Farnah Investments Limited 06486077 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is property letting Digita Accounts Production Advanced 6.30.9574.0 true 06486077 2022-04-01 2023-03-31 06486077 2023-03-31 06486077 bus:OrdinaryShareClass1 2023-03-31 06486077 bus:Original 2023-03-31 06486077 core:CurrentFinancialInstruments 2023-03-31 06486077 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06486077 core:Non-currentFinancialInstruments 2023-03-31 06486077 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06486077 core:LandBuildings 2023-03-31 06486077 bus:SmallEntities 2022-04-01 2023-03-31 06486077 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06486077 bus:FullAccounts 2022-04-01 2023-03-31 06486077 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06486077 bus:RegisteredOffice 2022-04-01 2023-03-31 06486077 bus:Director1 2022-04-01 2023-03-31 06486077 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06486077 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06486077 countries:England 2022-04-01 2023-03-31 06486077 2022-03-31 06486077 core:LandBuildings 2022-03-31 06486077 2021-04-01 2022-03-31 06486077 2022-03-31 06486077 bus:OrdinaryShareClass1 2022-03-31 06486077 core:CurrentFinancialInstruments 2022-03-31 06486077 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06486077 core:Non-currentFinancialInstruments 2022-03-31 06486077 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 06486077 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06486077

Farnah Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Farnah Investments Limited

(Registration number: 06486077)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

100,000

100,000

Current assets

 

Debtors

5

450

450

Cash at bank and in hand

 

719

874

 

1,169

1,324

Creditors: Amounts falling due within one year

6

(10,710)

(11,973)

Net current liabilities

 

(9,541)

(10,649)

Total assets less current liabilities

 

90,459

89,351

Creditors: Amounts falling due after more than one year

6

(59,624)

(60,625)

Net assets

 

30,835

28,726

Capital and reserves

 

Called up share capital

8

1

1

Revaluation reserve

10,000

10,000

Retained earnings

20,834

18,725

Shareholders' funds

 

30,835

28,726

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 November 2023
 

.........................................
Vejay Raj Pal
Director

 

Farnah Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 Rock Cottages
Farnah Green
Belper
Derbyshire
DE56 2UP

These financial statements were authorised for issue by the director on 24 November 2023.

2

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 that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Borrowings

 

Farnah Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

100,000

100,000

At 31 March 2023

100,000

100,000

Depreciation

Carrying amount

At 31 March 2023

100,000

100,000

At 31 March 2022

100,000

100,000

Included within the net book value of land and buildings above is £100,000 (2022 - £100,000) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Other debtors

450

450

 

450

450

 

Farnah Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

2,200

3,500

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,500

4,717

Taxation and social security

 

346

621

Accruals and deferred income

 

175

175

Other creditors

 

5,489

2,960

 

10,710

11,973

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

59,624

60,625

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

59,624

60,625

2023
£

2022
£

Current loans and borrowings

Bank borrowings

2,200

3,500

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1