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Company Registration No. 13167803 (England and Wales)
Farez Investments Limited Unaudited accounts for the year ended 31 January 2024
Farez Investments Limited Unaudited accounts Contents
Page
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Farez Investments Limited Company Information for the year ended 31 January 2024
Directors
Iliya Dzhalov Pavlina Dzhalova
Company Number
13167803 (England and Wales)
Registered Office
Elmcroft 15 Rock Road Penenden Heath Maidstone ME14 2AN United Kingdom
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Farez Investments Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
303,250 
303,250 
Current assets
Debtors
112 
271 
Cash at bank and in hand
10,238 
5,784 
10,350 
6,055 
Creditors: amounts falling due within one year
(4,160)
(2,506)
Net current assets
6,190 
3,549 
Total assets less current liabilities
309,440 
306,799 
Creditors: amounts falling due after more than one year
(305,887)
(305,887)
Net assets
3,553 
912 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,551 
910 
Shareholders' funds
3,553 
912 
For the year ending 31 January 2024 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 17 October 2024 and were signed on its behalf by
Iliya Dzhalov Director Company Registration No. 13167803
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Farez Investments Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Farez Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 13167803. The registered office is Elmcroft 15 Rock Road, Penenden Heath, Maidstone, ME14 2AN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
303,250 
At 31 January 2024
303,250 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
112 
- 
Other debtors
- 
271 
112 
271 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
619 
214 
Loans from directors
1,910 
852 
Accruals
696 
648 
Deferred income
935 
792 
4,160 
2,506 
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Farez Investments Limited Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
217,475 
217,475 
Amounts owed to group undertakings and other participating interests
88,412 
88,412 
305,887 
305,887 
8
Transactions with related parties
The company owed £88,412 (2023: £88,412) to Farez Electrical Limited, which is a company under common control.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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