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Registered number: 10726831
Farminer Developments (Farminers Yard) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TONY R J ELSDON FCCA
Chartered Certified Accountant
31 Wildcroft Drive
North Holmwood
Dorking
Surrey
RH5 4TL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10726831
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,736 2,339
Investment Properties 5 752,500 752,500
754,236 754,839
CURRENT ASSETS
Debtors 6 2,635 16,369
Cash at bank and in hand 9,950 3,665
12,585 20,034
Creditors: Amounts Falling Due Within One Year 7 (534,581 ) (501,760 )
NET CURRENT ASSETS (LIABILITIES) (521,996 ) (481,726 )
TOTAL ASSETS LESS CURRENT LIABILITIES 232,240 273,113
Creditors: Amounts Falling Due After More Than One Year 8 (282,576 ) (282,576 )
NET LIABILITIES (50,336 ) (9,463 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 81,043 81,043
Profit and Loss Account (131,479 ) (90,606 )
SHAREHOLDERS' FUNDS (50,336) (9,463)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Farminer
Director
Mr Marc Farminer
Director
11 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Farminer Developments (Farminers Yard) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10726831 . The registered office is Farminers Yard, Flexford Road, Normandy, Guildford, Surrey, GU3 2EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% per annum straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 6,026
As at 31 March 2025 6,026
Depreciation
As at 1 April 2024 3,687
Provided during the period 603
As at 31 March 2025 4,290
Net Book Value
As at 31 March 2025 1,736
As at 1 April 2024 2,339
Page 3
Page 4
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 752,500
6. Debtors
2025 2024
£ £
Due within one year
VAT 635 407
Amounts owed by group undertakings 2,000 15,962
2,635 16,369
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,157 -
Other creditors 26,933 26,651
Accruals and deferred income 2,034 1,750
Directors' loan accounts 475,945 473,359
Amounts owed to group undertakings 22,512 -
534,581 501,760
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Long term mortgage - Fleet Mortgages 282,576 282,576
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
25 Ordinary A shares of £ 1 each 25 25
25 Ordinary B shares of £ 1 each 25 25
25 Ordinary C shares of £ 1 each 25 25
25 Ordinary D shares of £ 1 each 25 25
100 100
10. Reserves
Revaluation Reserve
£
As at 1 April 2024 81,043
As at 31 March 2025 81,043
Page 4