Fabarch Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11036681 (England and Wales)

Financial Statements for the Year Ended 31 December 2018

for

Fabarch Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J A Heinrich

C R Nichol

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

11036681 (England and Wales)

SENIOR STATUTORY
AUDITOR:

Melissa Bowers FCCA

AUDITOR:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

FIXED ASSETS

Investment property

4

3,361,025

-

CURRENT ASSETS

Debtors

5

18,245

100

Cash at bank

22,013

-

40,258

100

CREDITORS

Amounts falling due within one year

6

3,581,162

-

NET CURRENT (LIABILITIES)/ASSETS

(3,540,904

)

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

(179,879

)

100

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(179,979

)

-

(179,879

)

100

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 October 2019 and were signed on its
behalf by:

C R Nichol - Director

1.	STATUTORY INFORMATION

Fabarch Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The place of business is 15 Rathbone St, Fitzrovia, London W1T 1NB.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property

Investment properties are held at cost and are neither revalued at the balance sheet date nor

depreciated. In the director's opinion the purchase cost in the year is considered to be the fair value at

the year end.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

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.

Going concern

After reviewing the company's financial situation, the directors have a reasonable expectation that the

company has adequate resources, including the continuing financial support of its parent company, to

continue in operational existence for the foreseeable future. The company therefore continues to adopt

the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

3,361,025

At 31 December 2018

3,361,025

NET BOOK VALUE

At 31 December 2018

3,361,025

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Other debtors

18,245

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Trade creditors

33,105

-

Amounts owed to group undertakings

1,401,548

-

Amounts owed to associates

2,094,900

-

Other creditors

51,609

-

3,581,162

-

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)

for and on behalf of Harts Limited

The financial statements for the year ended 31 December 2018 were the first accounting period to be

subject to a statutory audit. As such the comparative figures for these financial statements have not

been audited.

8.	POST BALANCE SHEET EVENTS

On 4th June 2019, the company acquired Clifford Devlin (Holdings) Ltd.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Argo Holding GmbH, a company incorporated in Germany whose

registered office is at Wehrmathen 74, 12529 Schonefeld, Germany.

Fabarch Ltd - Accounts to registrar (filleted) - small 18.2

Fabarch Ltd - Accounts to registrar (filleted) - small 18.2