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Company No: 06757174 (England and Wales)

# FIRGO BARN LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

FIRGO BARN LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

FIRGO BARN LIMITED

## BALANCE SHEET

As at 31 March 2025
FIRGO BARN LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 67,534 |  | 57,168
|  | 67,534 |  | 57,168
Current assets |  |  |  |
Debtors | 4 | 6,451 |  | 2
|  | 6,451 |  | 2
Creditors: amounts falling due within one year | 5 | ( 103,246) |  | ( 78,941)
Net current liabilities |  | (96,795) |  | (78,939)
Total assets less current liabilities |  | (29,261) |  | (21,771)
Net liabilities |  | ( 29,261) |  | ( 21,771)
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | ( 29,263 ) |  | ( 21,773 )
Total shareholder's deficit |  | ( 29,261) |  | ( 21,771)

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Firgo Barn Limited (registered number: 06757174) were approved and authorised for issue by the Board of Directors on 10 January 2026. They were signed on its behalf by:

Mr T A Tacchi Director |

FIRGO BARN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
FIRGO BARN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Firgo Barn Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Dairy, Fonthill Bishop, Salisbury, Wiltshire, SP3 5SH.
The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

##### Going concern

The directors have assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval of these financial statements. The directors note that the business has net liabilities of £29,261. The Company is supported through loans from a partnership of which one of the directors is a partner. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and that the partnership will continue to support the Company. Based on this ongoing financial support, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the statement of income and retained earnings.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 71,576 |  | 71,576
Additions | 12,068 |  | 12,068
At 31 March 2025 | 83,644 |  | 83,644
Accumulated depreciation |  |  |
At 01 April 2024 | 14,408 |  | 14,408
Charge for the financial year | 1,702 |  | 1,702
At 31 March 2025 | 16,110 |  | 16,110
Net book value |  |  |
At 31 March 2025 | 67,534 |  | 67,534
At 31 March 2024 | 57,168 |  | 57,168

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
VAT recoverable | 6,449 |  | 0
Other debtors | 2 |  | 2
| 6,451 |  | 2

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 5,160 |  | 0
Accruals | 1,150 |  | 0
Other creditors | 96,936 |  | 78,941
| 103,246 |  | 78,941

#### 6. Related party transactions

Included within other creditors is £96,936 (2024: £78,941) due to the Testbourne Farm Partnership of which one of the directors is a partner.
Also included within creditors is £5,160 (2024: Nil) owed to a director.