Ferriby Hall Properties Limited 30/04/2025 iXBRL

Company registration number: 02601405

Ferriby Hall Properties Limited

Unaudited filleted financial statements

30 April 2025

Ferriby Hall Properties Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Ferriby Hall Properties Limited

Directors and other information


Directors	Mr David Wilbraham
	Mr Timothy Healey	(Resigned 4 September 2024)
	Mr Thomas Healey	(Resigned 4 September 2024)


Secretary	David Wilbraham


Company number	02601405


Registered office	Ferriby Hall
	High Street
	North Ferriby
	HU14 3JP

Ferriby Hall Properties Limited

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	7,062,500		11,125,000
Investments	5	-		112,725
		_______		_______
			7,062,500		11,237,725

Current assets
Debtors	6	263,289		52,092
Cash at bank and in hand		406,707		572,852
		_______		_______
		669,996		624,944
Creditors: amounts falling due
within one year	7	( 226,715)		( 456,479)
		_______		_______
Net current assets			443,281		168,465
			_______		_______
Total assets less current liabilities			7,505,781		11,406,190

Creditors: amounts falling due
after more than one year	8		( 1,500,000)		( 3,000,000)

Provisions for liabilities			( 860,086)		( 1,061,769)

			_______		_______
Net assets			5,145,695		7,344,421
			_______		_______

Capital and reserves
Called up share capital			40,000		40,000
Revaluation reserve			1,182,402		3,429,124
Capital redemption reserve			-		860,000
Fair value reserve			-		3,117,594
Profit and loss account			3,923,293		( 102,297)
			_______		_______
Shareholders funds			5,145,695		7,344,421
			_______		_______

For the year ending 30 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 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 financial statements.

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.

These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:

Mr David Wilbraham

Director

Company registration number: 02601405

Ferriby Hall Properties Limited

Statement of changes in equity

Year ended 30 April 2025

	Called up share capital	Revaluation reserve	Capital redemption reserve	Fair value reserve	Profit and loss account	Total
	£	£	£	£	£	£


At 1 May 2023	40,000	3,429,124	860,000	3,372,419	( 560,545)	7,140,998

Profit for the year					203,423	203,423
Other comprehensive income for the year:
Reclassification from fair value reserve to profit and loss account				(254,825)	254,825	-
	_______	_______	_______	_______	_______	_______
Total comprehensive income for the year	-	-	-	( 254,825)	458,248	203,423

	_______	_______	_______	_______	_______	_______
At 30 April 2024 and 1 May 2024	40,000	3,429,124	860,000	3,117,594	( 102,297)	7,344,421

Profit for the year					217,693	217,693
Other comprehensive income for the year:
Revaluation of tangible assets		1,182,402				1,182,402
Reclassification from revaluation reserve to profit and loss account		( 3,429,124)			3,429,124	-
Reclassification from fair value reserve to profit and loss account				(3,117,594)	3,117,594	-
User defined other comprehensive income movement 1	-	-	(860,000)	-	860,000	-
Tax relating to components of other comprehensive income		-		-	631,280	631,280
	_______	_______	_______	_______	_______	_______
Total comprehensive income for the year	-	( 2,246,722)	( 860,000)	( 3,117,594)	8,255,691	2,031,375

Dividends paid and payable					( 4,230,101)	( 4,230,101)
	_______	_______	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	-	-	( 4,230,101)	( 4,230,101)

	_______	_______	_______	_______	_______	_______
At 30 April 2025	40,000	1,182,402	-	-	3,923,293	5,145,695
	_______	_______	_______	_______	_______	_______

Ferriby Hall Properties Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Ferriby Hall, High Street, North Ferriby, HU14 3JP.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is rental income arising from operating leases on investment properties.

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax the company expects 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 that have originated but not reversed at the reporting date using the tax rates and laws tht have been enacted or substantively enacted by that date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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	-	Nil %	straight line

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

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

4. Tangible assets

	Freehold property	Total
	£	£
Cost or valuation
At 1 May 2024	11,125,000	11,125,000
Revaluation	1,576,536	1,576,536
Transfers	( 5,639,036)	( 5,639,036)
	_______	_______
At 30 April 2025	7,062,500	7,062,500
	_______	_______
Depreciation
At 1 May 2024 and 30 April 2025	-	-
	_______	_______
Carrying amount
At 30 April 2025	7,062,500	7,062,500
	_______	_______
At 30 April 2024	11,125,000	11,125,000
	_______	_______

5. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 May 2024	4,438,639	4,438,639
Disposals	( 4,438,639)	( 4,438,639)
	_______	_______
At 30 April 2025	-	-
	_______	_______
Impairment
At 1 May 2024	4,325,914	4,325,914
Disposals	( 4,325,914)	( 4,325,914)
	_______	_______
At 30 April 2025	-	-
	_______	_______
Carrying amount
At 30 April 2025	-	-
	_______	_______
At 30 April 2024	112,725	112,725
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	-	27,721
Other debtors	263,289	24,371
	_______	_______
	263,289	52,092
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	46	297
Corporation tax	111,981	152,729
Social security and other taxes	23,177	40,852
Other creditors	91,511	262,601
	_______	_______
	226,715	456,479
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,500,000	3,000,000
	_______	_______

The loan is secured by a legal charge over the freehold investment properties and by fixed and floating charges over the whole of the company's assets.