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Company No: 14607424 (England and Wales)

BOROUGH FARNHAM LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

BOROUGH FARNHAM LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

BOROUGH FARNHAM LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
BOROUGH FARNHAM LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS L B Bibring (Appointed 02 August 2024)
L A Bibring (Appointed 02 October 2024)
J L Gallienne (Resigned 08 September 2023)
R B Gershon (Resigned 02 October 2024)
G D Thwaites (Appointed 08 September 2023, Resigned 02 October 2024)
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
COMPANY NUMBER 14607424 (England and Wales)
ACCOUNTANT Gravita II LLP
Aldgate Tower
2 Leman Street
E1 8FA
United Kingdom
BOROUGH FARNHAM LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
BOROUGH FARNHAM LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 31.07.2024 31.07.2023
£ £
Current assets
Stocks 1,007,518 683,927
Debtors 3 17,392 23,085
1,024,910 707,012
Creditors: amounts falling due within one year 4 ( 1,098,038) ( 745,086)
Net current liabilities (73,128) (38,074)
Total assets less current liabilities (73,128) (38,074)
Net liabilities ( 73,128) ( 38,074)
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account ( 73,228 ) ( 38,174 )
Total shareholder's deficit ( 73,128) ( 38,074)

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Borough Farnham Limited (registered number: 14607424) were approved and authorised for issue by the Board of Directors on 28 July 2025. They were signed on its behalf by:

L B Bibring
Director
BOROUGH FARNHAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
BOROUGH FARNHAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Borough Farnham Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Stocks

Stock comprises development land and property stated at the lower of cost and selling price less costs to complete and sell. Cost is based on the cost of purchase.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

Year ended
31.07.2024
6 month period
to 31.07.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

31.07.2024 31.07.2023
£ £
Other debtors 17,392 23,085

4. Creditors: amounts falling due within one year

31.07.2024 31.07.2023
£ £
Trade creditors 2,100 1
Amounts owed to Group undertakings 589,064 689,763
Other creditors 506,874 55,322
1,098,038 745,086

5. Called-up share capital

31.07.2024 31.07.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary share shares of £ 1.00 each 100 100

6. Related party transactions

The Company has taken advantage of the exemption conferred by FRS102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.