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REGISTERED NUMBER: 07923696 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

FARROW RISK MANAGEMENT LIMITED

FARROW RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07923696)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FARROW RISK MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31st January 2025







DIRECTORS: A B Farrow
M J Farrow



REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



REGISTERED NUMBER: 07923696 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Barclays
Southampton City 2
Leicester
Liecestershire
LE87 2BB

FARROW RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07923696)

BALANCE SHEET
31st January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,820 2,066

CURRENT ASSETS
Debtors 5 947 2,635
Cash at bank 15,475 16,116
16,422 18,751
CREDITORS
Amounts falling due within one year 6 11,213 10,899
NET CURRENT ASSETS 5,209 7,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,029

9,918

PROVISIONS FOR LIABILITIES 346 393
NET ASSETS 6,683 9,525

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 6,581 9,423
SHAREHOLDERS' FUNDS 6,683 9,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th April 2025 and were signed on its behalf by:




A B Farrow - Director



M J Farrow - Director


FARROW RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07923696)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2025


1. STATUTORY INFORMATION

Farrow Risk Management 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.

Turnover
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

FARROW RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07923696)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2025


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st February 2024 692 2,900 16,168 19,760
Additions - - 1,009 1,009
At 31st January 2025 692 2,900 17,177 20,769
DEPRECIATION
At 1st February 2024 422 2,137 15,135 17,694
Charge for year 54 152 1,049 1,255
At 31st January 2025 476 2,289 16,184 18,949
NET BOOK VALUE
At 31st January 2025 216 611 993 1,820
At 31st January 2024 270 763 1,033 2,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 738 1,950
Other debtors 209 685
947 2,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 268
Taxation and social security 3,801 4,900
Other creditors 7,412 5,731
11,213 10,899

FARROW RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07923696)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2025


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary 1 100 100
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
102 102