FERGIE TIME LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11674987

FERGIE TIME LTD

Filleted Unaudited Financial Statements

30 November 2025

FERGIE TIME LTD

Statement of Financial Position

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	172,876	172,927

Current assets

Cash at bank and in hand	4	976

Creditors: amounts falling due within one year	5	49,746	52,570
		--------	--------
Net current liabilities		49,742	51,594
		---------	---------
Total assets less current liabilities		123,134	121,333

Creditors: amounts falling due after more than one year	6	124,324	124,324
		---------	---------
Net liabilities		( 1,190)	( 2,991)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 1,191)	( 2,992)
	-------	-------
Shareholders deficit	( 1,190)	( 2,991)
	-------	-------

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 income and retained earnings has not been delivered.

For the year ending 30 November 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 .

FERGIE TIME LTD

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 20 April 2026 , and are signed on behalf of the board by:

Mr J M C King

Director

Company registration number: 11674987

FERGIE TIME LTD

Notes to the Financial Statements

Year ended 30 November 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 13 Penman Close, St Albans, AL2 3DJ, England.

2. Statement of compliance

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

Going concern

As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £49,386 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Tangible assets

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

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:

	Fixtures and fittings	-	20% reducing balance

4. Tangible assets

	Long leasehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 December 2024 and 30 November 2025	172,674	910	173,584
	---------	----	---------
Depreciation
At 1 December 2024	–	657	657
Charge for the year	–	51	51
	---------	----	---------
At 30 November 2025	–	708	708
	---------	----	---------
Carrying amount
At 30 November 2025	172,674	202	172,876
	---------	----	---------
At 30 November 2024	172,674	253	172,927
	---------	----	---------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	49,746	52,570
	--------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	124,324	124,324
	---------	---------

The bank loan of £124,324 (2024 - £124,324) is secured by a legal mortgage over the company's property and negative pledge.