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Statement of Financial Position | 1—2 |
Notes to the Financial Statements | 3—6 |
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 4 |
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Tangible Assets | 5 |
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CURRENT ASSETS | |||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 7 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Income Statement |
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SHAREHOLDERS' FUNDS | 4,084,897 | 3,471,721 | |||
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Leasehold |
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Plant & Machinery |
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Fixtures & Fittings |
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Computer Equipment |
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Other | |||
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Cost | |||
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Additions |
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Amortisation | |||
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Provided during the period |
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Net Book Value | |||
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Land & Property | |||||
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Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
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Additions |
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Disposals |
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Depreciation | |||||
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Provided during the period |
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Disposals |
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Net Book Value | |||||
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2023 | 2022 as restated |
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Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Corporation tax recoverable assets |
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VAT |
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Amounts owed by group undertakings |
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Trade creditors |
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Bank loans and overdrafts |
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Corporation tax |
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Other taxes and social security |
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Other creditors |
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Accruals and deferred income |
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Director's loan account |
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Amounts owed to group undertakings |
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2023 | 2022 as restated |
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Bank loans |
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2023 | 2022 as restated |
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On equity shares: | |||
Final dividend paid |
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25,000 | 38,145 | ||
Sylvia Farago Ventures Ltd
Sylvia Farago Ventures Ltd is controlled by Ride the Lighting Ltd which also controls Farago Projects Ltd
During the year the company paid expenses for Sylvia Farago Ventures Ltd of £3,289 (2022: £2,044). At year end the company owed Sylvia Farago Ventures Ltd £1,485,304 (2022: £1,488,593).
Ride The Lighting Ltd
Ride The Lighting Ltd controls Farago Projects Ltd.
During the year Farago Projects Ltd paid £12,942 (2022: £3,000) VAT on behalf of Ride The Lighting Ltd. Ride The Lighting Ltd paid £47,961 (2022: £29,495) costs for Farago Projects Ltd. Farago Projects Ltd provided £1,200,000 (2022: £Nil) financial assistance to Ride the Lighting Ltd. At the year end Ride The Lighting Ltd owed Farago Projects Ltd £1,869,167 (2022: £678,325).
Farago Projects SAS
Farago Projects SAS is owned by Ride The Lighting Ltd, which controls Farago Projects Ltd.
During the year the company paid for expenses of £97,712 (2022: £15,403) on behalf of Farago Projects SAS and received payment from Farago Projects SAS of £202,838 (2022: £10,436). During the year the company charged a management fee to Farago Projects SAS of £26,131 (2022: £23,242). Farago Projects SAS invoiced Farago Projects Ltd £5,042 (2022: £Nil). During the year Farago Projects SAS repaid its loan to Farago Projects Ltd of €100,000. At year end the company was owed £9,352 (2022: £202,031) from Farago Projects SAS and owed Farago Projects SAS £5,042 (2022: £Nil) for invoices received.
Farago Projects Inc.
Farago Projects Inc is owned by Ride The Lighting Ltd, which controls Farago Projects Ltd.
During the year the company paid £560,529 for expenses (2022: £16,780) for Farago Projects Inc. and was repaid £525,182 (2022:£Nil). Farago Projects Ltd provided £88,350 (2022: £Nil) financial assistance to Farago Projects Inc. At year end the company was owed £140,477 (2022: £16,780) from Farago Projects Inc.