Company No: 15312646 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.08.2025		31.08.2024
		£		£
Fixed assets
Investment property	3	595,000		0
		595,000		0
Current assets
Debtors	4	986		1
Cash at bank and in hand		13,226		620
		14,212		621
Creditors: amounts falling due within one year	5	( 604,580)		( 1,550)
Net current liabilities		(590,368)		(929)
Total assets less current liabilities		4,632		(929)
Net assets/(liabilities)		4,632		( 929)
Capital and reserves
Called-up share capital	6	1		1
Profit and loss account		4,631		( 930 )
Total shareholder's funds/(deficit)		4,632		( 929)

For the financial year ending 31 August 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 Farrar Cottage Ltd (registered number: 15312646) were approved and authorised for issue by the Board of Directors on 23 April 2026. They were signed on its behalf by:

S N Semmens Director

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 period, unless otherwise stated.

General information and basis of accounting

Farrar Cottage Ltd (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 Leswidden Common Fuel Depot, Leswidden Common, Penzance, TR19 7RU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Tangible fixed assets

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

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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

	Year ended 31.08.2025		Period from 28.11.2023 to 31.08.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	0
Additions	595,000
As at 31 August 2025	595,000

Valuation

Investment property is carried at cost which is considered by the directors to be fair value.

4. Debtors

	31.08.2025		31.08.2024
	£		£
Trade debtors	985		0
Other debtors	1		1
	986		1

5. Creditors: amounts falling due within one year

	31.08.2025		31.08.2024
	£		£
Taxation and social security	2,161		0
Other creditors	602,419		1,550
	604,580		1,550

6. Called-up share capital

	31.08.2025		31.08.2024
	£		£
Allotted, called-up and not yet paid
1 Ordinary share of £ 1.00	1		1

7. Related party transactions

Other related party transactions

	31.08.2025		31.08.2024
	£		£
Leswidden Common Fuel Depot Ltd	(601,045)		(800)

The above balance is included within other debtors and relates to an interest free loan due to Leswidden Common Fuel Depot Ltd, a company under common control.

During the year, an investment property was transferred by an interest free loan at its fair market value of £595,000, from Leswidden to Farrar.