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REGISTERED NUMBER: 06340178 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

FARNDON FOODS LIMITED

FARNDON FOODS LIMITED (REGISTERED NUMBER: 06340178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARNDON FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R O'Donnell
T Cambridge
A O'Donnell





SECRETARY: T Cambridge





REGISTERED OFFICE: Unit 10
The Point Business Park
Market Harborough
LE16 7QU





REGISTERED NUMBER: 06340178 (England and Wales)

FARNDON FOODS LIMITED (REGISTERED NUMBER: 06340178)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,947 21,763
Investments 5 1,000 1,000
17,947 22,763

CURRENT ASSETS
Stocks 5,991 11,616
Debtors 6 3,287,804 2,680,103
Investments 7 1,682,943 1,652,484
Cash at bank and in hand 53,378 4,989
5,030,116 4,349,192
CREDITORS
Amounts falling due within one year 8 1,550,081 1,039,673
NET CURRENT ASSETS 3,480,035 3,309,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,497,982

3,332,282

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,497,981 3,332,281
SHAREHOLDERS' FUNDS 3,497,982 3,332,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 profit or loss 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.

FARNDON FOODS LIMITED (REGISTERED NUMBER: 06340178)

BALANCE SHEET - continued
31 OCTOBER 2023


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 April 2024 and were signed on its behalf by:





R O'Donnell - Director


FARNDON FOODS LIMITED (REGISTERED NUMBER: 06340178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Farndon Foods Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over 10 years
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FARNDON FOODS LIMITED (REGISTERED NUMBER: 06340178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Employer funded retirement benefit scheme
The company has established an Employer Funded Retirement Scheme for the benefit of its officers, employees and their wider families, the Farndon Foods Limited Employer Funded Retirement Benefit Scheme ("The Scheme").

The Company has established an additional Employer Financed Retirement Benefit Scheme for the benefit of its officers, employees and their wider families, The Farndon Foods Limited 2012 EFRBS ("the Second Scheme").

Investments
The investments held on the balance sheet are in a film partnership. The investments are valued at cost, after taking into consideration permanent diminution in value.

Current asset investments
Investment portfolio is remeasured to fair value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 7,381 12,579 28,145 4,791 52,896
Disposals - (778 ) - - (778 )
At 31 October 2023 7,381 11,801 28,145 4,791 52,118
DEPRECIATION
At 1 November 2022 2,294 11,097 14,953 2,789 31,133
Charge for year 744 371 3,298 403 4,816
Eliminated on disposal - (778 ) - - (778 )
At 31 October 2023 3,038 10,690 18,251 3,192 35,171
NET BOOK VALUE
At 31 October 2023 4,343 1,111 9,894 1,599 16,947
At 31 October 2022 5,087 1,482 13,192 2,002 21,763

FARNDON FOODS LIMITED (REGISTERED NUMBER: 06340178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 1,000
NET BOOK VALUE
At 31 October 2023 1,000
At 31 October 2022 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,178,928 2,409,141
Other debtors 108,876 270,962
3,287,804 2,680,103

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 1,682,943 1,652,484

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 512,374 696,936
Taxation and social security 952,990 3,731
Other creditors 84,717 339,006
1,550,081 1,039,673