Fennerly (Uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11006269 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 10 OCTOBER 2017 TO 31 OCTOBER 2018

FOR

FENNERLY (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Fenner

REGISTERED OFFICE:

Warners Solicitors

16 South Park

Sevenoaks

Kent

TN13 1AN

REGISTERED NUMBER:

11006269 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EE

CURRENT ASSETS

Stocks

4

244,335

CREDITORS

Amounts falling due within one year

5

1,380

NET CURRENT ASSETS

242,955

TOTAL ASSETS LESS CURRENT LIABILITIES

242,955

CREDITORS

Amounts falling due after more than one year

6

244,334

NET LIABILITIES

(1,379

)

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

(1,380

)

SHAREHOLDERS' FUNDS

(1,379

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved and authorised for issue by the director on 21 May 2019 and were signed by:

P Fenner - Director

1.	STATUTORY INFORMATION

Fennerly (Uk) 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.

Going Concern

Accounting standards require the director to consider the appropriateness of the going concern basis when

preparing the financial statements. The director confirms that they consider that the going concern basis remains

appropriate. The director believes that the company has sufficient resources to continue in operational existence

for the foreseeable future. The director believes this to be the case as the company has the support of the

director and no significant long term liabilities. Thus they continue to adopt the going concern basis of

accounting in preparing the annual financial statements.

Stocks

Stocks represents associated costs of land development. These are held at the lower of cost and net realisable

value.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet 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 period 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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice

of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three

months from the date of acquisition and that are readily convertible to known accounts of cash with no significant

risk of change in value.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic

of Ireland":

- the requirements of Section 7 Statement of Cash Flows;

- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);

- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

STOCKS

£

Stocks

244,335

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accruals and deferred income

1,380

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other loans (see note 7)

232,532

Other creditors

11,802

244,334

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

232,532

The other loan is secured via a fixed charge over land held within stock.

7.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

232,532

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

9.

RESERVES

Retained

earnings

£

Deficit for the period

(1,380

)

At 31 October 2018

(1,380

)