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Company Registration No. 13167803 (England and Wales)
Farez Investments Limited Unaudited accounts for the year ended 31 January 2023
Farez Investments Limited Unaudited accounts Contents
Page
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Farez Investments Limited Company Information for the year ended 31 January 2023
Directors
Iliya Dzhalov Pavlina Dzhalova
Company Number
13167803 (England and Wales)
Registered Office
Elmcroft 15 Rock Road Penenden Heath Maidstone ME14 2AN United Kingdom
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Farez Investments Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
303,250 
303,250 
Current assets
Debtors
271 
271 
Cash at bank and in hand
5,784 
2,830 
6,055 
3,101 
Creditors: amounts falling due within one year
(2,506)
(1,788)
Net current assets
3,549 
1,313 
Total assets less current liabilities
306,799 
304,563 
Creditors: amounts falling due after more than one year
(305,887)
(304,725)
Net assets/(liabilities)
912 
(162)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
910 
(164)
Shareholders' funds
912 
(162)
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by
Iliya Dzhalov Director Company Registration No. 13167803
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Farez Investments Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Farez Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 13167803. The registered office is Elmcroft 15 Rock Road, Penenden Heath, Maidstone, ME14 2AN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 February 2022
303,250 
At 31 January 2023
303,250 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
271 
271 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
214 
- 
Loans from directors
852 
425 
Accruals
648 
600 
Deferred income
792 
763 
2,506 
1,788 
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Farez Investments Limited Notes to the Accounts for the year ended 31 January 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
217,475 
217,475 
Amounts owed to group undertakings and other participating interests
88,412 
87,250 
305,887 
304,725 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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