D R Farrow Developments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12202777

D R Farrow Developments Ltd

Filleted Unaudited Financial Statements

31 March 2025

D R Farrow Developments Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	–	89
Investments	6	50	50
		----	----
		50	139

Current assets

Debtors	7	910	874
Cash at bank and in hand		1,288	20,506
		-------	--------
		2,198	21,380

Creditors: amounts falling due within one year	8	1,822		1,508
		-------		--------
Net current assets			376		19,872
			----		--------
Total assets less current liabilities			426		20,011
			----		--------
Net assets			426		20,011
			----		--------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		326	19,911
		----	--------
Shareholders funds		426	20,011
		----	--------

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 income and retained earnings has not been delivered.

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

D R Farrow Developments Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr D Farrow
Director

Company registration number: 12202777

D R Farrow Developments Ltd

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 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

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 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.

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:

	Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	830
	----
Depreciation
At 1 April 2024	741
Charge for the year	89
	----
At 31 March 2025	830
	----
Carrying amount
At 31 March 2025	–
	----
At 31 March 2024	89
	----

6. Investments

	Shares in participating interests
	£
Cost
At 1 April 2024 and 31 March 2025	50
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	50
	----
At 31 March 2024	50
	----

7. Debtors

	2025	2024
	£	£
Corporation tax repayable	19	19
Other debtors	891	855
	----	----
	910	874
	----	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to undertakings in which the company has a participating interest	746	747
Accruals and deferred income	945	630
Social security and other taxes	131	131
	-------	-------
	1,822	1,508
	-------	-------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	60	60	60	60
Ordinary B shares of £ 1 each	40	40	40	40
	----	----	----	----
	100	100	100	100
	----	----	----	----

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr D Farrow	675	216	891
	----	----	----

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr D Farrow	( 125)	800	675
	----	----	----

11. Related party transactions

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

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Related Company	–	( 49)	( 747)	( 747)
	----	----	----	----

During the year the company received management charges amounting to £nil (2024: £15,000) and dividends of £nil (2024: £15,000) from a company in which it has a participating interest. During the year, professional fees of £ 17,111 were paid to a relative of the director.