Three Feathers Limited - Filleted accounts

Three Feathers Limited
Registered number:		08684400
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		425,761			436,100

Current assets
Stocks		5,700			5,700
Cash at bank and in hand		7,188			22,230
		12,888			27,930

Creditors: amounts falling due within one year	4	(124,092)			(96,775)

Net current liabilities			(111,204)			(68,845)

Total assets less current liabilities			314,557			367,255

Creditors: amounts falling due after more than one year	5		(95,570)			(139,611)

Provisions for liabilities			(6,673)			(7,081)

Net assets			212,314			220,563

Capital and reserves
Called up share capital			100			100
Profit and loss account			212,214			220,463

Shareholders' funds			212,314			220,563

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 in accordance with the special provisions applicable to companies subject to the small companies regime in FRS 102 (Section 1A). The profit and loss account has not been delivered to the Registrar of Companies.




G J Hughes
Director

Approved by the board on 30 December 2025

Three Feathers Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	These accounts have been prepared in accordance with the small company regime in FRS 102 (section 1A). The accounts have been prepared on a going concern basis, under the historical cost convention, and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

	Freehold buildings	2% straight line
	Fixtures, fittings, tools and equipment	25% on reducing balance

	Government Grants
	Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			9		16



3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	480,466		116,203		596,669
	At 31 March 2025	480,466		116,203		596,669

	Depreciation
	At 1 April 2024	56,359		104,210		160,569
	Charge for the year	7,341		2,998		10,339
	At 31 March 2025	63,700		107,208		170,908

	Net book value
	At 31 March 2025	416,766		8,995		425,761
	At 31 March 2024	424,107		11,993		436,100


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			44,181		41,560
	Corporation tax			194		10,610
	Other taxes and social security costs			24,010		16,009
	Other creditors			55,707		28,596
				124,092		96,775


5	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loan			95,570		139,611


6	Loans			2025		2024
£					£
	Creditors include:
	Instalments falling due for payment after more than five years			3,945		13,248


	Secured bank loan			89,502		121,106

	The bank loan is secured by a fixed and floating charge over the company's assets, plus guarantees given by the directors.


7	Related party transactions

	In previous years the directors have loaned funds to the company. The total amount owing to the directors at the year-end was £49,524 (2024 : £22,524).


8	Controlling party

	The company is controlled by the two directors, Messrs G J Hughes and S T Roberts.


9	Other information

	Three Feathers Limited is a private company limited by shares and incorporated in England. Its registered office is 52 Well Street, Ruthin, Denbighshire LL15 1AW: