Farmington Estates Limited 02615090 true 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is buying and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true J J D Barrow R Barrow true false 02615090 2022-07-01 2023-06-30 02615090 2023-06-30 02615090 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-06-30 02615090 core:ShareCapital 2023-06-30 02615090 core:CurrentFinancialInstruments 2023-06-30 02615090 bus:FRS102 2022-07-01 2023-06-30 02615090 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 02615090 bus:FullAccounts 2022-07-01 2023-06-30 02615090 bus:Director1 2022-07-01 2023-06-30 02615090 bus:Director2 2022-07-01 2023-06-30 02615090 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-07-01 2023-06-30 02615090 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 02615090 1 2022-07-01 2023-06-30 02615090 countries:EnglandWales 2022-07-01 2023-06-30 02615090 2021-07-01 2022-06-30 02615090 2022-06-30 02615090 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-06-30 02615090 core:ShareCapital 2022-06-30 02615090 core:CurrentFinancialInstruments 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02615090

Farmington Estates Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Farmington Estates Limited

Profit and Loss Account for the Year Ended 30 June 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Farmington Estates Limited

(Registration number: 02615090)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

10,000

10,000

Capital and reserves

 

Called up share capital

4

10,000

10,000

Shareholders' funds

 

10,000

10,000

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 3 October 2023 and signed on its behalf by:
 

R Barrow

Director

 

Farmington Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.ing amount higher than the carrying value had no impairment been recognised.

 

Farmington Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Debtors

2023
£

2022
£

Amounts owed by related parties

10,000

10,000

Total current trade and other debtors

10,000

10,000

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

         

5

Parent and ultimate parent undertaking

The ultimate controlling party is J J D Barrow.