0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,750,000 490,000 1,260,000 1,260,000 1,750,000 xbrli:pure xbrli:shares iso4217:GBP 04297989 2024-04-01 2025-03-31 04297989 2025-03-31 04297989 2024-03-31 04297989 2023-04-01 2024-03-31 04297989 2024-03-31 04297989 2023-03-31 04297989 bus:Director1 2024-04-01 2025-03-31 04297989 core:WithinOneYear 2025-03-31 04297989 core:WithinOneYear 2024-03-31 04297989 core:AfterOneYear 2025-03-31 04297989 core:AfterOneYear 2024-03-31 04297989 core:LandBuildings 2024-04-01 2025-03-31 04297989 core:ShareCapital 2025-03-31 04297989 core:ShareCapital 2024-03-31 04297989 core:RetainedEarningsAccumulatedLosses 2025-03-31 04297989 core:RetainedEarningsAccumulatedLosses 2024-03-31 04297989 core:LandBuildings 2025-03-31 04297989 core:LandBuildings 2024-03-31 04297989 core:LandBuildings 2024-03-31 04297989 bus:SmallEntities 2024-04-01 2025-03-31 04297989 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04297989 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04297989 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04297989 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 04297989
FARNDOWN LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2025
FARNDOWN LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
FIXED ASSETS
Tangible assets
4
1,260,000
1,750,000
CURRENT ASSETS
Debtors
5
111,045
898
CREDITORS: amounts falling due within one year
6
( 107,410)
( 113,047)
---------
---------
NET CURRENT ASSETS/(LIABILITIES)
3,635
( 112,149)
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,263,635
1,637,851
CREDITORS: amounts falling due after more than one year
7
( 524,694)
( 794,694)
------------
------------
NET ASSETS
738,941
843,157
------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
738,841
843,057
---------
---------
SHAREHOLDER FUNDS
738,941
843,157
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FARNDOWN LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 19 August 2025 , and are signed on behalf of the board by:
D L Dresler
Director
Company registration number: 04297989
FARNDOWN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Dresler Smith Limited, Kenneth Hodgson House, 18 Park Square, Leeds, West Yorkshire, LS1 5JA.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of rents received, exclusive of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Investment property
£
Cost
At 1 April 2024
1,750,000
Disposals
( 490,000)
------------
At 31 March 2025
1,260,000
------------
Depreciation
At 1 April 2024 and 31 March 2025
------------
Carrying amount
At 31 March 2025
1,260,000
------------
At 31 March 2024
1,750,000
------------
Investment property has been valued by the director, on an open market basis, as at 31 March 2025.
5. DEBTORS
2025
2024
£
£
Trade debtors
9,133
898
Other debtors
101,912
---------
----
111,045
898
---------
----
6. CREDITORS: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
80,742
48,939
Other creditors
26,668
64,108
---------
---------
107,410
113,047
---------
---------
7. CREDITORS: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
524,694
794,694
---------
---------