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Farleigh Rengen (The Guild) Limited
Unaudited Financial Statements
For The Year Ended 29 July 2024
Farleigh Rengen (The Guild) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Farleigh Rengen (The Guild) Limited
Balance Sheet
As At 29 July 2024
Balance Sheet
Registered number: 12046935

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 5,789,874 |  | 5,714,336
|  |  | 5,789,874 |  | 5,714,336
CURRENT ASSETS
Debtors | 5 | 29,415 |  | 96,599 |
Cash at bank and in hand |  | 566 |  | 455 |
|  | 29,981 |  | 97,054 |
Creditors: Amounts Falling Due Within One Year | 6 | (108,314 ) |  | (108,693 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (78,333 ) |  | (11,639 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5,711,541 |  | 5,702,697
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (3,829,640 ) |  | (3,860,911 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (350,312 ) |  | (311,154 )
NET ASSETS |  |  | 1,531,589 |  | 1,530,632
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Other reserves |  |  | 75,482 |  | 72,094
Profit and Loss Account |  |  | 1,456,007 |  | 1,458,438
SHAREHOLDERS' FUNDS |  |  | 1,531,589 |  | 1,530,632

Page 1
Page 2
Farleigh Rengen (The Guild) Limited
Balance Sheet (continued)
As At 29 July 2024
For the year ending 29 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr David Steadman Director
31 December 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Farleigh Rengen (The Guild) Limited
Notes to the Financial Statements
For The Year Ended 29 July 2024
Notes to the Financial Statements
1. General Information
Farleigh Rengen (The Guild) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12046935 . The registered office is 92 Redcliff Street, Bristol, BS1 6LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
Farleigh Rengen (The Guild) Limited
Notes to the Financial Statements (continued)
For The Year Ended 29 July 2024
4. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 30 July 2023 | 5,714,336
Additions | 122,617
Disposals | (47,079 )
As at 29 July 2024 | 5,789,874

The property was valued on an opne market basis at the year end by the diretcors of the company, based on information afforded by recent professional valuations of similar properties. The fair value at 29 July 2024 is represented by a valuation in 2021 of £1,685,540 and costs of £4,104,334.
The cost of the property of £4,104,334 (2023 - £4,028,796) includes capitalised finance charges of £487,701 (2023 - £483,482).
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 27,767 |  | 1,205
VAT | 1,648 |  | -
Amounts owed by other participating interests | - |  | 95,394
| 29,415 |  | 96,599

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,725 |  | 67,374
Accruals and deferred income | 1,500 |  | 3,000
Amounts owed to other participating interests | 103,089 |  | 38,319
| 108,314 |  | 108,693

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 3,829,640 |  | 3,860,911

Page 4
Page 5
Farleigh Rengen (The Guild) Limited
Notes to the Financial Statements (continued)
For The Year Ended 29 July 2024
8. Secured Creditors
The following secured debts are included within creditors.
The loan is secured by a fixed charges over the property, floating charges held against the company's assets and a joint and several guarantee provided by companies related to the beneficial owners of the company.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 3,829,640 |  | 3,860,911

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Related Party Transactions
At the year end the company owed £103,089 (2023 - £38,319) to a company holding a participating interest. The loan was repayable on demand and no interest was charged during the year.
The amounts due to participating interests due within one year includes 500,000 Redemmeable Shares of £1 each, less payments of £459,381 recorded at a discounted value of £38,319 (2023 - £38,319) with the balancing figure of £75,482 (2023 - £72,094 representing a Capital Contribution within "Other reserves" less imputed interest charges to date of £71,014 (2023 - £69,795).
The Redeemable Shares are accounted for on an amortised cost basis becuase they represent debt on which neither interest nor dividends are payable, the imputed interest is capitalised within the cost of the investment property. The Capital Contribution will unwind on the sale of the investment property by means of a transfer of the Capital Contribution to the Profit and Loss Account.
Page 5