REGISTERED NUMBER: 01995879 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FERNLEA KENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E R Cook

L R W Cook

REGISTERED OFFICE:

Broomfield Works

Fernfield Lane

Hawkinge

FOLKESTONE

Kent

CT18 7AW

REGISTERED NUMBER:

01995879 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

68,269

61,701

Investment property

5

1,510,000

1,510,000

1,578,269

1,571,701

CURRENT ASSETS

Debtors

6

16,253

22,964

Investments

7

1,365,343

1,366,607

Cash at bank

812,503

953,721

2,194,099

2,343,292

CREDITORS

Amounts falling due within one year

8

110,546

170,093

NET CURRENT ASSETS

2,083,553

2,173,199

TOTAL ASSETS LESS CURRENT LIABILITIES

3,661,822

3,744,900

PROVISIONS FOR LIABILITIES

42,568

49,834

NET ASSETS

3,619,254

3,695,066

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

3,618,254

3,694,066

SHAREHOLDERS' FUNDS

3,619,254

3,695,066

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 8 December 2025 and were signed on its behalf by:

E R Cook - Director

1.	STATUTORY INFORMATION

Fernlea Kent 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Revenue is recognised when the company obtains a right to consideration in exchange for its performance and is measured at fair value.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance and 5% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Pension costs and other post-retirement benefits

The company contributes to the defined contribution pension schemes for directors and employees. Contributions payable to the schemes 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

75,050

26,151

3,234

104,435

Additions

-

16,000

-

16,000

At 31 March 2025

75,050

42,151

3,234

120,435

DEPRECIATION

At 1 April 2024

30,074

11,441

1,219

42,734

Charge for year

4,604

4,324

504

9,432

At 31 March 2025

34,678

15,765

1,723

52,166

NET BOOK VALUE

At 31 March 2025

40,372

26,386

1,511

68,269

At 31 March 2024

44,976

14,710

2,015

61,701

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,510,000

NET BOOK VALUE

At 31 March 2025

1,510,000

At 31 March 2024

1,510,000

The investment property was valued at the year end by the directors on an open market basis.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

366,258

Valuation in 2023

238,319

Cost

905,423

1,510,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,673

22,964

Other debtors

2,580

-

16,253

22,964

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

1,365,343

1,366,607

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

61

105

Social security and other taxes

2,936

2,155

VAT

-

2,969

Other creditors

5,250

5,000

Directors' current accounts

102,299

159,864

110,546

170,093

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

RESERVES

Included within the retained earnings is a non-distributable amount of £566,466 (2024 - £566,466) which relates to the revaluation gains on the investment property.