REGISTERED NUMBER: 03851984 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FARNHAM PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Piper

R J Stuttaford

SECRETARY:

Cargil Management Services Limited

REGISTERED OFFICE:

27-28 Eastcastle Street

London

W1W 8DH

REGISTERED NUMBER:

03851984 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

9 Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

FIXED ASSETS

Investments

4

212,361

212,361

Investment property

5

1,645,000

2,075,000

1,857,361

2,287,361

CURRENT ASSETS

Debtors

6

152,595

157,845

Prepayments and accrued income

594

464

Cash at bank

482,081

54,521

635,270

212,830

CREDITORS

Amounts falling due within one year

7

1,256,198

1,257,056

NET CURRENT LIABILITIES

(620,928

)

(1,044,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,236,433

1,243,135

PROVISIONS FOR LIABILITIES

150,496

150,496

NET ASSETS

1,085,937

1,092,639

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,085,927

1,092,629

1,085,937

1,092,639

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 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 9 September 2025 and were signed on its behalf by:

J M Piper - Director

1.	STATUTORY INFORMATION

Farnham Properties 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 as modified by the revaluation of certain assets.

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

212,361

NET BOOK VALUE

At 31 March 2025

212,361

At 31 March 2024

212,361

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,075,000

Disposals

(430,000

)

At 31 March 2025

1,645,000

NET BOOK VALUE

At 31 March 2025

1,645,000

At 31 March 2024

2,075,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

313,164

Valuation in 2022

1,761,836

Valuation in 2023

(430,000

)

1,645,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

152,595

157,845

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

474

Social security and other taxes

60

444

Other creditors

2,833

2,833

Directors' current accounts

1,252,705

1,252,705

Accrued expenses

600

600

1,256,198

1,257,056