| Joseph Ferraro Properties Limited |
| Registered number: |
14877790 |
| Balance Sheet |
| as at 31 May 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
555,378 |
|
|
555,378 |
|
| Current assets |
| Cash at bank and in hand |
|
|
3,832 |
|
|
67 |
|
|
|
3,832 |
|
|
67 |
|
| Creditors: amounts falling due within one year |
4 |
|
(257,975) |
|
|
(258,898) |
|
| Net current liabilities |
|
|
|
(254,143) |
|
|
(258,831) |
|
| Total assets less current liabilities |
|
|
|
301,235 |
|
|
296,547 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(364,925) |
|
|
(371,437) |
|
|
| Net liabilities |
|
|
|
(63,690) |
|
|
(74,890) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(63,691) |
|
|
(74,891) |
|
| Shareholders' funds |
|
|
|
(63,690) |
|
|
(74,890) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| J Ferraro |
| Director |
| Approved by the board on 5 September 2025 |
|
| Joseph Ferraro Properties Limited |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
|
| 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 represents rental income received in the year. |
|
|
Tangible fixed assets |
|
The company owns one building which is used for both commrcial and residential purposes. The property is not being depreciated because the director believes that it's value is not reducing. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 June 2024 |
555,378 |
|
Additions |
- |
|
At 31 May 2025 |
555,378 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2024 |
- |
|
At 31 May 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2025 |
555,378 |
|
At 31 May 2024 |
555,378 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
34,868 |
|
34,868 |
|
Directot loan account |
222,598 |
|
223,539 |
|
Other creditors |
509 |
|
491 |
|
|
|
|
|
|
257,975 |
|
258,898 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
364,925 |
|
371,437 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
162,229 |
|
197,097 |
|
|
|
|
|
|
162,229 |
|
197,097 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Joseph Ferraro Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Sandbeck Close |
|
Wetherby |
|
LS22 7UA |