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REGISTERED NUMBER: 08209609 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

FARNHAM CASTLE OPERATIONS LIMITED

FARNHAM CASTLE OPERATIONS LIMITED (REGISTERED NUMBER: 08209609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARNHAM CASTLE OPERATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs G D Lupton
Mrs C M Wells





REGISTERED OFFICE: Farnham Castle
Castle Street
Farnham
Surrey
GU9 0AG





REGISTERED NUMBER: 08209609 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

FARNHAM CASTLE OPERATIONS LIMITED (REGISTERED NUMBER: 08209609)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 250,261 283,246
Investments 5 1,000 1,000
251,261 284,246

CURRENT ASSETS
Debtors 6 240,266 254,621
Cash at bank and in hand 11,699 29,962
251,965 284,583
CREDITORS
Amounts falling due within one year 7 253,296 423,984
NET CURRENT LIABILITIES (1,331 ) (139,401 )
TOTAL ASSETS LESS CURRENT LIABILITIES 249,930 144,845

CAPITAL AND RESERVES
Called up share capital 1,800 1,800
Share premium 598,200 598,200
Retained earnings (350,070 ) (455,155 )
249,930 144,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

FARNHAM CASTLE OPERATIONS LIMITED (REGISTERED NUMBER: 08209609)

BALANCE SHEET - continued
31ST DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th April 2024 and were signed on its behalf by:




Mrs G D Lupton - Director



Mrs C M Wells - Director


FARNHAM CASTLE OPERATIONS LIMITED (REGISTERED NUMBER: 08209609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Farnham Castle Operations 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Land and buildings - Straight line over 5 years
Plant and machinery etc - 25% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

FARNHAM CASTLE OPERATIONS LIMITED (REGISTERED NUMBER: 08209609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 414,801 378,970 793,771
DEPRECIATION
At 1st January 2023 163,636 346,889 510,525
Charge for year 21,169 11,816 32,985
At 31st December 2023 184,805 358,705 543,510
NET BOOK VALUE
At 31st December 2023 229,996 20,265 250,261
At 31st December 2022 251,165 32,081 283,246

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 1,000
NET BOOK VALUE
At 31st December 2023 1,000
At 31st December 2022 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,586 -
Amounts owed by group undertakings 17,460 12,291
Other debtors 206,220 242,330
240,266 254,621

FARNHAM CASTLE OPERATIONS LIMITED (REGISTERED NUMBER: 08209609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,023 77,739
Amounts owed to group undertakings 230,018 239,966
Taxation and social security 6,054 90,120
Other creditors 14,201 16,159
253,296 423,984

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 25,000 25,000
Between one and five years 100,000 100,000
In more than five years 181,250 206,250
306,250 331,250

9. DEFERRED TAX
£   
Balance at 1st January 2023 (88,785 )
Charge to Income Statement during year 36,675
Balance at 31st December 2023 (52,110 )

10. RELATED PARTY DISCLOSURES

At the year end, amounts owed to the company by key management personnel totalled £115,005 (2022:
£114,440).

Interest has been charged on the balances and totalled £565 (2022: £3,109) during the year.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is XYZ 987 Limited, a company incorporated in England and Wales.