REGISTERED NUMBER: 12570245 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Fabarch2 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Heinrich

C R Nichol

REGISTERED OFFICE:

27 Old Gloucester Street

London

United Kingdom

WC1N 3AX

REGISTERED NUMBER:

12570245 (England and Wales)

SENIOR STATUTORY AUDITOR:

Melissa Bowers FCCA

AUDITORS:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

FIXED ASSETS

Investment property

5

1,460,000

3,201,554

CURRENT ASSETS

Debtors

6

1,640

1,198

Cash at bank

106

800

1,746

1,998

CREDITORS

Amounts falling due within one year

7

21,515

3,558,397

NET CURRENT LIABILITIES

(19,769

)

(3,556,399

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,440,231

(354,845

)

CAPITAL AND RESERVES

Called up share capital

8

200

100

Share premium

3,485,838

-

Revaluation reserve

9

(1,741,554

)

-

Retained earnings

(304,253

)

(354,945

)

SHAREHOLDERS' FUNDS

1,440,231

(354,845

)

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 23 December 2025 and were signed on its behalf by:

C R Nichol - Director

1.	STATUTORY INFORMATION

Fabarch2 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Principal place of business is 15 Rathbone Street, London, W1T 1NB.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

After reviewing the company's financial situation, the directors have a reasonable expectation that the company has adequate resources, including the continuing financial support of its long term intra-group lender, to continue in operational existence for the foreseeable future.The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	AUDITORS' REMUNERATION

31.12.24

31.12.23

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

2,133

1,050

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

3,201,554

Revaluations

(1,741,554

)

At 31 December 2024

1,460,000

NET BOOK VALUE

At 31 December 2024

1,460,000

At 31 December 2023

3,201,554

The above asset relates to an option fee paid in order to purchase a property on 6 August 2024.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

(1,741,554

)

Cost

3,201,554

1,460,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

1,640

1,198

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

538

-

Trade creditors

6,835

6,297

Amounts owed to group undertakings

12,342

14,188

Amounts owed to associates

-

3,273,243

Other creditors

1,800

264,669

21,515

3,558,397

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

200

100

9.

RESERVES

Revaluatio

reserve

£

In year movement

(1,741,554

)

At 31 December 2024

(1,741,554

)

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)

for and on behalf of Harts Limited

11.	POST BALANCE SHEET EVENTS

On 12 March 2025 the option over the land was disposed of along with the land held by Fabarch Limited. At this point Fabarch 2 was released from its obligations under the option agreement. The option is valued at the sale price in the accounts.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Argo Holding GmbH, a company incorporated in Germany whose registered office is at Kienberger Allee 4, 12529, Schoenefeld, Germany.