Registration number: 00719611

Furnaville Investment Company Limited

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

Furnaville Investment Company Limited

Company Information
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Directors

R Aarons Dr B Holder

Company secretary

R Aarons

Registered office

Abbey House 342 Regents Park Road N3 2LJ

Accountants

P K Shah & Co Limited Chartered Accountants60 Fairlands Avenue Thornton Heath Croydon Surrey CR7 6HA

Furnaville Investment Company Limited

(Registration number: 00719611)
Balance Sheet as at 31 December 2024
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	Note	2024 £		2023 £
Fixed assets
Tangible assets	3		450,000		450,000
Current assets
Debtors	4	6,949		7,387
Other financial assets		229,412		215,181
Cash at bank and in hand		39,464		50,057
		275,825		272,625
Ccreditors: Amounts falling due within one year	5	(24,229)		(27,014)
Net current assets			251,596		245,611
Net assets			701,596		695,611
Capital and reserves
Called up share capital	6	100		100
Revaluation reserve		409,765		409,765
Retained earnings		291,731		285,746
Shareholders' funds			701,596		695,611

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 September 2025 and signed on its behalf by:
 

......................................... R Aarons Company secretary and director

Furnaville Investment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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1	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	25% reducing balance

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.

Furnaville Investment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 3).

Furnaville Investment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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3	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	450,000	33,234	483,234
At 31 December 2024	450,000	33,234	483,234
Depreciation
At 1 January 2024	-	33,234	33,234
At 31 December 2024	-	33,234	33,234
Carrying amount
At 31 December 2024	450,000	-	450,000
At 31 December 2023	450,000	-	450,000

Included within the net book value of land and buildings above is £450,000 (2023 - £450,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Land and buildings was revalued on 31 December 2017. An independent valuer was not involved. The directors value the property in excess of £2.2m.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2023 - £Nil).

4

Debtors

Current	2024 £	2023 £
Trade debtors	110	-
Prepayments	1,386	1,385
Other debtors	5,453	6,002
	6,949	7,387

Furnaville Investment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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5	Ccreditors

Ccreditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Accruals and deferred income	17,500	17,500
Other creditors	6,729	9,514
	24,229	27,014

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100