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REGISTERED NUMBER: 12962698 (England and Wales)















Farnhams At Fontygary Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Farnhams At Fontygary Limited (Registered number: 12962698)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farnhams At Fontygary Limited

Company Information
for the Year Ended 31st March 2024







Director: D Farnham





Registered office: 7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ





Registered number: 12962698 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Farnhams At Fontygary Limited (Registered number: 12962698)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 81,833 93,524
Tangible assets 5 78,824 93,572
160,657 187,096

Current assets
Stocks 2,000 2,000
Debtors 6 - 2,616
Cash at bank and in hand 15,234 12,500
17,234 17,116
Creditors
Amounts falling due within one year 7 (140,840 ) (166,415 )
Net current liabilities (123,606 ) (149,299 )
Total assets less current liabilities 37,051 37,797

Creditors
Amounts falling due after more than one year 8 (18,672 ) (35,151 )
Net assets 18,379 2,646

Capital and reserves
Called up share capital 1 1
Retained earnings 18,378 2,645
18,379 2,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Farnhams At Fontygary Limited (Registered number: 12962698)

Balance Sheet - continued
31st March 2024


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 director and authorised for issue on 3rd February 2025 and were signed by:





D Farnham - Director


Farnhams At Fontygary Limited (Registered number: 12962698)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Farnhams At Fontygary 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.

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.

Going Concern
With the ongoing support of its parent company, fellow subsidiaries and ultimate shareholder the company has sufficient working capital to meet its ongoing needs to continue trading for a period in excess of 12 months. The accounts are prepared on the going concern basis as the Director is confident the company will continue to trade into the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at selling price less costs to sell.

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.

Farnhams At Fontygary Limited (Registered number: 12962698)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. Accounting policies - continued

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.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition

3. Employees and directors

The average number of employees during the year was 19 (2023 - 11 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st April 2023
and 31st March 2024 116,906
Amortisation
At 1st April 2023 23,382
Amortisation for year 11,691
At 31st March 2024 35,073
Net book value
At 31st March 2024 81,833
At 31st March 2023 93,524

5. Tangible fixed assets
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
Cost
At 1st April 2023
and 31st March 2024 33,196 72,747 10,000 115,943
Depreciation
At 1st April 2023 - 19,305 3,066 22,371
Charge for year - 13,361 1,387 14,748
At 31st March 2024 - 32,666 4,453 37,119
Net book value
At 31st March 2024 33,196 40,081 5,547 78,824
At 31st March 2023 33,196 53,442 6,934 93,572

Farnhams At Fontygary Limited (Registered number: 12962698)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors - 2,616

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts and finance leases 17,911 17,911
Trade creditors 4,640 5,190
Amounts owed to group undertakings 93,760 135,560
Tax 11,747 2,051
Social security and other taxes 763 -
VAT 5,322 1,153
Other creditors 112 50
Accrued expenses 6,585 4,500
140,840 166,415

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts and finance leases 18,672 35,151

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts and finance leases 36,583 53,062

Hire purchase contracts are secured against the assets which it relates too.

10. Related party disclosures

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.

11. Ultimate controlling party

The company is controlled by D&L Farnham.