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REGISTERED NUMBER: 03799682 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Farworth Developments Limited

Farworth Developments Limited (Registered number: 03799682)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farworth Developments Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P K Drobig
Mrs J L Drobig





SECRETARY: PHA Secretarial Services Ltd





REGISTERED OFFICE: 211-213 Higher Hillgate
Stockport
Cheshire
SK1 3RB





REGISTERED NUMBER: 03799682 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Farworth Developments Limited (Registered number: 03799682)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,255 290,266

CURRENT ASSETS
Debtors 5 1,904 3,722
Cash at bank 51 4,003
1,955 7,725
CREDITORS
Amounts falling due within one year 6 1,666 13,122
NET CURRENT ASSETS/(LIABILITIES) 289 (5,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,544

284,869

CREDITORS
Amounts falling due after more than
one year

7

206,281

207,140
NET ASSETS 81,263 77,729

Farworth Developments Limited (Registered number: 03799682)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 81,161 77,627
81,263 77,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





P K Drobig - Director


Farworth Developments Limited (Registered number: 03799682)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Farworth Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Farworth Developments Limited (Registered number: 03799682)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 278,581 27,457 15,659 321,697
DEPRECIATION
At 1 January 2024 - 15,873 15,558 31,431
Charge for year - 2,986 25 3,011
At 31 December 2024 - 18,859 15,583 34,442
NET BOOK VALUE
At 31 December 2024 278,581 8,598 76 287,255
At 31 December 2023 278,581 11,584 101 290,266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 31.12.23
£    £   
Other debtors 1,837 1,837
Tax - 1,885
VAT 67 -
1,904 3,722

Farworth Developments Limited (Registered number: 03799682)

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
£    £   
Trade creditors 366 12,066
Social security and other taxes 500 -
VAT - 296
Accrued expenses 800 760
1,666 13,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.12.24 31.12.23
£    £   
Directors' loan accounts 206,281 207,140