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REGISTERED NUMBER: 12570245 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Fabarch2 Ltd

Fabarch2 Ltd (Registered number: 12570245)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fabarch2 Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J A Heinrich
C R Nichol



REGISTERED OFFICE: 27 Old Gloucester Street
London
United Kingdom
WC1N 3AX



REGISTERED NUMBER: 12570245 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Melissa Bowers FCCA



AUDITORS: Harts Limited
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

Fabarch2 Ltd (Registered number: 12570245)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 3,201,554 3,201,554

CURRENT ASSETS
Debtors 6 756 808
Cash at bank and in hand 3,692 16,048
4,448 16,856
CREDITORS
Amounts falling due within one year 7 3,494,318 3,180,676
NET CURRENT LIABILITIES (3,489,870 ) (3,163,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(288,316

)

37,734

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (288,416 ) 37,634
SHAREHOLDERS' FUNDS (288,316 ) 37,734

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





C R Nichol - Director


Fabarch2 Ltd (Registered number: 12570245)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Fabarch2 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Principal place of business is 15 Rathbone Street, London, W1T 1NB.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
After reviewing the company's financial situation, the directors have a reasonable expectation that the company has adequate resources, including the continuing financial support of its long term intra-group lender, to continue in operational existence for the foreseeable future.The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. AUDITORS' REMUNERATION
31.12.22 31.12.21
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

680

1,500

Fabarch2 Ltd (Registered number: 12570245)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 3,201,554
NET BOOK VALUE
At 31 December 2022 3,201,554
At 31 December 2021 3,201,554

The above asset relates to an option fee paid in order to purchase a property on 6 August 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 756 808

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 1,892 4,515
Amounts owed to group undertakings 11,948 -
Amounts owed to associates 3,346,439 2,992,689
Taxation and social security - 8,828
Other creditors 134,039 174,644
3,494,318 3,180,676

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)
for and on behalf of Harts Limited

Fabarch2 Ltd (Registered number: 12570245)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

10. POST BALANCE SHEET EVENTS

On 31 January 2024, the loan included within these financial statements under creditors falling due within one year, of £3,485,837 was converted into equity of 100 ordinary shares with the nominal value of £100. Any excess paid over the cost of the shares will be recognised in the share premium account.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Argo Holding GmbH, a company incorporated in Germany whose registered office is at Kienberger Allee 4, 12529, Schoenefeld, Germany.