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REGISTERED NUMBER: 07215878 (England and Wales)















Unaudited Financial Statements For The Year Ended 30th June 2024

for

Farrell Page Properties Limited

Farrell Page Properties Limited (Registered number: 07215878)






Contents of the Financial Statements
For The Year Ended 30th June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Farrell Page Properties Limited

Company Information
For The Year Ended 30th June 2024







DIRECTORS: S Page
R M Farrell





SECRETARY: S Page





REGISTERED OFFICE: Levels Green Farmhouse
Levels Green
Farnham
Bishop's Stortford
Hertfordshire
CM23 1HY





REGISTERED NUMBER: 07215878 (England and Wales)





ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD

Farrell Page Properties Limited (Registered number: 07215878)

Statement of Financial Position
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34 45

CURRENT ASSETS
Debtors 5 142,500 162,500
Cash at bank and in hand 70,552 51,092
213,052 213,592
CREDITORS
Amounts falling due within one year 6 223,813 222,451
NET CURRENT LIABILITIES (10,761 ) (8,859 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,727

)

(8,814

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (10,729 ) (8,816 )
SHAREHOLDERS' FUNDS (10,727 ) (8,814 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

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 29th November 2024 and were signed on its behalf by:





S Page - Director


Farrell Page Properties Limited (Registered number: 07215878)

Notes to the Financial Statements
For The Year Ended 30th June 2024

1. STATUTORY INFORMATION

Farrell Page Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Farrell Page Properties Limited (Registered number: 07215878)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 581 1,738 2,319
DEPRECIATION
At 1st July 2023 537 1,737 2,274
Charge for year 11 - 11
At 30th June 2024 548 1,737 2,285
NET BOOK VALUE
At 30th June 2024 33 1 34
At 30th June 2023 44 1 45

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 142,500 162,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Directors' current accounts 223,243 221,911
Accrued expenses 570 540
223,813 222,451

7. RELATED PARTY DISCLOSURES

Throughout the accounting period the company was under the control of its directors. There was no ultimate controlling party.

Mr S Page loaned various sums to the company throughout the accounting period. At the end of the accounting period an amount of £222,090 remained outstanding. (2023: £220,758).

Mr R Farrell has made a loan to the company of £1,153 which was outstanding at the end of the accounting period. (2023: £1,153).

Included in other debtors is a loan to Farrell Electrical Services Limited in the sum of £142,500. (2023: £162,500). Mr R Farrell is a director of Farrell Electrical Services Limited and has significant interest.

The above loans are interest free and have no repayment date.