REGISTERED NUMBER: 04878803 (England and Wales)

Fernbank Advertising Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P A Harrison

Mrs J A Harrison

Miss C R Harrison

A T Harrison

R A Harrison

SECRETARY:

Mrs J A Harrison

REGISTERED OFFICE:

Unit 2 Dunheved Court

Pennygillam Way

LAUNCESTON

Cornwall

PL15 7ED

REGISTERED NUMBER:

04878803 (England and Wales)

ACCOUNTANTS:

ATC Advisors

Chartered Accountants

Unit 2 Dunheved Court

Pennygillam Way

LAUNCESTON

Cornwall

PL15 7ED

FIXED ASSETS

Tangible assets

4

324,616

296,205

Investments

5

30,500

30,500

355,116

326,705

CURRENT ASSETS

Stocks

110,113

208,105

Debtors

6

903,423

895,578

Cash at bank and in hand

858,273

604,528

1,871,809

1,708,211

CREDITORS

Amounts falling due within one year

7

360,041

403,796

NET CURRENT ASSETS

1,511,768

1,304,415

TOTAL ASSETS LESS CURRENT LIABILITIES

1,866,884

1,631,120

CREDITORS

Amounts falling due after more than one year

8

-

(42,303

)

PROVISIONS FOR LIABILITIES

(78,674

)

(69,985

)

NET ASSETS

1,788,210

1,518,832

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,788,110

1,518,732

SHAREHOLDERS' FUNDS

1,788,210

1,518,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by:

P A Harrison - Director

1.	STATUTORY INFORMATION

Fernbank Advertising Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of goods and services, excluding value added tax. Income from the sale of shelters is recognised immediately, and the costs related to those sales is included within cost of sales. Advertising income is recognised over the period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 25 years

Plant and machinery

-

33% on cost, 25% on reducing balance and 15% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

92,233

1,154,754

152,970

1,399,957

Additions

10,148

22,925

55,517

88,590

At 31 August 2025

102,381

1,177,679

208,487

1,488,547

DEPRECIATION

At 1 September 2024

5,931

1,017,528

80,293

1,103,752

Charge for year

3,918

41,219

15,042

60,179

At 31 August 2025

9,849

1,058,747

95,335

1,163,931

NET BOOK VALUE

At 31 August 2025

92,532

118,932

113,152

324,616

At 31 August 2024

86,302

137,226

72,677

296,205

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

30,500

NET BOOK VALUE

At 31 August 2025

30,500

At 31 August 2024

30,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

363,407

470,401

Amounts owed by group undertakings

195,724

195,724

Other debtors

344,292

229,453

903,423

895,578

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

52,694

41,424

Taxation and social security

236,293

271,173

Other creditors

71,054

91,199

360,041

403,796

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

42,303

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

50,000

50,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

P A Harrison and Mrs J A Harrison

Balance outstanding at start of year

165,650

123,198

Amounts advanced

166,529

57,005

Amounts repaid

(85,207

)

(14,553

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

246,972

165,650

Interest has been charged at the HM Revenue & Customs approved rate.

11.	ULTIMATE CONTROLLING PARTY

The Company is a wholly owned subsidiary of Fernbank Limited.