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REGISTERED NUMBER: 04951529 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

FARMERS INVESTMENTS LIMITED

FARMERS INVESTMENTS LIMITED (REGISTERED NUMBER: 04951529)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARMERS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr C M Georgiou
Mrs A Georgiou
Miss K Georgiou
Mr A C Georgiou





SECRETARY: Mrs A Georgiou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 04951529 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

FARMERS INVESTMENTS LIMITED (REGISTERED NUMBER: 04951529)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,814 2,135
Investment property 5 1,550,000 1,550,000
1,551,814 1,552,135

CURRENT ASSETS
Cash at bank and in hand 33,420 43,967

CREDITORS
Amounts falling due within one year 6 374,553 399,284
NET CURRENT LIABILITIES (341,133 ) (355,317 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,210,681

1,196,818

CREDITORS
Amounts falling due after more than one
year

7

(15,183

)

(17,916

)

PROVISIONS FOR LIABILITIES 9 (47,710 ) (47,710 )
NET ASSETS 1,147,788 1,131,192

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 1,147,688 1,131,092
SHAREHOLDERS' FUNDS 1,147,788 1,131,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

FARMERS INVESTMENTS LIMITED (REGISTERED NUMBER: 04951529)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by:





Mr C M Georgiou - Director


FARMERS INVESTMENTS LIMITED (REGISTERED NUMBER: 04951529)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Farmers Investments 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment properties are shown at cost. In the opinion of the directors the market value of the properties are far in excess of the cost price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

FARMERS INVESTMENTS LIMITED (REGISTERED NUMBER: 04951529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 25,184
DEPRECIATION
At 1 December 2022 23,049
Charge for year 321
At 30 November 2023 23,370
NET BOOK VALUE
At 30 November 2023 1,814
At 30 November 2022 2,135

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,550,000
NET BOOK VALUE
At 30 November 2023 1,550,000
At 30 November 2022 1,550,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2017 809,249
Cost 740,751
1,550,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 341,032 367,312
Tax 6,443 16,842
Client`s deposit 2,212 2,212
Directors' current accounts 22,867 11,136
Accrued expenses 1,999 1,782
374,553 399,284

FARMERS INVESTMENTS LIMITED (REGISTERED NUMBER: 04951529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 15,183 17,916

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 341,032 367,312

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,000 5,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,183 12,916

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 47,710 47,710

Deferred
tax
£   
Balance at 1 December 2022 47,710
Balance at 30 November 2023 47,710

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

FARMERS INVESTMENTS LIMITED (REGISTERED NUMBER: 04951529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


11. RESERVES
Retained
earnings
£   

At 1 December 2022 1,131,092
Profit for the year 24,596
Dividends (8,000 )
At 30 November 2023 1,147,688


£

Distributable reserves386,149
Non-distributable reserves761,539
At 30th November 20231,147,688

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors and their close family by virtue of holding 100% of the issued share capital.