Registration number: 00985896

Fernview Estates Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Fernview Estates Limited

Company Information

Directors

M Katz Emma Katz

Registered office

C/O Sterlings Ltd Lawford House Albert Place London N3 1QA

Accountants

Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

Fernview Estates Limited

(Registration number: 00985896)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,404	4,004
Other financial assets	5	2,460	2,460
		6,864	6,464
Current assets
Stocks	6	533,140	117,703
Debtors	7	173,310	137,687
Cash at bank and in hand		131,251	29,527
		837,701	284,917
Creditors: Amounts falling due within one year	8	(170,602)	(24,103)
Net current assets		667,099	260,814
Net assets		673,963	267,278
Capital and reserves
Called up share capital	9	35,000	35,000
Profit and loss account		638,963	232,278
Shareholders' funds		673,963	267,278

For the financial year ending 5 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 and 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 30 October 2025 and signed on its behalf by:
 

......................................... M Katz Director

Fernview Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Sterlings Ltd
Lawford House
Albert Place
London
N3 1QA
England

The principal place of business is:
1C Market Place
Falloden Way
London
NW11 6LB

These financial statements were authorised for issue by the Board on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Fernview Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fernview Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Fernview Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Properties under construction  £	Total £
Cost or valuation
At 6 April 2024	1,900	4,004	5,904
Additions	500	-	500
At 5 April 2025	2,400	4,004	6,404
Depreciation
At 6 April 2024	1,900	-	1,900
Charge for the year	100	-	100
At 5 April 2025	2,000	-	2,000
Carrying amount
At 5 April 2025	400	4,004	4,404
At 5 April 2024	-	4,004	4,004

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 6 April 2024	2,460	2,460
At 5 April 2025	2,460	2,460
Impairment
Carrying amount
At 5 April 2025	2,460	2,460

Fernview Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

6

Stocks

	2025 £	2024 £
Other inventories	533,140	117,703

7

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	10	173,310	-
Other debtors		-	137,687
		173,310	137,687

Fernview Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	142,136	18,648
Accruals and deferred income	2,340	2,340
Other creditors	26,126	3,115
	170,602	24,103

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	35,000	35,000	35,000	35,000

10	Related party transactions

During the year, the reporting entity had related party transactions with companies in the name of Mesh Properties Ltd and Harvco Limited. They are related by common shareholders and directors.

During the year, the reporting entity received services of £4,500 (2024 - £18,000) from Mesh Properties Ltd.

At balance sheet date £173,310 (2024 - £103,310) was owed from Mesh Properties Ltd. £22,873 (2024 - £34,379 owed from) was owed to Harvco Limited.