0 Farnam Street Limited 15340560 false 2023-12-09 2025-03-31 2025-03-31 The principal activity of the company is that of a holding and investment company Digita Accounts Production Advanced 6.30.9574.0 true false 15340560 2023-12-09 2025-03-31 15340560 2025-03-31 15340560 bus:OrdinaryShareClass1 2025-03-31 15340560 bus:OrdinaryShareClass2 2025-03-31 15340560 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2025-03-31 15340560 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15340560 core:AdditionsToInvestments 2025-03-31 15340560 bus:SmallEntities 2023-12-09 2025-03-31 15340560 bus:AuditExemptWithAccountantsReport 2023-12-09 2025-03-31 15340560 bus:FilletedAccounts 2023-12-09 2025-03-31 15340560 bus:SmallCompaniesRegimeForAccounts 2023-12-09 2025-03-31 15340560 bus:RegisteredOffice 2023-12-09 2025-03-31 15340560 bus:Director1 2023-12-09 2025-03-31 15340560 bus:OrdinaryShareClass1 2023-12-09 2025-03-31 15340560 bus:OrdinaryShareClass2 2023-12-09 2025-03-31 15340560 bus:PrivateLimitedCompanyLtd 2023-12-09 2025-03-31 15340560 bus:Agent1 2023-12-09 2025-03-31 15340560 countries:EnglandWales 2023-12-09 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 15340560

Farnam Street Limited
Unaudited Filleted Financial Statements
for the Period from 9 December 2023 to 31 March 2025

Farnam Street Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Farnam Street Limited

Company Information

Director | Mr Digby Summerhill

Registered office | 77 Margaret Street London W1W 8SY

Accountants | Kajaine Kafton LLP Chartered Accountants42-46 Station Road Edgware Middlesex HA8 7AB

Farnam Street Limited

(Registration number: 15340560)
Balance Sheet as at 31 March 2025

| Note | 2025 £
Fixed assets |  |
Investments | 4 | 100
Other financial assets | 5 | 722,787
|  | 722,887
Current assets |  |
Cash at bank and in hand |  | 201
Creditors: Amounts falling due within one year | 6 | (991)
Net current liabilities |  | (790)
Net assets |  | 722,097
Capital and reserves |  |
Called up share capital | 7 | 100
Retained earnings |  | 721,997
Shareholders' funds |  | 722,097

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 September 2025

......................................... Mr Digby Summerhill Director

Farnam Street Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
77 Margaret Street
London
W1W 8SY

These financial statements were authorised for issue by the director on 4 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Farnam Street Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 March 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

Farnam Street Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 March 2025

4 | Investments

| 2025 £
Investments in subsidiaries | 100

Subsidiaries | £
Cost or valuation
Additions | 100
Provision
Carrying amount
At 31 March 2025 | 100

The Company owns 100% of the Ordinary share capital of EDC2 Ltd, a Company registered in England with registration number 06771284.

Farnam Street Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2023 to 31 March 2025

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
Revaluations | (33,233) | (33,233)
Additions | 756,020 | 756,020
At 31 March 2025 | 722,787 | 722,787
Impairment
Carrying amount
At 31 March 2025 | 722,787 | 722,787

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Accrued expenses |  | 990
Directors current account |  | 1
|  | 991

7 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary A Shares of £1 each | 5 | 5
Ordinary B Shares of £1 each | 95 | 95
| 100 | 100