Farriess Court Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05641304

Farriess Court Limited

Filleted Unaudited Abridged Financial Statements

30 November 2024

Farriess Court Limited

Abridged Financial Statements

Year Ended 30 November 2024

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Farriess Court Limited

Abridged Statement of Financial Position

30 November 2024

	2024	2023
Note	£	£

Fixed Assets

Tangible assets	6	924,725	938,288

Current Assets

Stocks	500	500
Debtors	165,743	117,875
Cash at bank and in hand	–	1,034
	---------	---------
	166,243	119,409

Creditors: amounts falling due within one year	371,138	320,559
	---------	---------
Net Current Liabilities	204,895	201,150
	---------	---------
Total Assets Less Current Liabilities	719,830	737,138

Creditors: amounts falling due after more than one year	443,870	499,167

Provisions	3,399	4,148
	---------	---------
Net Assets	272,561	233,823
	---------	---------

Capital and Reserves

Called up share capital	8	2	2
Profit and loss account		272,559	233,821
		---------	---------
Shareholders Funds		272,561	233,823
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 30 November 2024 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 abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

Farriess Court Limited

Abridged Statement of Financial Position (continued)

30 November 2024

These abridged financial statements were approved by the board of directors and authorised for issue on 2 October 2025 , and are signed on behalf of the board by:

Mr A W Heath

Director

Company registration number: 05641304

Farriess Court Limited

Notes to the Abridged Financial Statements

Year Ended 30 November 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA. The business address is 103 Boulton Lane, Alvaston, Derby, DE24 0FF

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the income statement represents residents fees earned during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	1% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and net realisable value.

Government grants

Government and local authority grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model.

Financial instruments

Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 26 (2023: 26 ).

5. Intangible assets

	£
Cost
At 1 December 2023 and 30 November 2024	175,000
	---------
Amortisation
At 1 December 2023 and 30 November 2024	175,000
	---------
Carrying amount
At 30 November 2024	–
	---------
At 30 November 2023	–
	---------

6. Tangible assets

	£
Cost
At 1 December 2023	1,115,516
Additions	2,000
	------------
At 30 November 2024	1,117,516
	------------
Depreciation
At 1 December 2023	177,228
Charge for the year	15,563
	------------
At 30 November 2024	192,791
	------------
Carrying amount
At 30 November 2024	924,725
	------------
At 30 November 2023	938,288
	------------

7. Secured liabilities

The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £443,870 (2023: £547,130).

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

9. Exceptional items

Included in exceptional items is a credit of £80,342 (2023: £nil) relating to the write off of balances with entities within the Ashe Group.

10. Directors' advances, credits and guarantees

Loans to the directors during the year were as follows:

	Balance as at 1 December 2023	Advances in the year	Repaid in the year	Balance at 30 November 2024
	£	£	£	£
A W Heath and S M Heath	869	2	–	871

11. Related party transactions

During the year the company provided and received loans from related parties. The balances outstanding due from/(to) related parties at 30 November 2024 were as follows:

	2024	2023
	£	£
Amounts owed to entities under common control	(3,000)	(86,690)
Amounts due from entities under common control	139,128	105,559
Amounts due from entities holding a controlling interest	–	2

Outstanding balances with entities are unsecured, interest free and repayable on demand.

12. Controlling party

The company is a wholly owned subsidiary of Ashe Group (UK) Limited, a company incorporated and registered in England and Wales. The registered office address is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA and copy accounts can be found at Companies House.