FARIMA PROPERTIES LTD

FARIMA PROPERTIES LTD

FARIMA PROPERTIES LTD - Company Information

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FARIMA PROPERTIES LTD

Company Registration Number:
05217352 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

FARIMA PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 August 2020

Balance sheet
Notes

FARIMA PROPERTIES LTD

Balance sheet

As at 31 August 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 6,453 8,066
Total fixed assets: 6,453 8,066
Current assets
Stocks: 3,000,437 2,244,661
Debtors: 4 567,264 294,895
Cash at bank and in hand: 170,608 788,562
Total current assets: 3,738,309 3,328,118
Creditors: amounts falling due within one year: 5 (2,999,233) (2,538,091)
Net current assets (liabilities): 739,076 790,027
Total assets less current liabilities: 745,529 798,093
Provision for liabilities: 0 (1,533)
Total net assets (liabilities): 745,529 796,560
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 745,528 796,559
Shareholders funds: 745,529 796,560

The notes form part of these financial statements

FARIMA PROPERTIES LTD

Balance sheet statements

For the year ending 31 August 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 July 2021
and signed on behalf of the board by:

Name: Mr M. Heapy
Status: Director

The notes form part of these financial statements

FARIMA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FARIMA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2020

2. Employees

2020 2019
Average number of employees during the period 3 3

FARIMA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2020

3. Tangible Assets

Total
Cost £
At 01 September 2019 10,637
At 31 August 2020 10,637
Depreciation
At 01 September 2019 2,571
Charge for year 1,613
At 31 August 2020 4,184
Net book value
At 31 August 2020 6,453
At 31 August 2019 8,066

FARIMA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

FARIMA PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2020

5. Creditors: amounts falling due within one year note

Bank Loans £443,171 (Nil)Trade Creditors £0 (853)Accruals £2,470 (6,373)Taxation and Social Security £13,571 (25,133)Directors loan account £2,539,168 (2,505,525)Other Creditors £853 (207)