Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activity2017-04-01false 09874265 2017-03-31 09874265 2017-04-01 2018-03-31 09874265 2018-03-31 09874265 c:Director2 2017-04-01 2018-03-31 09874265 d:CurrentFinancialInstruments 2018-03-31 09874265 d:CurrentFinancialInstruments 2017-03-31 09874265 c:OrdinaryShareClass1 2017-04-01 2018-03-31 09874265 c:OrdinaryShareClass1 2018-03-31 09874265 c:OrdinaryShareClass2 2017-04-01 2018-03-31 09874265 c:OrdinaryShareClass2 2018-03-31 09874265 c:FRS102 2017-04-01 2018-03-31 09874265 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 09874265 c:FullAccounts 2017-04-01 2018-03-31 09874265 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09874265









FARROHA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2018

 
FARROHA LIMITED
REGISTERED NUMBER: 09874265

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

  

Fixed assets
  

Current assets
  

Cash at bank and in hand
  
59,360
72,537

  
59,360
72,537

Creditors: amounts falling due within one year
  
(21,485)
(50,351)

Net current assets
  
 
 
37,875
 
 
22,186

Total assets less current liabilities
  
37,875
22,186

  

  

  

Net assets excluding pension asset
  
37,875
22,186

Net assets
  
37,875
22,186


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
37,775
22,086

  
37,875
22,186


Page 1

 
FARROHA LIMITED
REGISTERED NUMBER: 09874265
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2018

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Directors acknowledge their 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 statement of income and retained earnings 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 on 1 November 2018.




Azzam Farroha
Director
The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FARROHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 09874265.  The Company's registered office is Willow 8c Serpentine Road, Selly Park, Birmingham, England, B29 7HU.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cashflow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
FARROHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.4

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 non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.8

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
FARROHA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

3.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
6,026
12,272

Other creditors
14,231
36,851

Accruals and deferred income
1,228
1,228

21,485
50,351



4.


Share capital

2018
2017
£
£
Allotted, called up and fully paid



85 Ordinary A shares of £1 each
85
85
15 Ordinary B shares of £1 each
15
15

100

100


5.


Transactions with directors

As at the year end £14,231 (2017: £36,852) was due to the director. The loan is interest free and repayable on demand.

 
Page 5