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REGISTERED NUMBER: 13748541 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

FARNHAM CASTLE SERVICES LIMITED

FARNHAM CASTLE SERVICES LIMITED (REGISTERED NUMBER: 13748541)






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 SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs C M Wells
A J Wells
H J Lupton
Mrs G D Lupton





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





REGISTERED NUMBER: 13748541 (England and Wales)





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

FARNHAM CASTLE SERVICES LIMITED (REGISTERED NUMBER: 13748541)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256,379 115,639

CURRENT ASSETS
Stocks 33,140 29,070
Debtors 5 478,077 334,733
Cash at bank and in hand 824,912 738,728
1,336,129 1,102,531
CREDITORS
Amounts falling due within one year 6 1,286,569 1,031,816
NET CURRENT ASSETS 49,560 70,715
TOTAL ASSETS LESS CURRENT LIABILITIES 305,939 186,354

PROVISIONS FOR LIABILITIES 7 64,095 28,575
NET ASSETS 241,844 157,779

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 240,844 156,779
SHAREHOLDERS' FUNDS 241,844 157,779

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 SERVICES LIMITED (REGISTERED NUMBER: 13748541)

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 C M Wells - Director



Mrs G D Lupton - Director


FARNHAM CASTLE SERVICES LIMITED (REGISTERED NUMBER: 13748541)

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

1. STATUTORY INFORMATION

Farnham Castle Services 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue from the provision of weddings or conference facilities is recognised once the event takes place and in accordance with the provider of catering/banqueting services to the company. Should the event not take place the provision will be recognised upon cancellation.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


FARNHAM CASTLE SERVICES LIMITED (REGISTERED NUMBER: 13748541)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 160 (2022 - 121 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 127,846
Additions 199,204
At 31st December 2023 327,050
DEPRECIATION
At 1st January 2023 12,207
Charge for year 58,464
At 31st December 2023 70,671
NET BOOK VALUE
At 31st December 2023 256,379
At 31st December 2022 115,639

FARNHAM CASTLE SERVICES LIMITED (REGISTERED NUMBER: 13748541)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 160,629 45,349
Amounts owed by group undertakings 277,613 239,966
Other debtors 39,835 49,418
478,077 334,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 88,973 71,193
Taxation and social security 121,680 34,763
Other creditors 1,075,916 925,860
1,286,569 1,031,816

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 64,095 28,575

Deferred
tax
£   
Balance at 1st January 2023 28,575
Charge to Income Statement during year 35,520
Balance at 31st December 2023 64,095

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. ULTIMATE CONTROLLING PARTY

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