REGISTERED NUMBER: 04131426 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

FERGUSON HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Ferguson

Mrs L M Ferguson

SECRETARY:

Mrs L M Ferguson

REGISTERED OFFICE:

36 Hurst Lane

Bollington

Cheshire

SK10 5LT

REGISTERED NUMBER:

04131426 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Charles House

Beam Heath Way

Nantwich

Cheshire

CW5 6PQ

FIXED ASSETS

Investment property

4

2,100,000

2,100,000

CURRENT ASSETS

Debtors

5

12

2

Cash at bank

119,292

110,588

119,304

110,590

CREDITORS

Amounts falling due within one year

6

80,656

71,687

NET CURRENT ASSETS

38,648

38,903

TOTAL ASSETS LESS CURRENT LIABILITIES

2,138,648

2,138,903

CAPITAL AND RESERVES

Called up share capital

165,000

165,000

Undistributable reserves

552,418

552,418

Retained earnings

1,421,230

1,421,485

SHAREHOLDERS' FUNDS

2,138,648

2,138,903

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 9th April 2019 and were signed on its behalf by:

R Ferguson - Director

1.	STATUTORY INFORMATION

Ferguson Holdings 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rental income, excluding value added tax.

Investment properties

Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from

changes in fair values is recognised in undistributable reserves.

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2018

and 31st December 2018

2,100,000

NET BOOK VALUE

At 31st December 2018

2,100,000

At 31st December 2017

2,100,000

The investment properties were revalued by the director at 31 December 2016 base on recommendations

received from CPC Services Chartered Surveyors and Salloway Commercial Estate Agents. The historical costs

of the investment properties are £1,547,582.

If the investment properties were sold at their revalued amounts it is not anticipated that any taxation charge

would result.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

12

2

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

41,521

40,045

Other creditors

39,135

31,642

80,656

71,687

7.	PARENT UNDERTAKING

The parent undertaking is Poundwater Limited, and its registered office is 36 Hurst Lane, Bollington,

Macclesfield, Cheshire, SK10 5LT.