Company No:
Contents
Note | 31.08.2024 | |
£ | ||
Current assets | ||
Debtors | 3 |
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Cash at bank and in hand |
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621 | ||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (929) | |
Total assets less current liabilities | (929) | |
Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 5 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Farrar Cottage Ltd (registered number:
S N Semmens
Director |
A M Semmens
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Farrar Cottage Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leswidden Common Fuel Depot, Leswidden Common, Penzance, TR19 7RU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 28.11.2023 to 31.08.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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31.08.2024 | |
£ | |
Other debtors |
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31.08.2024 | |
£ | |
Other creditors |
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31.08.2024 | |
£ | |
Allotted, called-up and not yet paid | |
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Other related party transactions
31.08.2024 | |
£ | |
Leswidden Common Fuel Depot Ltd | (800) |
The above balance is included within other debtors and relates to an interest free loan due to Leswidden Common Fuel Depot Ltd, a company under common control.