Silverfin false false 31/12/2023 08/12/2022 31/12/2023 H C S Manners 08/12/2022 08 August 2024 The principal activity of the Company in the reporting period was mare farming. 14530106 2023-12-31 14530106 bus:Director1 2023-12-31 14530106 core:CurrentFinancialInstruments 2023-12-31 14530106 core:ShareCapital 2023-12-31 14530106 core:RetainedEarningsAccumulatedLosses 2023-12-31 14530106 core:LandBuildings 2022-12-07 14530106 core:OtherPropertyPlantEquipment 2022-12-07 14530106 2022-12-07 14530106 core:LandBuildings 2023-12-31 14530106 core:OtherPropertyPlantEquipment 2023-12-31 14530106 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-12-31 14530106 2022-12-08 2023-12-31 14530106 bus:FilletedAccounts 2022-12-08 2023-12-31 14530106 bus:SmallEntities 2022-12-08 2023-12-31 14530106 bus:AuditExempt-NoAccountantsReport 2022-12-08 2023-12-31 14530106 bus:PrivateLimitedCompanyLtd 2022-12-08 2023-12-31 14530106 bus:Director1 2022-12-08 2023-12-31 14530106 core:LandBuildings core:TopRangeValue 2022-12-08 2023-12-31 14530106 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-12-08 2023-12-31 14530106 core:LandBuildings 2022-12-08 2023-12-31 14530106 core:OtherPropertyPlantEquipment 2022-12-08 2023-12-31 iso4217:GBP xbrli:pure

Company No: 14530106 (England and Wales)

FASHION FARM LIMITED

Unaudited Financial Statements
For the financial period from 08 December 2022 to 31 December 2023
Pages for filing with the registrar

FASHION FARM LIMITED

Unaudited Financial Statements

For the financial period from 08 December 2022 to 31 December 2023

Contents

FASHION FARM LIMITED

COMPANY INFORMATION

For the financial period from 08 December 2022 to 31 December 2023
FASHION FARM LIMITED

COMPANY INFORMATION (continued)

For the financial period from 08 December 2022 to 31 December 2023
DIRECTOR H C S Manners (Appointed 08 December 2022)
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 14530106 (England and Wales)
FASHION FARM LIMITED

BALANCE SHEET

As at 31 December 2023
FASHION FARM LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023
£
Fixed assets
Tangible assets 3 22,714
22,714
Current assets
Stocks 4 81,638
Debtors 5 6,604
Cash at bank and in hand 64,477
152,719
Creditors: amounts falling due within one year 6 ( 319,083)
Net current liabilities (166,364)
Total assets less current liabilities (143,650)
Net liabilities ( 143,650)
Capital and reserves
Called-up share capital 100
Profit and loss account ( 143,750 )
Total shareholder's deficit ( 143,650)

For the financial period ending 31 December 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 financial statements of Fashion Farm Limited (registered number: 14530106) were approved and authorised for issue by the Director on 08 August 2024. They were signed on its behalf by:

H C S Manners
Director
FASHION FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 December 2022 to 31 December 2023
FASHION FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 December 2022 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Fashion Farm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Biological assets

The Company owned mares . In accordance with FRS 102, these are defined as biological assets and included in the stock.

Stocks are stated using the cost model at the lower of cost and the net realisable value. Cost includes feed, vets fees, stud fees, farrier fees, direct labour and any other costs directly related to the upkeeping of the mares.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
08.12.2022 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 3

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 08 December 2022 0 0 0
Additions 22,583 1,384 23,967
At 31 December 2023 22,583 1,384 23,967
Accumulated depreciation
At 08 December 2022 0 0 0
Charge for the financial period 927 326 1,253
At 31 December 2023 927 326 1,253
Net book value
At 31 December 2023 21,656 1,058 22,714

4. Stocks

31.12.2023
£
Livestock 81,638

5. Debtors

31.12.2023
£
Other debtors 6,604

6. Creditors: amounts falling due within one year

31.12.2023
£
Trade creditors 10,209
Amounts owed to related parties (note 7) 299,149
Other taxation and social security 3,695
Other creditors 6,030
319,083

7. Related party transactions

Transactions with owners holding a participating interest in the entity

31.12.2023
£
Amounts owed to the shareholder 285,331