Ferrybank Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04643786 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2021

for

FERRYBANK PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G P Goodwin

SECRETARY:

M A Goodwin

REGISTERED OFFICE:

Ferrybank Farm

Northampton Road

ORLINGBURY

Northamptonshire

NN14 1JF

REGISTERED NUMBER:

04643786 (England and Wales)

ACCOUNTANT:

Elsby & Co

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

FIXED ASSETS

Tangible assets

4

1,253

1,671

Investments

5

171,825

169,725

173,078

171,396

CURRENT ASSETS

Debtors

6

-

1,624

Cash at bank

10,995

15,060

10,995

16,684

CREDITORS

Amounts falling due within one year

7

965,189

897,288

NET CURRENT LIABILITIES

(954,194

)

(880,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(781,116

)

(709,208

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(781,216

)

(709,308

)

SHAREHOLDERS' FUNDS

(781,116

)

(709,208

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 27 October 2021 and were signed by:

G P Goodwin - Director

1.	STATUTORY INFORMATION

Ferrybank Properties 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.

Turnover

The company`s turnover represents the value, excluding value added tax, of subscriptions and prize monies received during the year. None of the company`s turnover relates to exports.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

10-20% on cost

Going concern

The accounting period was affected by the Coronavirus pandemic which has affected businesses worldwide. At the date of signing the company has continued trading and has received Government Support. However, the virus continues to have a major effect on UK society, as well as the ability of businesses to trade normally.

Based on the review, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 February 2020

and 31 January 2021

5,281

308

5,589

DEPRECIATION

At 1 February 2020

3,610

308

3,918

Charge for year

418

-

418

At 31 January 2021

4,028

308

4,336

NET BOOK VALUE

At 31 January 2021

1,253

-

1,253

At 31 January 2020

1,671

-

1,671

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2021

2020

£

£

Racehorses

169,725

145,515

Additions

2,100

24,210

171,825

169,725

The racehorses have been valued by the director at either cost where the horse is being raced, or at a nil value where the horse is no longer considered to be a winning proposition.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

VAT

-

548

Prepayments and accrued income

-

1,076

-

1,624

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

1,981

10,171

VAT

2,044

-

Directors' current accounts

959,614

885,567

Accrued expenses

1,550

1,550

965,189

897,288

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100