| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| BIOFARE INVESTMENTS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| BIOFARE INVESTMENTS LIMITED |
| BIOFARE INVESTMENTS LIMITED (REGISTERED NUMBER: 07791507) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BIOFARE INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 DECEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 High Street |
| Thatcham |
| Berks |
| RG19 3JG |
| BIOFARE INVESTMENTS LIMITED (REGISTERED NUMBER: 07791507) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BIOFARE INVESTMENTS LIMITED (REGISTERED NUMBER: 07791507) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Biofare Investments Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery | - |
| Office equipment | - |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Office |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Disposals | ( |
) | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| BIOFARE INVESTMENTS LIMITED (REGISTERED NUMBER: 07791507) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 DECEMBER 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amounts owed to group undertakings |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Creditors due after more than one year are made up of a Joint Venture Loan which is an unsecured interest free loan repayable after six years. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| Ordinary | £1 | 550 | 550 |
| On the 1st July 2013 the company's issued share capital was reduced from £370,000 to £370. On the same day the holder of the cancelled shares subscribed simultaneously to £369,630 Joint Venture Loan notes. During the year to 31 December 2018, 180 ordinary shares were issued with a nominal value of £1 per share. |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2024 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 December 2024 | ( |
) |
| 10. | CONTINGENT LIABILITIES |
| There were no contingent liabilities at 31st December 2024 or at 31st December 2023. |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Throughout the year the directors were reimbursed expenses incurred on behalf of the company. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The immediate parent company within the group is Fieldfare International Ecological Development Ltd, a company incorporated in England & Wales, Registered Office, 2c Votec Centre, Hambridge Lane, Newbury, Berkshire RG14 5TN. |
| 13. | BALANCE SHEET POSITION |
| On the 31st December 2024 the company's liabilities exceeded its assets by £541,575 (2023 - £534,718). The largest creditors, being the holders of £549,450 Joint Venture Loan notes, have indicated their continued support for the company. The directors are confident that the company will be able to meet its financial obligations in the foreseeable future. |