FERNHILL_HOUSE_LIMITED - Accounts

FERNHILL HOUSE LIMITED - Company Information

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Company Registration No. 09153160 (England and Wales)

FERNHILL HOUSE LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2015

FERNHILL HOUSE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FERNHILL HOUSE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

2,567,154

Current assets

Debtors

17,441

Cash at bank and in hand

191,638

209,079

Creditors: amounts falling due within one year

(14,833)

Net current assets

194,246

Total assets less current liabilities

2,761,400

Creditors: amounts falling due after more than one year

(2,764,399)

(2,999)

Capital and reserves

Called up share capital

Profit and loss account

(3,000)

Shareholders' funds

(2,999)

For the financial Period ended 30 September 2015 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 financial statements for the Period in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 April 2016

Mr S Oakes

Director

Company Registration No. 09153160

FERNHILL HOUSE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

At 30 September 2015 the balance sheet showed net liabilities of £2,999. The directors do not consider there to be a going concern issue due to support provided by the parent company Fernhill Holdings Limited.

1.2

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold Land and buildings

45 years straight line on cost

Depreciation is not provided for assets under construction and is only recognised when the asset is bought in to use.

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of Fernhill House Holdings Limited, a company incorporated in England and Wales.

Fixed assets

Tangible assets

Cost

At 30 July 2014

Additions

2,567,154

At 30 September 2015

2,567,154

Share capital

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

During the period 1 Ordinary share of £1 each were allotted and fully paid at par for cash consideration to provide initial working capital.

FERNHILL HOUSE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2015

- 3 -

Ultimate parent company

The ultimate parent company is Fernhill House Holdings Limited, a company registered in England and Wales.