Company No:
Contents
| 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 |
| Note | 31.07.2024 | 31.07.2023 | ||
| £ | £ | |||
| Current assets | ||||
| Stocks |
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| Debtors | 3 |
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| 1,024,910 | 707,012 | |||
| Creditors: amounts falling due within one year | 4 | (
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| Net current liabilities | (73,128) | (38,074) | ||
| Total assets less current liabilities | (73,128) | (38,074) | ||
| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 5 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Directors' responsibilities:
The financial statements of Borough Farnham Limited (registered number:
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L B Bibring
Director |
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.
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 £.
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.
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.
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.
| Year ended 31.07.2024 |
6 month period to 31.07.2023 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| 31.07.2024 | 31.07.2023 | ||
| £ | £ | ||
| Other debtors |
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| 31.07.2024 | 31.07.2023 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Other creditors |
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| 31.07.2024 | 31.07.2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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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.