The Farrier's Arms Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14601293 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Farrier's Arms Property Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

F T Snell

REGISTERED OFFICE:

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

REGISTERED NUMBER:

14601293 (England and Wales)

ACCOUNTANTS:

Thompsons Accountancy Services Limited

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

FIXED ASSETS

Intangible assets

5

24,000

27,000

Tangible assets

6

580,337

586,337

604,337

613,337

CURRENT ASSETS

Debtors

7

2,610

930

CREDITORS

Amounts falling due within one year

8

382,725

349,652

NET CURRENT LIABILITIES

(380,115

)

(348,722

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

224,222

264,615

CREDITORS

Amounts falling due after more than one
year

9

273,769

273,770

NET LIABILITIES

(49,547

)

(9,155

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(49,647

)

(9,255

)

(49,547

)

(9,155

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2025 and were signed by:

F T Snell - Director

1.	STATUTORY INFORMATION

The Farrier's Arms Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

3,000

Charge for year

3,000

At 31 March 2025

6,000

NET BOOK VALUE

At 31 March 2025

24,000

At 31 March 2024

27,000

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

and 31 March 2025

562,337

30,000

592,337

DEPRECIATION

At 1 April 2024

-

6,000

Charge for year

-

6,000

At 31 March 2025

-

12,000

NET BOOK VALUE

At 31 March 2025

562,337

18,000

580,337

At 31 March 2024

562,337

24,000

586,337

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

VAT

2,610

930

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to group undertakings

34,020

947

Directors' current accounts

347,905

Accrued expenses

800

382,725

349,652

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

273,769

273,770

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

273,769

273,770

The loan is secured on the freehold property known as the Farriers Arms, 32-34 Lower Dagnall Street, St Albans, AL3 4PT registered under title number HD451106.