,951

12,540

10,215

22,489

CREDITORS

Amounts falling due within one year

6

(9,678

)

(19,359

)

NET CURRENT ASSETS

537

3,130

TOTAL ASSETS LESS CURRENT LIABILITIES

1,178

3,985

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,078

3,885

SHAREHOLDERS' FUNDS

1,178

3,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 11 September 2025 and were signed on its behalf by:

A J Gillham - Director

1.	STATUTORY INFORMATION

Ferrari Press Agency 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.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

31,133

55,758

86,891

DEPRECIATION

At 1 April 2024

30,717

55,319

86,036

Charge for year

104

110

214

At 31 March 2025

30,821

55,429

86,250

NET BOOK VALUE

At 31 March 2025

312

329

641

At 31 March 2024

416

439

855

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,578

4,387

Other debtors

686

5,562

4,264

9,949

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(1

)

2

Taxation and social security

6,905

13,627

Other creditors

2,774

5,730

9,678

19,359

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A J Gillham

Balance outstanding at start of year

2,096

13,411

Amounts advanced

16,000

2,096

Amounts repaid

(18,096

)

(13,411

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,096