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Registration number: 00380904

Ferney Auto Engineering Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Ferney Auto Engineering Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 8

 

Ferney Auto Engineering Limited

Company Information

Directors

Paul Goodman Levy

Deborah Helen Levy

Annabel Levy

Vikki Levy

Company secretary

Deborah Helen Levy

Registered office

Lawford House
Albert Place
London
N3 1QA

Accountants

Sterlings Ltd
Chartered AccountantsLawford House
Albert Place
London
N3 1QA

 

Ferney Auto Engineering Limited

(Registration number: 00380904)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

3,882

2,104,746

Investment property

4

2,560,000

-

 

2,563,882

2,104,746

Current assets

 

Stocks

5

56,768

56,868

Debtors

6

17,093

38,178

Cash at bank and in hand

 

618,802

645,089

 

692,663

740,135

Creditors: Amounts falling due within one year

7

(38,867)

(61,507)

Net current assets

 

653,796

678,628

Total assets less current liabilities

 

3,217,678

2,783,374

Creditors: Amounts falling due after more than one year

7

(16,858)

(26,652)

Provisions for liabilities

(406,961)

-

Net assets

 

2,793,859

2,756,722

Capital and reserves

 

Called up share capital

8

9,450

9,450

Capital redemption reserve

762

762

Revaluation reserve

1,627,843

1,167,843

Profit and loss account

1,155,804

1,578,667

Shareholders' funds

 

2,793,859

2,756,722

 

Ferney Auto Engineering Limited

(Registration number: 00380904)
Balance Sheet as at 30 November 2024

For the financial year ending 30 November 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2025 and signed on its behalf by:
 

.........................................
Paul Goodman Levy
Director

 

Ferney Auto Engineering Limited

Statement of Changes in Equity for the Year Ended 30 November 2024

Share capital
£

Capital redemption reserve
£

Revaluation reserve
£

Profit and loss account
£

Total
£

At 1 December 2023

9,450

762

1,167,843

1,578,667

2,756,722

Profit for the year

-

-

-

39,137

39,137

Dividends

-

-

-

(2,000)

(2,000)

Transfers

-

-

460,000

(460,000)

-

At 30 November 2024

9,450

762

1,627,843

1,155,804

2,793,859

Share capital
£

Capital redemption reserve
£

Revaluation reserve
£

Profit and loss account
£

Total
£

At 1 December 2022

9,450

762

1,167,843

1,592,850

2,770,905

Loss for the year

-

-

-

(10,183)

(10,183)

Dividends

-

-

-

(4,000)

(4,000)

At 30 November 2023

9,450

762

1,167,843

1,578,667

2,756,722

 

Ferney Auto Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
England

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

3

Tangible assets

Land and buildings
£

Computer equipment
 £

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 December 2023

-

3,221

12,536

15,757

At 30 November 2024

-

3,221

12,536

15,757

Depreciation

At 1 December 2023

-

2,593

8,418

11,011

Charge for the year

-

126

738

864

At 30 November 2024

-

2,719

9,156

11,875

Carrying amount

At 30 November 2024

-

502

3,380

3,882

At 30 November 2023

2,100,000

628

4,118

2,104,746

Included within the net book value of land and buildings above is £Nil (2023 - £2,100,000) in respect of freehold land and buildings. The freehold properties are now reclassified as investment properties..
 

 

Ferney Auto Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Investment properties

2024
£

At 1 December

2,100,000

Fair value adjustments

460,000

At 30 November

2,560,000

The directors have reclassified the freehold properties as investment properties to show the true and fair view.
The historical cost of the investment properties were £932,157 (2024 - £932,157). Should all the investment properties be sold at the valuation shown, a tax charge not exceeding £406,961 (2024 - £291,961) would arise.

Investment properties have been revalued by an independent valuer Richard Summers MRICS of HRE Group Ltd on 30 September 2025.

5

Stocks

2024
£

2023
£

Other inventories

56,768

56,868

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

22,027

21,720

Amounts owed by related parties

9,368

8,708

Prepayments

 

4,275

4,275

Other debtors

 

(18,577)

3,475

   

17,093

38,178

 

Ferney Auto Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

217

428

Taxation and social security

1,888

1,653

Accruals and deferred income

7,361

4,750

Other creditors

29,401

54,676

38,867

61,507

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

16,858

26,652

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

9,450

9,450

9,450

9,450

       
 

Ferney Auto Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £0.21 (2023 - £0.42) per each Ordinary shares

2,000

4,000