Ferryboat Howden Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12575121

Ferryboat Howden Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Ferryboat Howden Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Ferryboat Howden Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		285,000		285,000

Current assets

Debtors	6	153,332	196,392
Cash at bank and in hand		1,332	751
		----------	----------
		154,664	197,143

Creditors: amounts falling due within one year	7	( 394,587)		( 460,441)
		----------		----------
Net current liabilities			( 239,923)		( 263,298)
			----------		----------
Total assets less current liabilities			45,077		21,702
			--------		--------
Net assets			45,077		21,702
			--------		--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	45,076	21,701
	--------	--------
Shareholders funds	45,077	21,702
	--------	--------

These 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 statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ferryboat Howden Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 December 2025 , and are signed on behalf of the board by:

Mr P Askew
Director

Company registration number: 12575121

Ferryboat Howden Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Boothferry Road, Howden, East Yorkshire, DN14 7EF.

2. Statement of compliance

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

3. Accounting policies

(a) 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.

(b) Going concern

The Statement of Financial Position at 31 March 2025 shows net current liabilities of £239,923. This includes loan finance provided by related undertakings totalling £373,510. The directors have confirmed this support will continue for the foreseeable future and will, where necessary, be increased to enable the company to continue to continue normal trading operations. Following the challenges arising within the UK economy of rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine, the company's trading has been impacted to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it, and does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. Taking all these matters into account, the director has prepared these financial statements on a going concern basis.

(c) Revenue recognition

Income from rents receivable is recognised in accordance with the agreed terms of the relevant lease agreements.

(d) Income tax

The taxation expense represents the aggregate amount of current 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 be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(e) 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	-	None provided as detailed below

Depreciation is calculated so as to write off the costs or valuation of an asset, less its residual value, over the useful economic life of that asset. No depreciation is provided in respect of the freehold property as the company's property is stated at valuation. The director undertook an impairment review on the carrying value of freehold property in the accounts to 31 March 2023 and concluded that an impairment loss has arisen.

(f) Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

(g) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(h) Tangible assets

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

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	304,483
	----------
Depreciation & impairment
At 1 April 2024 and 31 March 2025	19,483
	----------
Carrying amount
At 31 March 2025	285,000
	----------
At 31 March 2024	285,000
	----------

Included within the above is investment property as follows:

	£
At 1 April 2024	304,483
Fair value adjustments	( 19,483)
	----------
At 31 March 2025	285,000
	----------

Freehold property was been valued by Clubleys Estate Agents, an independent valuer with a recognised and relevant professional qualification and with recent experience in the location and category of the property being valued, on the basis of open market value in accordance with the Appraisal and Valuation Manual of the Royal Institution of Chartered Surveyors in March 2023. The property has subsequently been valued in March 2025 by the director, who has experience in the location and category of the property being valued.

6. Debtors

	2025	2024
	£	£
Trade debtors	320	2,560
Amounts due from related undertakings	153,012	193,832
	----------	----------
	153,332	196,392
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	100	1,847
Corporation tax	7,152	5,960
Other creditors	387,335	452,634
	----------	----------
	394,587	460,441
	----------	----------

8. Related party transactions

During the year the director made a loan to the company . The loan is interest free and repayable on demand. At the year end date the balance due to the director totalled £nil (2024 £ 425,249 ).