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REGISTERED NUMBER: 02023483 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Farrans Court Limited
(Limited by Guarantee)

Farrans Court Limited
(Limited by Guarantee) (Registered number: 02023483)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Farrans Court Limited
(Limited by Guarantee)

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr I Shaikh
Mr S M Kelly
Mrs S Shah
Mr J Shah
Mr P I Popeck
Mr J R Lenihan
Mr K B Patel





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 02023483 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Farrans Court Limited
(Limited by Guarantee) (Registered number: 02023483)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,500 22,500

CURRENT ASSETS
Debtors 5 5,163 3,676
Cash at bank 3,745 14,847
8,908 18,523
CREDITORS
Amounts falling due within one year 6 8,758 13,856
NET CURRENT ASSETS 150 4,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,650

27,167

RESERVES
Capital reserve 7 22,500 22,500
Income and expenditure account 7 150 4,667
22,650 27,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 29 November 2023 and were signed on its behalf by:





Mr S M Kelly - Director


Farrans Court Limited
(Limited by Guarantee) (Registered number: 02023483)

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

1. STATUTORY INFORMATION

Farrans Court Limited (Limited by Guarantee) is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents contributions receivable from tenants.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Taxation
Provision is made for income tax on the amount of interest received during the year. Because the company does not trade with a view to making a profit the directors are confident that HMR&C will not seek to tax any surplus of contributions received over expenses incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022
and 31 March 2023 22,500
NET BOOK VALUE
At 31 March 2023 22,500
At 31 March 2022 22,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Prepayments and accrued income 4,606 2,839
Amounts due from leaseholders 557 837
5,163 3,676

Farrans Court Limited
(Limited by Guarantee) (Registered number: 02023483)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2,744 4,471
Income tax 10 -
Amounts due to leaseholders 4,625 2,284
Amounts held on account for
lease extensions - 5,700
Accruals and deferred income 1,379 1,401
8,758 13,856

7. RESERVES
Income
and
expenditure Capital
account reserve Totals
£    £    £   

At 1 April 2022 4,667 22,500 27,167
Deficit for the year (4,517 ) (4,517 )
At 31 March 2023 150 22,500 22,650

8. SHARE CAPITAL

The company does not have a share capital. It is limited by guarantee. Every member of the company undertakes to contribute to the assets of the company. In the event of the company being wound up while he or she is a member, or within one year of he or she ceasing to be a member, payment of debts and liabilities of the company contracted before he or she ceased to be a member and of the costs and charges and expenses of winding up the company and of the adjustments of the rights and contributions among themselves is limited to an amount not exceeding £10.

9. CHANGE OF MANAGING AGENTS

Since the year end, Wilson Hawkins Property Management was replaced as managing agents with Solum Estates.

10. SECTION 20 EXPENDITURE

During the period, repair costs include expenditure on replacing the gates to the Estate. A section 20 notice should have been issued by the managing agents however this was not sent out to the leaseholders. As a result, the costs have been spent from the Company's profit and loss reserves which have resulted in a deficit for the year.