Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08079422 2022-04-01 2023-03-31 08079422 2021-04-01 2022-03-31 08079422 2023-03-31 08079422 2022-03-31 08079422 c:Director2 2022-04-01 2023-03-31 08079422 d:FurnitureFittings 2022-04-01 2023-03-31 08079422 d:FurnitureFittings 2023-03-31 08079422 d:FurnitureFittings 2022-03-31 08079422 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08079422 d:OfficeEquipment 2022-04-01 2023-03-31 08079422 d:OfficeEquipment 2023-03-31 08079422 d:OfficeEquipment 2022-03-31 08079422 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08079422 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08079422 d:CurrentFinancialInstruments 2023-03-31 08079422 d:CurrentFinancialInstruments 2022-03-31 08079422 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08079422 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08079422 d:ShareCapital 2023-03-31 08079422 d:ShareCapital 2022-03-31 08079422 d:RetainedEarningsAccumulatedLosses 2023-03-31 08079422 d:RetainedEarningsAccumulatedLosses 2022-03-31 08079422 c:FRS102 2022-04-01 2023-03-31 08079422 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08079422 c:FullAccounts 2022-04-01 2023-03-31 08079422 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08079422 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08079422










FARLEIGH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
FARLEIGH LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
FARLEIGH LIMITED
REGISTERED NUMBER: 08079422

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,624
1,422

Investments
 5 
174
174

  
2,798
1,596

Current assets
  

Debtors: amounts falling due within one year
 6 
321,782
58,088

Cash at bank and in hand
  
206,933
13,990

  
528,715
72,078

Creditors: amounts falling due within one year
 7 
(553,246)
(241,658)

Net current liabilities
  
 
 
(24,531)
 
 
(169,580)

Total assets less current liabilities
  
(21,733)
(167,984)

Provisions for liabilities
  

Deferred tax
  
(656)
-

Net liabilities
  
(22,389)
(167,984)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(22,391)
(167,986)

  
(22,389)
(167,984)


Page 1

 
FARLEIGH LIMITED
REGISTERED NUMBER: 08079422
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 the 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 30 October 2023.




O Grove
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FARLEIGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Farleigh Limited is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is 17 Hockley Court, 2401 Stratford Road, Hockley Heath, West Midlands, B94 6NW.

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.

The functional and presentational currency of the company is Sterling (£).
The company is the parent undertaking of a small group and as such, is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

 
2.2

Going concern

The company is dependent upon the financial support of a related company. The directors of the company have received assurances from the related company that it will continue to provide the financial support required to enable the company to continue to trade. Accordingly these financial statements have been prepared on a going concern basis.

 
2.3

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 and comprises management charges receivable.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
FARLEIGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries and associates are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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 ordinary shares.

 
2.8

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.

 
2.9

Finance costs

Finance costs are charged to profit or loss 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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

 
FARLEIGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
FARLEIGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost 


At 1 April 2022
-
1,516
1,516


Additions
327
1,423
1,750



At 31 March 2023

327
2,939
3,266



Depreciation


At 1 April 2022
-
94
94


Charge for the year on owned assets
55
493
548



At 31 March 2023

55
587
642



Net book value



At 31 March 2023
272
2,352
2,624



At 31 March 2022
-
1,422
1,422


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost 


At 1 April 2022
60
114
174



At 31 March 2023
60
114
174




The company owns 100% of the ordinary share capital of Farleigh (Brassey) Limited and Farleigh (Reading) Limited, 56% of the ordinary share capital of Clifton Investors Limited, 100% of the ordinary share capital of Beaufort Investors Limited and holds a 50% capital of Farleigh Hilmark (Tower Bridge) LLP.
 

Page 6

 
FARLEIGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Amounts owed by joint ventures
34,000
-

Amounts owed by group undertakings
282,918
31,718

Other debtors
1,720
26,370

Prepayments and accrued income
3,144
-

321,782
58,088



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,621
-

Amounts owed to group undertakings
7,061
32,623

Amounts owed to joint ventures
463,818
156,618

Corporation tax
5,078
-

Other taxation and social security
6,867
837

Other creditors
59,801
46,425

Accruals and deferred income
2,000
5,155

553,246
241,658


 
Page 7