Feather Diesel Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03531064 (England and Wales)

Feather Diesel Holdings Limited

Financial Statements

for the Period 1 September 2018 to 31 July 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Bramley

LK Bramley

K Bramley

SECRETARY:

SJ Westaway

REGISTERED OFFICE:

Unit G12 Lock View

Lowfields Business Park

Elland

West Yorkshire

HX5 9HD

REGISTERED NUMBER:

03531064 (England and Wales)

AUDITORS:

McMillan & Co LLP

Chartered Accountants and

Statutory Auditor

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Investments

3

857,421

1,431,780

CREDITORS

Amounts falling due within one year

4

172,926

-

NET CURRENT LIABILITIES

(172,926

)

-

TOTAL ASSETS LESS CURRENT LIABILITIES

684,495

1,431,780

CREDITORS

Amounts falling due after more than one year

5

-

172,926

NET ASSETS

684,495

1,258,854

CAPITAL AND RESERVES

Called up share capital

6

161,290

161,290

Share premium

372,043

372,043

Capital redemption reserve

400,000

400,000

Retained earnings

(248,838

)

325,521

SHAREHOLDERS' FUNDS

684,495

1,258,854

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 Board of Directors on 19 March 2020 and were signed on its behalf by:

LK Bramley - Director

1.	STATUTORY INFORMATION

Feather Diesel 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The amounts in the financial statements have been rounded to the nearest £1.

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.

At 31 July 2019 the Company had an excess of assets over liabilities of £684,495. The Directors have

considered the ongoing corona virus pandemic and the uncertainty caused by this and are satisfied to

prepare the financial statements on the going concern basis.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual

arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 period 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.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2018

and 31 July 2019

1,431,780

PROVISIONS

Provision for period

574,359

At 31 July 2019

574,359

NET BOOK VALUE

At 31 July 2019

857,421

At 31 August 2018

1,431,780

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

172,926

-

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

-

172,926

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2019

2018

value:

£

£

161,290

Share capital

£1

161,290

161,290

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil McMillan FCA (Senior Statutory Auditor)

for and on behalf of McMillan & Co LLP

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

On 3 September 2018, a share for share exchange took place, which saw Merlin Diesel Holdings

Limited, a company incorporated in England & Wales, become the 100% shareholder of Feather

Diesel Holdings Limited and the company's ultimate parent company from that date.

The company is ultimately controlled by the directors of the ultimate parent company.