| Farquharson Family Company Limited |
| Registered number: |
11145660 |
| Balance Sheet |
| as at 31 January 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investments |
2 |
|
|
750,000 |
|
|
750,000 |
|
| Current assets |
| Debtors |
3 |
|
5,000 |
|
|
- |
| Cash at bank and in hand |
|
|
51,763 |
|
|
71,586 |
| Loan (repayable 2026/27) |
|
|
20,000 |
|
|
- |
|
|
|
76,763 |
|
|
71,586 |
|
| Creditors: amounts falling due within one year |
4 |
|
(3,460) |
|
|
(1,505) |
|
| Net current assets |
|
|
|
73,303 |
|
|
70,081 |
|
| Total assets less current liabilities |
|
|
|
823,303 |
|
|
820,081 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(749,990) |
|
|
(749,990) |
|
|
|
| Net assets |
|
|
|
73,313 |
|
|
70,091 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
73,303 |
|
|
70,081 |
|
| Shareholders' funds |
|
|
|
73,313 |
|
|
70,091 |
|
|
|
|
|
|
|
|
|
| Number |
Number |
| Average number of employees |
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| S H Farquharson |
| Director |
| Approved by the board on 5 September 2026 |
|
| Farquharson Family Company Limited |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income from Investment Properties. |
|
|
Investments |
|
Investment Property is measured at fair value. Fair value is estimated by the directors after considering previous professional valuations. Changes in fair value are included in the profit and loss account. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 February 2025 |
750,000 |
|
|
At 31 January 2026 |
750,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 February 2025 |
750,000 |
|
At 31 January 2026 |
750,000 |
|
|
|
|
|
|
|
|
|
|
|
Other investments are Freehold Property acquired by the company during 2018 with the cost representing the value of the property on acquisition. The directors consider that the historical cost of the property still represents a fair value of the property at the year end. |
|
|
| 3 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
5,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
725 |
|
626 |
|
Directors loan account |
|
|
|
|
1,991 |
|
635 |
|
Taxation and social security costs |
744 |
|
244 |
|
|
|
|
|
|
3,460 |
|
1,505 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
749,990 |
|
749,990 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
The company is controlled by it's Directors; S J Clark, K M Farquharson, S H Farquharson and H S Preston. |
|
|
| 7 |
Other information |
|
|
Farquharson Family Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Stowers Hill Farm |
|
Moult Hill |
|
Salcombe |
|
United Kingdom |
|
TQ8 8LF |