Farmer Property Co Limited

Farmer Property Co Limited Accountants' Report For the year ended 30 April 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Farmer Property Co Limited for the year ended 30 April 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Farmer Property Co Limited for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Farmer Property Co Limited , as a body, in accordance with the terms of our engagement letter dated 18 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of Farmer Property Co Limited and state those matters that we have agreed to state to the Board of Directors of Farmer Property Co Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farmer Property Co Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Farmer Property Co Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Farmer Property Co Limited . You consider that Farmer Property Co 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 accounts of Farmer Property Co 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 accounts 30 April 2025. Lizst Price Limited 15 Falcon Way Brackley NN13 6 PZ 18 June 2025 1

Farmer Property Co Limited
Accountants' Report
For the year ended 30 April 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Farmer Property Co Limited for the year ended 30 April 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Farmer Property Co Limited for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Farmer Property Co Limited , as a body, in accordance with the terms of our engagement letter dated 18 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of Farmer Property Co Limited and state those matters that we have agreed to state to the Board of Directors of Farmer Property Co Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farmer Property Co Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Farmer Property Co Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Farmer Property Co Limited . You consider that Farmer Property Co 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 accounts of Farmer Property Co 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 accounts
30 April 2025.

Lizst Price Limited
15 Falcon Way
Brackley
NN13 6 PZ
18 June 2025

Farmer Property Co Limited
Balance Sheet
As at 30 April 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	1,790,432	1,790,576
		1,790,432	1,790,576
Current assets
Cash at bank and in hand		35,293	40,063
Creditors: amount falling due within one year		(862,671)	(891,052)
Net current assets		(827,378)	(850,989)

Total assets less current liabilities		963,054	939,587
Creditors: amount falling due after more than one year		(621,196)	(771,169)
Provisions for liabilities		(53,000)	(47,185)
Net assets		288,858	121,233

Capital and reserves
Called up share capital		100	2
Share premium account		149,902	0
Fair Value Reserves		158,991	158,991
Profit and loss account		(20,135)	(37,760)
Shareholders' funds		288,858	121,233

For the year ended 30 April 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 18 June 2025 and were signed on its behalf by:

-------------------------------
Adam James FARMER
Director

Farmer Property Co Limited
Notes to the Abridged Financial Statements
For the year ended 30 April 2025

General Information

Farmer Property Co Limited is a private company, limited by shares, registered in England and Wales, registration number 10141742, registration address 15 Falcon Way, Brackley, England, NN13 6PZ. The trading address of the company is 49 Bulwer Road, New Barnet, London, EN5 5EU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of rent and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25% Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.	Indebtedness Two of the three investment properties have bank loans of £621,196 secured on them.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Investment properties	Total
	£	£	£
At 01 May 2024	1,958	1,790,000	1,791,958
Additions	-	-	-
Disposals	-	-	-
At 30 April 2025	1,958	1,790,000	1,791,958
Depreciation
At 01 May 2024	1,382	-	1,382
Charge for year	144	-	144
On disposals	-	-	-
At 30 April 2025	1,526	-	1,526
Net book values
Closing balance as at 30 April 2025	432	1,790,000	1,790,432
Opening balance as at 01 May 2024	576	1,790,000	1,790,576

Investment Properties

Investment property comprises 3 freehold properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors of the company in league with a local Estate Agent. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The original cost of the investment properties is £1,578,009.

Fair Value Reserves

	2025 £	2024 £
Fair Value Reserve Bought Forward	158,991	176,656
Fair Value Reserve Movement	0	(17,665)
	158,991	158,991

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2025 £		2024 £		2025 £		2024 £
ASF Company Holdings Limited	0		0		(858,892)		(888,892)

7.	Ultimate Controlling Party The company's ultimate controlling party is ASF Company Holdings Limited by virtue of the ownership of 98% of the issued share capital in the company.


Registered Number: 10141742
England and Wales
FARMER PROPERTY CO LIMITED

Abridged Accounts

Period of accounts Start date: 01 May 2024 End date: 30 April 2025