Registration number: 04911153

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

Company Information

Directors

Teresa Dzierzek Peter Dzierzek

Registered office

9 Hare & Billet Road Blackheath SE3 0RB

Accountants

Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

(Registration number: 04911153)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	483,024	504,764
Current assets
Stocks	6	45,000	46,000
Debtors	7	10,201	21,881
Cash at bank and in hand		305,513	281,456
		360,714	349,337
Creditors: Amounts falling due within one year	8	(147,400)	(186,824)
Net current assets		213,314	162,513
Total assets less current liabilities		696,338	667,277
Provisions for liabilities		(9,582)	(11,340)
Net assets		686,756	655,937
Capital and reserves
Called up share capital	10	1,000	1,000
Retained earnings		685,756	654,937
Shareholders' funds		686,756	655,937

For the financial year ending 31 March 2025 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.

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

(Registration number: 04911153)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 10 November 2025 and signed on its behalf by:
 

......................................... Teresa Dzierzek Director

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

Notes to the Unaudited Financial Statements for the Year Ended 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:
9 Hare & Billet Road
Blackheath
SE3 0RB

These financial statements were authorised for issue by the Board on 10 November 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 recognised when delivered.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

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 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Taxation

Tax charged/(credited) in the income statement

	2025 £	2024 £
Current taxation
UK corporation tax	13,214	23,072
Deferred taxation
Arising from origination and reversal of timing differences	(1,757)	(4,730)
Tax expense in the income statement	11,457	18,342

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	535,502	22,743	67,111	52,135	677,491
Additions	-	2,627	-	-	2,627
At 31 March 2025	535,502	25,370	67,111	52,135	680,118
Depreciation
At 1 April 2024	80,097	14,008	42,491	36,131	172,727
Charge for the year	10,710	3,501	6,155	4,001	24,367
At 31 March 2025	90,807	17,509	48,646	40,132	197,094
Carrying amount
At 31 March 2025	444,695	7,861	18,465	12,003	483,024
At 31 March 2024	455,405	8,736	24,619	16,004	504,764

Included within the net book value of land and buildings above is £444,695 (2024 - £455,405) in respect of freehold land and buildings.
 

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Stocks

	2025 £	2024 £
Other inventories	45,000	46,000

7

Debtors

Current	2025 £	2024 £
Prepayments	8,374	8,835
Other debtors	1,827	13,046
	10,201	21,881

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	-	22,828
Trade creditors		50,314	23,359
Social security and other taxes		7,852	8,644
Outstanding defined contribution pension costs		390	380
Other payables		42,090	70,857
Accruals		33,540	37,684
Income tax liability		13,214	23,072
		147,400	186,824

9	Deferred tax and other provisions

	Deferred tax £	Total £
At 1 April 2024	11,340	11,340
Increase (decrease) in existing provisions	(1,758)	(1,758)
At 31 March 2025	9,582	9,582

Farningham Pine & Oak Limited

trading as The London Road Furniture Company

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

11	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	-	22,828

12

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil (2024 - £14.30) per each Ordinary shares		-		14,300

13	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	38,000	48,000