Featherleaf Limited - Filleted accounts


FEATHERLEAF LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024



































Company Registration Number: 14327371

FEATHERLEAF LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 7

FEATHERLEAF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024


DIRECTOR

F E Alcock


REGISTERED OFFICE

184 Park Drive
Milton
Abingdon
Oxfordshire
OX14 4SE


COMPANY REGISTRATION NUMBER

14327371 England and Wales

FEATHERLEAF LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024


	Notes	2024		2023
				As restated
		£		£

FIXED ASSETS
Investments	6		387,500		387,500

CURRENT ASSETS
Debtors	7	5,248		5,000
Cash at bank and in hand		4,637		10,035


		9,885		15,035

CREDITORS: Amounts falling due within one year	8	10,446		14,539
CREDITORS: Amounts falling due within one year


NET CURRENT (LIABILITIES) / ASSETS			(561)		496


NET ASSETS			386,939		387,996


CAPITAL AND RESERVES
Called up share capital			100		100
Distributable profit and loss account			386,839		387,896


SHAREHOLDER'S FUNDS			386,939		387,996

FEATHERLEAF LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




F E Alcock
Director

Date approved by the board: 8 September 2025

FEATHERLEAF LIMITED

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


1	GENERAL INFORMATION

	Featherleaf Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	184 Park Drive
	Milton
	Abingdon
	Oxfordshire
	OX14 4SE

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Investments

	Investments in subsidiaries are shown at cost less accumulated impairment losses.

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.


	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

FEATHERLEAF LIMITED

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

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4	RESTATEMENT OF COMPARATIVES

	The comparative figures have been restated to reflect the recognition of £387,500 as consideration paid for the acquisition of a subsidiary and £387,500 as dividends received from that subsidiary. The impact has been to increase net assets by £387,500 and the distributable profit and loss account by £387,500. This has had no impact on corporation tax.

FEATHERLEAF LIMITED

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


5	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year / period was:

		2024	2023
	Average number of employees	1	1


6	FIXED ASSET INVESTMENTS
			Investment in subsidiary
			As restated
			£
	Cost
	At 1 January 2024		387,500


	At 31 December 2024		387,500


	Net book value
	At 1 January 2024		387,500


	At 31 December 2024		387,500


7	DEBTORS
		2024	2023
		£	£
	Other debtors	5,248	5,000


8	CREDITORS: Amounts falling due within one year
		2024	2023
		£	£
	Taxation and social security	-	93
	Accruals and deferred income	750	750
	Other creditors	9,696	13,696


		10,446	14,539

FEATHERLEAF LIMITED

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


9	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Oxford Biosystems Limited		Subsidiary

	During the year / period, the following transactions with related parties took place:

	F E Alcock
	Director			2024	2023
				£	£
	Advances from director	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year / period end, the company owed the director the following amount:		9,696	13,696