ACCOUNTS - Final Accounts

FERNS UTILITIES LIMITED - Company Information

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06913260

FERNS UTILITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MAY 2023

FERNS UTILITIES LIMITED

REGISTERED NUMBER:06913260

BALANCE SHEET

AS AT 31 MAY 2023

	2023	2022
Note	£	£

Fixed assets
Investments	3	1	1
Total assets less current liabilities		1	1

Net assets		1	1

Capital and reserves
Called up share capital	1	1
	1	1

For the year ended 31 May 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

I D Fern

Director

Date: 26 February 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

FERNS UTILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

1.	General information

Ferns Utilities Limited is a private company limited by shares and incorporated and domiciled in England and Wales. The Company's registered office and principal place of business is Tutsham Farm, West Farleigh, Maidstone, Kent, ME15 0NE. The Company's principal activity is that of a intermediate holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Amounts in these financial statements are presented in sterling and are rounded to the nearest whole £1.

2.2

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 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

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

This information is included in the consolidated financial statements of Ferns Group Limited as at 31 May 2023 and these financial statements may be obtained from Companies House.

2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

2.4

Going concern

Following the hive up of the Company's investments, after the year end, into Ferns Group Limited, the ultimate parent company, the directors intend to strike off the Company. The directors do not therefore consider the Company to be a going concern and these financial statements have been prepared on a basis other than going concern. Specifically, fixed asset investments have been valued at the lower of cost less accumulated impairment and the recoverable amount.

2.5

Valuation of investments

Investments in subsidiaries are measured at the lower of cost less accumulated impairment and the recoverable amount.

Page 2

FERNS UTILITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 June 2022 and 31 May 2023	1

4.	Controlling party

The Company's immediate parent is Ferns Group Limited, a company incorporated in England and Wales which has the following registered office address:
Tutsham Farm
West Farleigh
Maidstone
Kent
ME15 0NE
Ferns Group Limited prepares group consolidated financial statements and copies can be obtained from Companies House.
The ultimate controlling party remains unchanged and is I D Fern, by virtue of his shareholding in the ulitmate parent company.

Page 3