0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 491,127 491,127 491,127 xbrli:pure xbrli:shares iso4217:GBP 05646299 2022-08-01 2023-07-31 05646299 2023-07-31 05646299 2022-07-31 05646299 2021-08-01 2022-07-31 05646299 2022-07-31 05646299 2021-07-31 05646299 bus:Director1 2022-08-01 2023-07-31 05646299 core:WithinOneYear 2023-07-31 05646299 core:WithinOneYear 2022-07-31 05646299 core:AfterOneYear 2023-07-31 05646299 core:AfterOneYear 2022-07-31 05646299 core:ShareCapital 2023-07-31 05646299 core:ShareCapital 2022-07-31 05646299 core:RetainedEarningsAccumulatedLosses 2023-07-31 05646299 core:RetainedEarningsAccumulatedLosses 2022-07-31 05646299 core:LandBuildings 2023-07-31 05646299 core:LandBuildings 2022-07-31 05646299 bus:SmallEntities 2022-08-01 2023-07-31 05646299 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 05646299 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05646299 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05646299 bus:FullAccounts 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 05646299
FARNINGHAM HOLDINGS LIMITED
Filleted Unaudited Financial Statements
31 July 2023
FARNINGHAM HOLDINGS LIMITED
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
491,127
491,127
Current assets
Cash at bank and in hand
16,222
13,102
Creditors: amounts falling due within one year
5
246,128
237,794
---------
---------
Net current liabilities
229,906
224,692
---------
---------
Total assets less current liabilities
261,221
266,435
Creditors: amounts falling due after more than one year
6
240,000
240,000
---------
---------
Net assets
21,221
26,435
---------
---------
Capital and reserves
Called up share capital
104
104
Profit and loss account
21,117
26,331
--------
--------
Shareholders funds
21,221
26,435
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FARNINGHAM HOLDINGS LIMITED
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 12 October 2023 , and are signed on behalf of the board by:
Mr R Meyer
Director
Company registration number: 05646299
FARNINGHAM HOLDINGS LIMITED
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallewelle House, 1 Hallewelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Land and buildings
£
Cost
At 1 August 2022 and 31 July 2023
491,127
---------
Depreciation
At 1 August 2022 and 31 July 2023
---------
Carrying amount
At 31 July 2023
491,127
---------
At 31 July 2022
491,127
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loan
1,447
3,988
Corporation tax
8,263
5,845
Other creditors
236,418
227,961
---------
---------
246,128
237,794
---------
---------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loan
240,000
240,000
---------
---------
The Bank loan is secured on the company's Freehold Investment Property.
7. Related party transactions
Included in other creditors is a loan from the director amounting to £64,482 (2022 - £56,119) and a loan from Fourways Solutions Limited (a related company) amounting to £164,700 (2022 - £164,700).