Accounts Submission

FERNACRE SOLUTIONS LIMITED - Company Information

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Company Registration Number:
04568395 (England and Wales)

Unaudited statutory accounts for the year ended 20 October 2019

Period of accounts

Start date: 21 October 2018

End date: 20 October 2019

Contents of the Financial Statements

for the Period Ended 20 October 2019


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

Directors' Report Period Ended 20 October 2019

The directors present their report with the financial statements of the company for the period ended 20 October 2019

Principal Activities

Computer and Management Consultancy services and rental income.

Directors

The directors shown below have held office during the whole of the period from 21 October 2018 to 20 October 2019
Felix Joseph Ferns

Secretary
Hun Yoong Ferns

This report was approved by the board of directors on 20 July 2020
And Signed On Behalf Of The Board By:

Name: Felix Joseph Ferns
Status: Director

Balance sheet

As at 20 October 2019

	Notes	2019 £	2018 £
Fixed assets
Tangible assets:	4	251,935	407,384
Total fixed assets:		251,935	407,384
Current assets
Cash at bank and in hand:		930	431
Total current assets:		930	431
Creditors: amounts falling due within one year:	5	( 290,264 )	( 296,642 )
Net current assets (liabilities):		( 289,334 )	( 296,211 )
Total assets less current liabilities:		( 37,399 )	111,173
Creditors: amounts falling due after more than one year:	6	( 263,491 )	( 385,545 )
Total net assets (liabilities):		( 300,890 )	( 274,372 )

The notes form part of these financial statements

Balance sheet continued

As at 20 October 2019

	2019 £	2018 £
Capital and reserves
Called up share capital:	2	2
Profit and loss account:	( 300,892 )	( 274,374 )
Shareholders funds:	( 300,890 )	( 274,372 )

For the year ending 20 October 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 July 2020
And Signed On Behalf Of The Board By:

Name: Felix Joseph Ferns
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 20 October 2019

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Notes to the Financial Statements

for the Period Ended 20 October 2019

2. Employees

	2019	2018
Average number of employees during the period	0	0

Notes to the Financial Statements

for the Period Ended 20 October 2019

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 20 October 2019

4. Tangible assets

	Land & buildings	Fixtures & fittings	Office equipment	Total
Cost	£	£	£	£
At 21 October 2018	407,384	-	-	407,384
Additions	-	-	-	-
Disposals	(155,449)	-	-	(155,449)
Revaluations	-	-	-	-
Transfers	-	-	-	-
At 20 October 2019	251,935	-	-	251,935
Depreciation
At 21 October 2018	-	-	-	-
Charge for year	-	-	-	-
On disposals	-	-	-	-
Other adjustments	-	-	-	-
At 20 October 2019	-	-	-	-
Net book value
At 20 October 2019	251,935	-	-	251,935
At 20 October 2018	407,384	-	-	407,384

No Depreciation is being provided for Property

Notes to the Financial Statements

for the Period Ended 20 October 2019

5.Creditors: amounts falling due within one year note

	2019 £	2018 £
Other creditors	290,264	296,642
Total	290,264	296,642

Notes to the Financial Statements

for the Period Ended 20 October 2019

6.Creditors: amounts falling due after more than one year

	2019 £	2018 £
Bank loans and overdrafts	263,491	385,545
Total	263,491	385,545

Bank loans are mortgages for properties

Director:		Felix Joseph Ferns


Secretary:		Hun Yoong Ferns


Registered office:		30 Simons Close Crowborough East Sussex TN6 2XU


Company Registration Number:		04568395 (England and Wales)

Accounts Submission