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REGISTERED NUMBER: 06263341 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Farrar & Co Properties Ltd.

Farrar & Co Properties Ltd. (Registered number: 06263341)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Farrar & Co Properties 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: 06263341 (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 Properties 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 Statement of Financial Position. 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 Properties Ltd. for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Properties 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 Properties Ltd. and state those matters that we have agreed to state to the Board of Directors of Farrar & Co Properties 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 Properties 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 Properties 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 profit of Farrar & Co Properties Ltd.. You consider that Farrar & Co Properties 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 Properties 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 Properties Ltd. (Registered number: 06263341)

Statement of Financial Position
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,942 38,759
Investments 5 - 30,413
17,942 69,172

CURRENT ASSETS
Debtors 6 285,305 328,610
Cash at bank 2,949,738 949,646
3,235,043 1,278,256
CREDITORS
Amounts falling due within one year 7 2,427,288 1,165,876
NET CURRENT ASSETS 807,755 112,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

825,697

181,552

PROVISIONS FOR LIABILITIES 1,261 -
NET ASSETS 824,436 181,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 824,336 181,452
824,436 181,552

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 Properties Ltd. (Registered number: 06263341)

Statement of Financial Position - 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 Properties Ltd. (Registered number: 06263341)

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

1. STATUTORY INFORMATION

Farrar & Co Properties 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.

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 has been fully amortised in the current year.

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 each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

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 statement of financial position date.


Farrar & Co Properties Ltd. (Registered number: 06263341)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 15 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 March 2024
and 28 February 2025 336,281 197,482 533,763
DEPRECIATION
At 1 March 2024 315,073 179,931 495,004
Charge for year 13,856 6,961 20,817
At 28 February 2025 328,929 186,892 515,821
NET BOOK VALUE
At 28 February 2025 7,352 10,590 17,942
At 29 February 2024 21,208 17,551 38,759

Farrar & Co Properties Ltd. (Registered number: 06263341)

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

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 March 2024 30,413
Disposals (29,139 )
Revaluations (1,274 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 30,413

During the year fixed asset investments were revalued to market value. The historic cost of these investments is £121,066.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 142,209 137,619
Amounts owed by group undertakings - 92,387
Other debtors 143,096 98,604
285,305 328,610

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 34,577 43,531
Amounts owed to group undertakings 2,002,801 818,740
Taxation and social security 274,965 194,430
Other creditors 114,945 109,175
2,427,288 1,165,876

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.25 29.2.24
£    £   
Within one year 200,625 193,624
Between one and five years 670,000 336,625
In more than five years 821,933 566,580
1,692,558 1,096,829

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.

Farrar & Co Properties Ltd. (Registered number: 06263341)

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

9. RELATED PARTY DISCLOSURES - continued

The company is related to entities under the control of the directors, and at 28 February 2025 £60,729 (2024: £92.387) was owed to the company and is included within debtors, and £38,634 is owed by the company and included within creditors.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, and there is no individual controlling party.
The company was a wholly owned subsidiary of Farrar & Co Ltd until 1 March 2024 when the group was restructured and Farrar & Co Holdings Ltd became the new parent company.
The group was restructured further on 25 July 2024 when Farrar & Co Properties Holdings Ltd became the new parent company.