Farndown Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04297989

FARNDOWN LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

FARNDOWN LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£

FIXED ASSETS

Tangible assets	4		960,000	1,260,000

CURRENT ASSETS

Debtors	5	83,832	111,045
Cash at bank and in hand		11,612	–
		--------	---------
		95,444	111,045

CREDITORS: amounts falling due within one year	6	( 29,958)		( 107,410)
		--------		---------
NET CURRENT ASSETS			65,486	3,635
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,025,486	1,263,635

CREDITORS: amounts falling due after more than one year	7	( 352,251)	( 524,694)
		------------	------------
NET ASSETS		673,235	738,941
		------------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	673,135	738,841
	---------	---------
SHAREHOLDER FUNDS	673,235	738,941
	---------	---------

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 2026 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

FARNDOWN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 17 August 2026 , and are signed on behalf of the board by:

D L Dresler

Director

Company registration number: 04297989

FARNDOWN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Dresler Smith Limited, Kenneth Hodgson House, 18 Park Square, Leeds, West Yorkshire, LS1 5JA.

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 comprises revenue recognised by the company in respect of rents received, exclusive of Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TANGIBLE ASSETS

	Investment property
	£
Cost
At 1 April 2025	1,260,000
Disposals	( 300,000)
	------------
At 31 March 2026	960,000
	------------
Depreciation
At 1 April 2025 and 31 March 2026	–
	------------
Carrying amount
At 31 March 2026	960,000
	------------
At 31 March 2025	1,260,000
	------------

Investment property has been valued by the director, on an open market basis, as at 31 March 2026.

5. DEBTORS

	2026	2025
	£	£
Trade debtors	12,010	9,133
Other debtors	71,822	101,912
	--------	---------
	83,832	111,045
	--------	---------

6. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	–	80,742
Other creditors	29,958	26,668
	--------	---------
	29,958	107,410
	--------	---------

7. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	352,251	524,694
	---------	---------