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REGISTERED NUMBER: 14013735 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024

FOR

FAR VENTURES LTD

FAR VENTURES LTD (REGISTERED NUMBER: 14013735)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

FAR VENTURES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024







DIRECTOR: Mr A C Ng Monica





REGISTERED OFFICE: St James' Hall
Mill Road
Lancing
West Sussex
BN15 0PT





REGISTERED NUMBER: 14013735 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
St James' Hall
Mill Road
Lancing
West Sussex
BN15 0PT

FAR VENTURES LTD (REGISTERED NUMBER: 14013735)

BALANCE SHEET
30 NOVEMBER 2024

2024 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 385 462
Investment property 5 350,000 350,000
350,385 350,462

CURRENT ASSETS
Debtors 6 7,101 7,720
Cash at bank 2,477 2,747
9,578 10,467
CREDITORS
Amounts falling due within one year 7 (130,285 ) (135,196 )
NET CURRENT LIABILITIES (120,707 ) (124,729 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,678

225,733

CREDITORS
Amounts falling due after more than one
year

8

(266,239

)

(266,239

)
NET LIABILITIES (36,561 ) (40,506 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 (28,808 ) (28,808 )
Retained earnings (7,853 ) (11,798 )
SHAREHOLDERS' FUNDS (36,561 ) (40,506 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FAR VENTURES LTD (REGISTERED NUMBER: 14013735)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





Mr A C Ng Monica - Director


FAR VENTURES LTD (REGISTERED NUMBER: 14013735)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Far Ventures 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 represents rents receivable on investment properties for the accounting period.

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 - 25% on reducing balance

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 2 ) .

FAR VENTURES LTD (REGISTERED NUMBER: 14013735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 30 November 2024 687
DEPRECIATION
At 1 April 2024 225
Charge for period 77
At 30 November 2024 302
NET BOOK VALUE
At 30 November 2024 385
At 31 March 2024 462

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 350,000
Additions 788
Impairments (788 )
At 30 November 2024 350,000
NET BOOK VALUE
At 30 November 2024 350,000
At 31 March 2024 350,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 (35,566 )
Cost 385,566
350,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2024
£    £   
Cost 385,566 385,566

Investment property was valued on an open market basis on 31 March 2024 by the directors .

The property was purchased in October 2022 and has not been revalued at the year end of November 2024. The director does not believe the market value would have changed in this period.

FAR VENTURES LTD (REGISTERED NUMBER: 14013735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Other debtors 7,101 7,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Amounts owed to group undertakings 22,371 -
Other creditors 107,914 135,196
130,285 135,196

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
Bank loans 266,239 266,239

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 266,239 266,239

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2024
£    £   
Bank loans 266,239 266,239

The mortgage is secured over the assets in the company, including the investment property.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2024
and 30 November 2024 (28,808 )

FAR VENTURES LTD (REGISTERED NUMBER: 14013735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 30 NOVEMBER 2024

11. RELATED PARTY DISCLOSURES

NGM Venture Group Ltd

A company in which Mr A C Ng Monica is a director


NGM Venture Group Ltd is the parent company of FAR Ventures Ltd in which Mr Monica has significant control also.

2024 2024
£    £   
Amount due to related party at the balance sheet date 22,000 -

Daily Body Coach Ltd

A company in which Mr A C Ng Monica is a director


Daily Body Coach Ltd and FAR Ventures Ltd are both subsidiary companies of NGM Venture Group, in which Mr A C Ng Monica has significant control also.

2024 2024
£    £   
Amount due to related party at the balance sheet date 371 -

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FAR VENTURES LTD

The following reproduces the text of the report prepared for the director 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Director 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 Far Ventures Ltd for the period ended 30 November 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Far Ventures Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Far Ventures Ltd and state those matters that we have agreed to state to the director of Far Ventures Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Far Ventures 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 Far Ventures Ltd. You consider that Far Ventures Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Far Ventures 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.






Peter Jarman LLP
trading as
Peter Jarman & Company
St James' Hall
Mill Road
Lancing
West Sussex
BN15 0PT


24 July 2025