REGISTERED NUMBER: 04632498 (England and Wales)

Ferndale Limited

Unaudited Financial Statements for the Year Ended 28 February 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R P Baker

SECRETARY:

Miss S E Kemp

REGISTERED OFFICE:

1 High Street

Sheerness

Kent

ME12 1NY

REGISTERED NUMBER:

04632498 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

1 High Street

Sheerness

Kent

ME12 1NY

FIXED ASSETS

Tangible assets

4

69,285

73,805

CURRENT ASSETS

Inventories

290,829

-

Debtors

5

4,272

4,422

Cash at bank

9,304

133,641

304,405

138,063

CREDITORS

Amounts falling due within one year

6

292,656

109,712

NET CURRENT ASSETS

11,749

28,351

TOTAL ASSETS LESS CURRENT LIABILITIES

81,034

102,156

CREDITORS

Amounts falling due after more than one year

7

-

(7,769

)

PROVISIONS FOR LIABILITIES

(2,183

)

(3,436

)

NET ASSETS

78,851

90,951

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

78,849

90,949

78,851

90,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 August 2026 and were signed by:

R P Baker - Director

1.	STATUTORY INFORMATION

Ferndale 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income recognition

Income represents the fair value received and receivable in respect of the sale of residential housing and land (excluding value added tax). This is recognised on the transfer of control to the customer on legal completion. Profit is recognised on legal completion.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Inventories

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

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 by the statement of financial position date.

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 by the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2025

and 28 February 2026

55,723

40,440

96,163

DEPRECIATION

At 1 March 2025

-

22,358

22,358

Charge for year

-

4,520

4,520

At 28 February 2026

-

26,878

26,878

NET BOOK VALUE

At 28 February 2026

55,723

13,562

69,285

At 28 February 2025

55,723

18,082

73,805

Included in cost of land and buildings is freehold land of £ 55,723 (2025 - £ 55,723 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

4,272

4,422

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,500

10,000

Hire purchase contracts

523

3,325

Taxation and social security

1,835

9,558

Other creditors

287,798

86,829

292,656

109,712

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

7,500

Hire purchase contracts

-

269

-

7,769

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

523

-

Hire purchase agreements are secured against the relevant assets.