REGISTERED NUMBER: 00852106 (England and Wales)

PHILIP FARRINGTON PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

R Poplett

SECRETARY:

P E Poplett

REGISTERED OFFICE:

Unit 2

Victoria Enterprise Estate

Victoria Avenue

Peacehaven

East Sussex

BN10 8HJ

REGISTERED NUMBER:

00852106 (England and Wales)

ACCOUNTANTS:

Carpenter Box

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

FIXED ASSETS

Tangible assets

4

5,189,565

4,839,930

CURRENT ASSETS

Stocks

1,804,507

1,298,148

Debtors

5

30,000

30,215

Cash at bank

12,950

159,727

1,847,457

1,488,090

CREDITORS

Amounts falling due within one year

6

3,271,983

2,598,127

NET CURRENT LIABILITIES

(1,424,526

)

(1,110,037

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,765,039

3,729,893

PROVISIONS FOR LIABILITIES

7

507,378

507,378

NET ASSETS

3,257,661

3,222,515

CAPITAL AND RESERVES

Called up share capital

8

100

100

Other reserves

2,165,131

2,165,131

Retained earnings

1,092,430

1,057,284

SHAREHOLDERS' FUNDS

3,257,661

3,222,515

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd December 2025 and were signed by:

R Poplett - Director

1.	STATUTORY INFORMATION

Philip Farrington 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1st April 2024

4,839,565

33,263

4,872,828

Additions

350,000

-

350,000

Disposals

-

(33,263

)

(33,263

)

At 31st March 2025

5,189,565

-

5,189,565

DEPRECIATION

At 1st April 2024

-

32,898

32,898

Eliminated on disposal

-

(32,898

)

(32,898

)

At 31st March 2025

-

-

-

NET BOOK VALUE

At 31st March 2025

5,189,565

-

5,189,565

At 31st March 2024

4,839,565

365

4,839,930

Cost or valuation at 31st March 2025 is represented by:

Land and

buildings

£

Valuation in 2015

1,535,070

Valuation in 2016

107,142

Valuation in 2018

294,059

Valuation in 2019

735,985

Cost

2,517,309

5,189,565

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

2,517,309

2,167,309

Value of land in freehold land and buildings

558,007

558,007

Freehold land and buildings were valued on an open market basis on 31st March 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

30,000

30,215

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

79,023

104,694

Other creditors

3,192,960

2,493,433

3,271,983

2,598,127

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

507,378

507,378

Deferred

tax

£

Balance at 1st April 2024

507,378

Balance at 31st March 2025

507,378

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

405

Ordinary A

10p

40

40

145

Ordinary B

10p

15

15

450

Ordinary C

10p

45

45

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Philip Farrington Properties Limited for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Philip Farrington Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Philip Farrington Properties Limited and state those matters that we have agreed to state to the director of Philip Farrington Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philip Farrington Properties Limited and its director for our work or for this report.

It is your duty to ensure that Philip Farrington Properties 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 profit of Philip Farrington Properties Limited. You consider that Philip Farrington Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Philip Farrington Properties 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.

Carpenter Box

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

22nd December 2025