Company registration number 06264361 (England and Wales)
FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,619
2,930
Current assets
Debtors
4
40,537
24,883
Cash at bank and in hand
459,747
344,711
500,284
369,594
Creditors: amounts falling due within one year
5
(442,850)
(316,489)
Net current assets
57,434
53,105
Total assets less current liabilities
61,053
56,035
Provisions for liabilities
(666)
(499)
Net assets
60,387
55,536
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
60,287
55,436
Total equity
60,387
55,536

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
31 August 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 March 2026 and are signed on its behalf by:
Mr D Crouch
Director
Company registration number 06264361 (England and Wales)
FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Farrell Heyworth Mortgages and Protection Limited is a private company limited by shares incorporated in England and Wales. The registered office is Second Floor Suite, The Pavilion, Covell Cross, Lancaster, LA1 1EX.

The company changed its name from Farrell Heyworth Franchising Limited to Farrell Heyworth Mortgages and Protection Limited on 16 March 2022.

1.1
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 true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

The turnover shown in the profit and loss account represents amounts receivable in respect of services provided during the period, exclusive of Value Added Tax. Income is recognised upon the company taking on the risk of the policies.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance

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 profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12

Group relief

The accounts have been prepared on the assumption that group relief is available to facilitate the transfer of corporation tax losses between companies in the group.

The directors have resolved that there may be payment for such losses surrendered.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
18
17
FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 September 2024
4,578
Additions
1,128
At 31 August 2025
5,706
Depreciation and impairment
At 1 September 2024
1,648
Depreciation charged in the year
439
At 31 August 2025
2,087
Carrying amount
At 31 August 2025
3,619
At 31 August 2024
2,930
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
40,537
24,883
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
236
Amounts owed to group undertakings
155,000
70,000
Taxation and social security
20,916
44,597
Other creditors
266,934
201,656
442,850
316,489
FARRELL HEYWORTH MORTGAGES AND PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
6
Financial commitments, guarantees and contingent liabilities

A cross-company unlimited guarantee is in place in favour of NatWest between the company, Farrell Heyworth Holdings Limited, Auction House North West Ltd, Farrell Heyworth Lettings Limited, Farrell Heyworth Surveyors Limited and Farrell Heyworth Limited.

At the balance sheet date, group borrowings payable to NatWest totalled £245,423 (2024: £Nil).

There is a contingent liability not provided for in the accounts in relation to amounts potentially payable to Legal and General under the full indemnity life assurance scheme, should clients cancel contracts at the balance sheet date. The company has provided for amounts that, based on past experience, it realistically expects to pay and as such do not believe that further disclosure is required.

7
Related party transactions

The company has taken advantage of the exemption conferred by Section 33 FRS102, namely from disclosing any transactions entered into between two or more members of the group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

2025-08-31 2024-09-01 false false false 13 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr J A French Mr M T Collins Mr A Collins Mr J F Collins Mr J R Collins Mr D Crouch 06264361 2024-09-01 2025-08-31 06264361 2025-08-31 06264361 2024-08-31 06264361 core:FurnitureFittings 2025-08-31 06264361 core:FurnitureFittings 2024-08-31 06264361 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 06264361 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 06264361 core:CurrentFinancialInstruments 2025-08-31 06264361 core:CurrentFinancialInstruments 2024-08-31 06264361 core:ShareCapital 2025-08-31 06264361 core:ShareCapital 2024-08-31 06264361 core:RetainedEarningsAccumulatedLosses 2025-08-31 06264361 core:RetainedEarningsAccumulatedLosses 2024-08-31 06264361 bus:Director6 2024-09-01 2025-08-31 06264361 core:FurnitureFittings 2024-09-01 2025-08-31 06264361 2023-09-01 2024-08-31 06264361 core:FurnitureFittings 2024-08-31 06264361 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 06264361 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 06264361 bus:FRS102 2024-09-01 2025-08-31 06264361 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 06264361 bus:Director1 2024-09-01 2025-08-31 06264361 bus:Director2 2024-09-01 2025-08-31 06264361 bus:Director3 2024-09-01 2025-08-31 06264361 bus:Director4 2024-09-01 2025-08-31 06264361 bus:Director5 2024-09-01 2025-08-31 06264361 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP