Registered number
00690491
Farmwood Investments Limited
Filleted Accounts
31 March 2025
Farmwood Investments Limited
Registered number: 00690491
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,075 1,075
Investments 4 1,132,196 1,164,005
1,133,271 1,165,080
Current assets
Debtors 5 1,941,587 809,875
Cash at bank and in hand 12,265 4,067
1,953,852 813,942
Creditors: amounts falling due within one year 7 (3,017,479) (1,457,056)
Net current liabilities (1,063,627) (643,114)
Net assets 69,644 521,966
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 19,644 471,966
Shareholders' funds 69,644 521,966
-
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B D Schimmel
Director
Approved by the board on 1 August 2025
Farmwood Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment property
£
Cost
At 1 April 2024 1,075
At 31 March 2025 1,075
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 1,075
At 31 March 2024 1,075
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2024 978,218 185,787 1,164,005
Revaluation - 85 85
Disposals (31,894) - (31,894)
At 31 March 2025 946,324 185,872 1,132,196
5 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 166,278 167,144
Other debtors 1,775,309 642,731
1,941,587 809,875
6 Investments held as current assets 2025 2024
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments - 10,306
Unlisted investments 85 -
85 10,306
7 Creditors: amounts falling due within one year 2025 2024
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,018,922 1,334,768
Taxation and social security costs (7,294) 93,177
Other creditors 5,851 29,111
3,017,479 1,457,056
8 Other information
Farmwood Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot lane
Stanmore
HA7 1JS
The company recognise Farmwood Limited as its holding company.
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