FARAWAY INVESTMENTS LIMITED

Company Registration Number:
07450854 (England and Wales)

Unaudited abridged accounts for the year ended 05 April 2024

Period of accounts

Start date: 06 April 2023

End date: 05 April 2024

FARAWAY INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 05 April 2024

Balance sheet
Notes

FARAWAY INVESTMENTS LIMITED

Balance sheet

As at 05 April 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Investments: 3 1 1
Total fixed assets: 1 1
Current assets
Debtors: 4 4,021,872 3,756,210
Cash at bank and in hand: 15,676 33,384
Total current assets: 4,037,548 3,789,594
Creditors: amounts falling due within one year: 5 (1,634,155) (1,433,738)
Net current assets (liabilities): 2,403,393 2,355,856
Total assets less current liabilities: 2,403,394 2,355,857
Creditors: amounts falling due after more than one year: 6 (3,714,242) (3,714,242)
Provision for liabilities: (360,965) (323,751)
Total net assets (liabilities): (1,671,813) (1,682,136)
Capital and reserves
Called up share capital: 1 1
Revaluation reserve:7(944,057)(944,057)
Profit and loss account: (727,757) (738,080)
Shareholders funds: (1,671,813) (1,682,136)

The notes form part of these financial statements

FARAWAY INVESTMENTS LIMITED

Balance sheet statements

For the year ending 5 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 January 2025
and signed on behalf of the board by:

Name: Dominic Peter Samuelson
Status: Director

The notes form part of these financial statements

FARAWAY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FARAWAY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

FARAWAY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

3. Fixed investments

The Investment in Campden Wealth Limited was written down to £1 on 05 April 2021

FARAWAY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 4,020,454 3,750,210

FARAWAY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

5. Creditors: amounts falling due within one year note

Loan Interest payable - £1,432,910 Accountancy fees - £1,500 Consultancy fees payable - £193,419 Salaries payable - £583 Jasmine Trustees Limited - £5,743

FARAWAY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

6. Creditors: amounts falling due after more than one year note

Loans payable to Faraway Capital Limited - £3,714,242

FARAWAY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

7. Revaluation reserve

2024
£
Balance at 06 April 2023 (944,057)
Surplus or deficit after revaluation 0
Balance at 05 April 2024 (944,057)

FARAWAY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2024

8. Related party transactions

Name of the related party: Faraway Capital Limited
Relationship:
Shareholder
Description of the Transaction: The transaction was a cash loan
£
Balance at 06 April 2023 3,714,242
Balance at 05 April 2024 3,714,242
Name of the related party: Campden Wealth Limited
Relationship:
Wholly owned subsidiary
Description of the Transaction: Loan to Campden Wealth Limited is unsecured, bears interest at 7% per annum which is capitalised and repayable on demand
£
Balance at 06 April 2023 3,750,210
Balance at 05 April 2024 4,020,454