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Registered number: 05723073









FAROS INVESTMENT PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
FAROS INVESTMENT PARTNERS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3


 
FAROS INVESTMENT PARTNERS LIMITED
REGISTERED NUMBER: 05723073

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors
  
14,325
16,600

Cash at bank and in hand
  
210,610
200,908

  
224,935
217,508

Creditors: amounts falling due within one year
  
(3,765)
(2,215)

Net current assets
  
 
 
221,170
 
 
215,293

Total assets less current liabilities
  
221,170
215,293

  

Net assets
  
221,170
215,293


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
220,170
214,293

  
221,170
215,293



The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
FAROS INVESTMENT PARTNERS LIMITED
REGISTERED NUMBER: 05723073
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Jaime Guillen
Director

Date: 16 August 2024

The notes on page 3 form part of these financial statements.

Page 2

 
FAROS INVESTMENT PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General Information

Faros Investment Partners Limited is a private limited company incorporated in the United Kingdom. The registered office is 40 Craven Street, London, WC2N 5NG.
The principal activity of the company during the year under review was that of provision of advisory and management consultancy services.


2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover compprises revenue recognised by the company in respect of advisory and management services supplied during the year.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 -
£NIL). The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Director
1
1

Page 3

 
FAROS INVESTMENT PARTNERS LIMITED
 
 
THIS SCHEDULE IS NOT FOR PUBLICATION Page 4