ACCOUNTS - Final Accounts

Registered number: 05904013

FARRINGFORD ESTATE LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025


FARRINGFORD ESTATE LIMITED

COMPANY INFORMATION

Directors	J L Sutton
	M Slade
	R M FitzGerald
	K Slade


Registered number	05904013


Registered office	Millhouse
	32-38 East Street
	Rochford
	Essex
	SS4 1DB


Accountants	Venthams
	Chartered Accountants
	Millhouse
	32 - 38 East Street
	Rochford
	Essex
	SS4 1DB


FARRINGFORD ESTATE LIMITED

CONTENTS

	Page
Directors' Report	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4 - 5
Statement of Changes in Equity	6
Notes to the Financial Statements	7 - 12


FARRINGFORD ESTATE LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 JANUARY 2025

The directors present their report and the financial statements for the year ended 31 January 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the year were:

J L Sutton

M Slade

R M FitzGerald

K Slade

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

................................................

M Slade

Director

Date: 24 October 2025

Page 1


FARRINGFORD ESTATE LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FARRINGFORD ESTATE LIMITED
FOR THE YEAR ENDED 31 JANUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Farringford Estate Limited for the year ended 31 January 2025 which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Farringford Estate Limited, as a body, in accordance with the terms of our engagement letter dated [date]. Our work has been undertaken solely to prepare for your approval the financial statements of Farringford Estate Limited and state those matters that we have agreed to state to the Board of Directors of Farringford Estate Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farringford Estate Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Farringford Estate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Farringford Estate Limited. You consider that Farringford Estate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Farringford Estate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Venthams

Chartered Accountants

Millhouse

32 - 38 East Street

Rochford

Essex

SS4 1DB

24 October 2025

Page 2


FARRINGFORD ESTATE LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JANUARY 2025

	2025	2024
Note	£	£


Turnover	271,729	254,935
Cost of sales	(21,732)	(18,296)
Gross profit	249,997	236,639
Administrative expenses	(1,159,729)	(1,139,619)
Operating loss	(909,732)	(902,980)
Interest receivable and similar income	591	399
Interest payable and similar expenses	-	(4)
Loss before tax	(909,141)	(902,585)
Loss for the financial year	(909,141)	(902,585)

Page 3


FARRINGFORD ESTATE LIMITED REGISTERED NUMBER:05904013

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		1,546,253		1,620,031
			1,546,253		1,620,031
Current assets
Debtors: amounts falling due within one year	6	24,630		17,251
Cash at bank and in hand	7	77,986		92,011
		102,616		109,262
Creditors: amounts falling due within one year	8	(41,532)		(122,815)
Net current assets/(liabilities)			61,084		(13,553)
Total assets less current liabilities			1,607,337		1,606,478

Net assets			1,607,337		1,606,478

Capital and reserves
Called up share capital		100	100
Other reserves	9	14,970,000	14,060,000
Profit and loss account	9	(13,362,763)	(12,453,622)
		1,607,337	1,606,478

Page 4


FARRINGFORD ESTATE LIMITED REGISTERED NUMBER:05904013

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M Slade

Director

Date: 24 October 2025

Page 5


FARRINGFORD ESTATE LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

	Called up share capital	Capital contribution	Profit and loss account	Total equity
	£	£	£	£
At 1 February 2023	100	13,365,000	(11,551,037)	1,814,063

Loss for the year	-	-	(902,585)	(902,585)
Shareholder contribution	-	695,000	-	695,000

At 1 February 2024	100	14,060,000	(12,453,622)	1,606,478

Loss for the year	-	-	(909,141)	(909,141)
Shareholder contribution	-	910,000	-	910,000
At 31 January 2025	100	14,970,000	(13,362,763)	1,607,337

Page 6


FARRINGFORD ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Farringford Estate Limited is a private company limited by shares, registered in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company continued to be that of heritage tourism.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The directors believe that it is appropriate for the financial statements to be prepared using this basis due to the financial support of the shareholder.

Page 7


FARRINGFORD ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 8


FARRINGFORD ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis

Property Improvements	-	5% straight line
Plant & machinery	-	20% straight line
Motor vehicles	-	20% straight line
Fixtures & fittings	-	20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 27 (2024 - 27).

Page 9


FARRINGFORD ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

4.	Taxation

	Factors that may affect future tax charges
	The company has estimated losses of £11,496,007 (2024: £10,639,196) to carry forward against future trading profits.

5.	Tangible fixed assets

	Property Improvements	Plant & machinery	Motor vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 February 2024	2,492,527	424,243	47,030	1,094,646	4,058,446
Additions	-	166,159	9,163	2,203	177,525
Disposals	-	(82,500)	-	-	(82,500)
At 31 January 2025	2,492,527	507,902	56,193	1,096,849	4,153,471
Depreciation
At 1 February 2024	1,129,312	252,821	6,144	1,050,138	2,438,415
Charge for the year on owned assets	124,634	62,849	9,404	25,541	222,428
Disposals	-	(53,625)	-	-	(53,625)
At 31 January 2025	1,253,946	262,045	15,548	1,075,679	2,607,218
Net book value
At 31 January 2025	1,238,581	245,857	40,645	21,170	1,546,253
At 31 January 2024	1,363,215	171,422	40,886	44,508	1,620,031

Page 10


FARRINGFORD ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Debtors

					2025	2024
					£	£


Trade debtors	3,063	160
Other debtors	13,878	10,373
Prepayments and accrued income	7,689	6,718
	24,630	17,251

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	77,986	92,011
	77,986	92,011

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	11,486	93,830
Taxation and social security	8,476	5,353
Other creditors	10,795	8,917
Accruals and deferred income	10,775	14,715
	41,532	122,815

Reserves

Capital contribution

The capital contribution reserve represents a contribution to the company by the shareholder.

Profit & loss account

The profit and loss account represents all past profits and losses made by the company.

Page 11


FARRINGFORD ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

10.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £14,655 (2024: £12,111). Contributions totalling £1,507 (2024: £1,313) are payable to the fund at the balance sheet date and are included in creditors.

11.	Related party transactions
	At the balance sheet date R M Fitzgerald, a shareholder of the company, had contributed £14,970,000 (2024: £14,060,000) to the company. At the year end the company owed her £9,288 (2024: £7,604) which is shown in other creditors.

Page 12