REGISTERED NUMBER: 01573192 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

HARRY FERGUSON HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J R Sheldon

Mrs S J Sheldon

SECRETARY:

Mrs S J Sheldon

REGISTERED OFFICE:

Kings Manor Farm

Copse Lane

Freshwater

Isle of Wight

PO409TL

REGISTERED NUMBER:

01573192 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

3

1,674

2,512

Investments

4

2,673,073

3,036,633

2,674,747

3,039,145

CURRENT ASSETS

Debtors

5

1,509,668

1,065,767

Cash at bank

283,231

5,939

1,792,899

1,071,706

CREDITORS

Amounts falling due within one year

6

509,066

480,013

NET CURRENT ASSETS

1,283,833

591,693

TOTAL ASSETS LESS CURRENT LIABILITIES

3,958,580

3,630,838

PROVISIONS FOR LIABILITIES

115,812

80,716

NET ASSETS

3,842,768

3,550,122

CAPITAL AND RESERVES

Called up share capital

2,390

2,390

Fair value reserve

493,724

344,107

Retained earnings

3,346,654

3,203,625

SHAREHOLDERS' FUNDS

3,842,768

3,550,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 September 2018 and were signed on its behalf by:

T J R Sheldon - Director

1.	STATUTORY INFORMATION

Harry 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover represents income from fixed asset investments, excluding Vat.

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 etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Investments

Listed investments are included at fair value. Gains are recognised in the Income Statement. Deferred taxation is

provided on these gains at the rate expected to apply when the investments are sold.

Other investments are valued at cost less impairment.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

11,219

DEPRECIATION

At 1 January 2017

8,707

Charge for year

838

At 31 December 2017

9,545

NET BOOK VALUE

At 31 December 2017

1,674

At 31 December 2016

2,512

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2017

1,415

3,047,220

3,048,635

Additions

-

25,078

25,078

Disposals

-

(581,488

)

(581,488

)

Revaluations

-

192,850

192,850

At 31 December 2017

1,415

2,683,660

2,685,075

PROVISIONS

At 1 January 2017

and 31 December 2017

-

12,002

12,002

NET BOOK VALUE

At 31 December 2017

1,415

2,671,658

2,673,073

At 31 December 2016

1,415

3,035,218

3,036,633

Cost or valuation at 31 December 2017 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2015

-

117,480

117,480

Valuation in 2016

-

307,344

307,344

Valuation in 2017

-

192,850

192,850

Valuation in 2017

-

(8,137

)

(8,137

)

Cost

1,415

2,074,123

2,075,538

1,415

2,683,660

2,685,075

Other investments includes listed investments with a market value of £2,646,580 (2016: £3,035,218) and unlisted

investments at a cost of £37,079 (2016: £12,002), against which a provision of £12,002 has been made.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

1,509,668

1,065,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

29,765

1,566

Trade creditors

4,200

-

Amounts owed to group undertakings

473,664

473,664

Taxation and social security

(1,114

)

(1,311

)

Other creditors

2,551

6,094

509,066

480,013

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Bank overdrafts

29,765

1,566

The bank overdraft of the subsidiary company Harry Ferguson Farms Limited has a Limited Guarantee which is

provided by T J R Sheldon for £60,000. The overdraft of the subsidiary company Harwoods of Yarmouth

Limited is also guaranteed by T J R Sheldon, the director.

There is a fixed and floating charge over all the company assets held by Barclays Bank plc.