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REGISTERED NUMBER: 02902190 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Farrar & Co. Ltd.

Farrar & Co. Ltd. (Registered number: 02902190)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Farrar & Co. Ltd.

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Mr J N Chambers
Mr T J Gilje





SECRETARY: Ms C D Chambers





REGISTERED OFFICE: 152 Fulham Road
London
SW10 9PR





REGISTERED NUMBER: 02902190 (England and Wales)





ACCOUNTANTS: Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Farrar & Co. Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Farrar & Co. Ltd. for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Farrar & Co. Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Farrar & Co. Ltd. and state those matters that we have agreed to state to the Board of Directors of Farrar & Co. Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farrar & Co. Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Farrar & Co. Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Farrar & Co. Ltd.. You consider that Farrar & Co. Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Farrar & Co. Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT


9 July 2025

Farrar & Co. Ltd. (Registered number: 02902190)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 722,314
Investments 5 600 395,986
Investment property 6 - 3,048,333
600 4,166,633

CURRENT ASSETS
Debtors 7 2,328,601 1,127,765

CREDITORS
Amounts falling due within one year 8 1,294,742 72,328
NET CURRENT ASSETS 1,033,859 1,055,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,034,459

5,222,070

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 1,997 1,997
Capital redemption reserve 54 54
Retained earnings 1,032,283 5,219,894
SHAREHOLDERS' FUNDS 1,034,459 5,222,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Farrar & Co. Ltd. (Registered number: 02902190)

Balance Sheet - continued
28 February 2025


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 9 July 2025 and were signed on its behalf by:




Mr J N Chambers - Director



Mr T J Gilje - Director


Farrar & Co. Ltd. (Registered number: 02902190)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Farrar & Co. Ltd. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.e financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

Farrar & Co. Ltd. (Registered number: 02902190)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2024 751,944
Disposals (751,944 )
At 28 February 2025 -
DEPRECIATION
At 1 March 2024 29,630
Charge for year 7,223
Eliminated on disposal (36,853 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 722,314

5. FIXED ASSET INVESTMENTS
Shares in Other
Group investments Totals
£    £    £   
COST
At 1 March 2024 395,986 - 395,986
Additions - 29,139 29,139
Disposals (395,386 ) (29,139 ) (424,525 )
At 28 February 2025 600 - 600
NET BOOK VALUE
At 28 February 2025 600 - 600
At 29 February 2024 395,986 - 395,986

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 3,048,333
Disposals (2,976,000 )
Revaluations (72,333 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 3,048,333


Farrar & Co. Ltd. (Registered number: 02902190)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 500 652
Amounts owed by group undertakings 2,002,801 1,094,611
Other debtors 325,300 32,502
2,328,601 1,127,765

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors - 17,543
Amounts owed to group undertakings 100 100
Taxation and social security 16,026 46,686
Other creditors 1,278,616 7,999
1,294,742 72,328

9. 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.

The company is related to the directors, and during the year the directors provided loans of £142,500 (2024:£212,000) to the company and were repaid £420,964 (2024: £1,039,570).
At 28 February 2025 £274,499 was owed by the directors to the company and included within debtors (2024 £3,965 was owed to the directors and is included within creditors).

The company is also related to entities under common control and at 28 February 2025 the company owed £1,277,478 to these entities, and is included within creditors.

10. ULTIMATE CONTROLLING PARTY

During the year the group was restructured and Farrar & Co properties Holdings Ltd became the parent company.
The company is under the control of the directors through their shareholdings in the parent company, and there is no individual controlling party.