Registered number
11145660
Farquharson Family Company Limited
Unaudited Filleted Accounts
31 January 2025
Farquharson Family Company Limited
Registered number: 11145660
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Investments 2 750,000 750,000
Current assets
Debtors 3 - 10,000
Cash at bank and in hand 71,586 62,062
71,586 72,062
Creditors: amounts falling due within one year 4 (1,505) (3,015)
Net current assets 70,081 69,047
Total assets less current liabilities 820,081 819,047
Creditors: amounts falling due after more than one year 5 (749,990) (749,990)
Net assets 70,091 69,057
Capital and reserves
Called up share capital 10 10
Profit and loss account 70,081 69,047
Shareholders' funds 70,091 69,057
Number Number
Average number of employees - -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S H Farquharson
Director
Approved by the board on 18 June 2025
Farquharson Family Company Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income from Investment Properties.
Investments
Investment Property is measured at fair value. Fair value is estimated by the directors after considering previous professional valuations. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Investments
Other
investments
£
Cost
At 1 February 2024 750,000
At 31 January 2025 750,000
Historical cost
At 1 February 2024 750,000
At 31 January 2025 750,000
Other investments are Freehold Property acquired by the company during 2018 with the cost representing the value of the property on acquisition. The directors consider that the historical cost of the property still represents a fair value of the property at the year end.
3 Debtors 2025 2024
£ £
Other debtors - 10,000
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 626 553
Directors loan account 635 588
Taxation and social security costs 244 1,874
1,505 3,015
5 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 749,990 749,990
6 Controlling party
The company is controlled by it's Directors; S J Clark, K M Farquharson, S H Farquharson and H S Preston.
7 Other information
Farquharson Family Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stowers Hill Farm
Moult Hill
Salcombe
United Kingdom
TQ8 8LF
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