Farooq & Co (London) Limited 31/03/2025 iXBRL

Company registration number: 06538216

Farooq & Co (London) Limited

Unaudited filleted financial statements

31 March 2025

Farooq & Co (London) Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Farooq & Co (London) Limited

Directors and other information


	Directors
		Irfan Mansoor


	Company number	06538216


	Registered office	Suite 14
		45 St Mary's Road
		Ealing
		London
		W5 5RG

Farooq & Co (London) Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	1,802		2,087
		_______		_______
			1,802		2,087

Current assets
Debtors	5	447,755		354,065
Cash at bank and in hand		35,001		31,124
		_______		_______
		482,756		385,189
Creditors: amounts falling due
within one year	6	( 127,233)		( 82,636)
		_______		_______
Net current assets			355,523		302,553
			_______		_______
Total assets less current liabilities			357,325		304,640

			_______		_______
Net assets			357,325		304,640
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			357,324		304,639
			_______		_______
Shareholders funds			357,325		304,640
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 December 2025 , and are signed on behalf of the board by:

Irfan Mansoor

Director

Company registration number: 06538216

Farooq & Co (London) Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 14, 45 St Mary's Road, Ealing, London, W5 5RG.

2. Accounting policies

Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a fair view. The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

4. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2024	58,169	58,169
Additions	549	549
	_______	_______
At 31 March 2025	58,718	58,718
	_______	_______
Depreciation
At 1 April 2024	56,083	56,083
Charge for the year	833	833
	_______	_______
At 31 March 2025	56,916	56,916
	_______	_______
Carrying amount
At 31 March 2025	1,802	1,802
	_______	_______
At 31 March 2024	2,086	2,086
	_______	_______

5. Debtors

	2025	2024
	£	£
Trade debtors	53,145	30,122
Other debtors	394,610	323,943
	_______	_______
	447,755	354,065
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	14,717	11,461
Social security and other taxes	22,505	17,137
Other creditors	90,011	54,038
	_______	_______
	127,233	82,636
	_______	_______

7. Related party

At the financial year end date, included in other debtors is amount due from a related party, Farooq & Co (Holdings) Ltd, a company registered in England & Wales. The amount due from this company at the financial year end date was £394,610 (2024: £322,610).

8. The ultimate controlling party

At the financial year end date, the ultimate controlling party is Farooq & Co (Holdings) Ltd, a company registered in England & Wales.

9. Directors advances, credits and guarantees

At the financial year end the director was owed £47,260 (2024: £18,737). This loan is interest free with no specific date of repayment.