Company Registration No. 10329761 (England and Wales)
Farmville Group Ltd
Unaudited accounts
for the year ended 31 August 2023
Farmville Group Ltd
Unaudited accounts
Contents
Farmville Group Ltd
Company Information
for the year ended 31 August 2023
Directors
Mr I.Braun
Mr C. Braun
Company Number
10329761 (England and Wales)
Registered Office
Unit D2
Tariff Road
London
N17 0DY
England
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Farmville Group Ltd for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Farmville Group Ltd for the year ended
31 August 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Farmville Group Ltd, as a body, in accordance with the terms of our engagement letter dated 31 August 2017. Our work has been undertaken solely to prepare for your approval the accounts of Farmville Group Ltd and state those matters that we have agreed to state to the Board of Directors of Farmville Group Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farmville Group Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Farmville Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Farmville Group Ltd. You consider that Farmville Group Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Farmville Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
16 August 2024
Farmville Group Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
1,491,344
1,491,344
Cash at bank and in hand
23,676
1,772
Creditors: amounts falling due within one year
(502,265)
(488,068)
Net current liabilities
(244,228)
(271,456)
Total assets less current liabilities
1,247,116
1,219,888
Creditors: amounts falling due after more than one year
(849,097)
(884,140)
Net assets
398,019
335,748
Called up share capital
1
1
Profit and loss account
398,018
335,747
Shareholders' funds
398,019
335,748
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by
Mr I.Braun
Director
Company Registration No. 10329761
Farmville Group Ltd
Notes to the Accounts
for the year ended 31 August 2023
Farmville Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10329761. The registered office is Unit D2, Tariff Road, London, N17 0DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
4
Tangible fixed assets
Land & buildings
At 1 September 2022
1,491,344
At 31 August 2023
1,491,344
At 31 August 2023
1,491,344
At 31 August 2022
1,491,344
Farmville Group Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
234,161
214,840
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
7,600
7,600
Taxes and social security
52,291
38,094
Loans from directors
441,374
441,374
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
820,981
846,259
Other creditors
28,116
37,881
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company was under the control of Mr.I.Braun and Mr. C. Braun throughout the current period.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).