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Registered number: 11442343
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UNAUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
31 JULY 2025
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WEYMOUTH FERRYBRIDGE LIMITED
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WEYMOUTH FERRYBRIDGE LIMITED
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COMPANY INFORMATION
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WEYMOUTH FERRYBRIDGE LIMITED
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CONTENTS
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Statement of financial position
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Notes to the financial statements
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WEYMOUTH FERRYBRIDGE LIMITED
REGISTERED NUMBER:11442343
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STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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WEYMOUTH FERRYBRIDGE LIMITED
REGISTERED NUMBER:11442343
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2025
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 5 form part of these financial statements.
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WEYMOUTH FERRYBRIDGE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Weymouth Ferrybridge Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and trading address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
At the balance sheet date the company shows a deficiency of total liabilities over total assets of £5,637,562 (2024 - £3,664,678). The company has assesed future expected cash flows forecasts covering a period of at least twelve months from the date of approval of these financial statements. These forecasts assume continued financial support from the shareholders and principal lenders and the successful realisation of the property development. The directors have received confirmation that existing funding facilities will continue to be made available as required and, accordingly, have prepared the financial statements on a going concern basis.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Work in progress costs incurred on a property development project are stated at the lower of cost and net realisable value, being the expected selling price less costs to complete and sell. Cost is based on the costs incurred.
At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
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The average monthly number of employees, including directors, during the year was 3 (2024 -3).
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WEYMOUTH FERRYBRIDGE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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The following liabilities were secured:
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Details of security provided:
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Debenture loans are secured by way of legal charges over the assets of the company.
The Bounce back loan is secured by way of security given by the U.K. Government.
Other bank loans are secured by way of legal charges over the assets of the company.
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WEYMOUTH FERRYBRIDGE LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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