Ferlyn Estates Ltd - Filleted accounts

Registered number

08164013

Ferlyn Estates Ltd

Filleted Accounts

31 July 2025

Gatley Read

Chartered Accountants

18/19 Salmon Fields Business Village

Royton

Oldham

OL2 6HT

Ferlyn Estates Ltd
Registered number:		08164013
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,740,500			4,132,500

Current assets
Cash at bank and in hand		4,594			5,171

Creditors: amounts falling due within one year	4	(48,051)			(47,865)

Net current liabilities			(43,457)			(42,694)

Total assets less current liabilities			4,697,043			4,089,806

Creditors: amounts falling due after more than one year	5		(3,481,465)			(3,060,368)



Net assets			1,215,578			1,029,438

Capital and reserves
Called up share capital			240			240
Revaluation reserve	6		1,475,683			1,199,264
Profit and loss account			(260,345)			(170,066)

Shareholders' funds			1,215,578			1,029,438

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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Ferris
Director
Approved by the board on 28 April 2026

Ferlyn Estates Ltd
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost plus surplus on revaluation less any accumulative impairment losses and depreciation. Depreciation is not provided on land and buildings as the directors consider that the carrying value of these assets in the accounts remains in excess of original cost. Depreciation is provided on all tangible assets, other than land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	over 4 years

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Computer equipment		Total
£			£		£
	Cost
	At 1 August 2024	4,132,500		1,499		4,133,999
	Additions	331,581		-		331,581
	Surplus on revaluation	276,419		-		276,419
	At 31 July 2025	4,740,500		1,499		4,741,999

	Depreciation
	At 1 August 2024	-		1,499		1,499
	At 31 July 2025	-		1,499		1,499

	Net book value
	At 31 July 2025	4,740,500		-		4,740,500
	At 31 July 2024	4,132,500		-		4,132,500


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

	Bank loans and overdrafts			6,426		8,150
	Accruals and Deferred income			41,625		39,715
				48,051		47,865


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

	Bank loans			3,268,205		2,873,890
	Other creditors			213,260		186,478
				3,481,465		3,060,368


6	Revaluation reserve			2025		2024
£					£

	At 1 August 2024			1,199,264		1,049,063
	Gain on revaluation of land and buildings			276,419		150,201

	At 31 July 2025			1,475,683		1,199,264


7	Other information

	Ferlyn Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	18/19 Salmon Fields
	Business Village
	Royton
	Oldham
	OL2 6HT