Farleigh Rengen (Four) Limited - Accounts to registrar (filleted) - small 22.3
Farleigh Rengen (Four) Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 31 July 2021 to 29 July 2022 |
for |
Farleigh Rengen (Four) Limited |
Farleigh Rengen (Four) Limited (Registered number: 10039126) |
Contents of the Financial Statements |
for the Period 31 July 2021 to 29 July 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Farleigh Rengen (Four) Limited |
Company Information |
for the Period 31 July 2021 to 29 July 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Gowran House |
56 Broad Street |
Chipping Sodbury |
Bristol |
BS37 6AG |
Farleigh Rengen (Four) Limited (Registered number: 10039126) |
Balance Sheet |
29 July 2022 |
29.7.22 | 30.7.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves | 9 |
Retained earnings | 9 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Farleigh Rengen (Four) Limited (Registered number: 10039126) |
Balance Sheet - continued |
29 July 2022 |
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 and authorised for issue on |
Farleigh Rengen (Four) Limited (Registered number: 10039126) |
Notes to the Financial Statements |
for the Period 31 July 2021 to 29 July 2022 |
1. | STATUTORY INFORMATION |
Farleigh Rengen (Four) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2021 - NIL). |
Farleigh Rengen (Four) Limited (Registered number: 10039126) |
Notes to the Financial Statements - continued |
for the Period 31 July 2021 to 29 July 2022 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 31 July 2021 |
Additions |
At 29 July 2022 |
NET BOOK VALUE |
At 29 July 2022 |
At 30 July 2021 |
The property was valued on an open market basis at the year end by the directors of the company, based on information afforded by recent professional valuations of similar properties. |
Fair value at 29 July 2022 is represented by: |
£ |
Valuation in 2021 | 2,223,220 |
Cost | 3,899,458 |
6,122,678 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.7.22 | 30.7.21 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
VAT |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.7.22 | 30.7.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Amounts owed to participating interests | 396,886 | 358,481 |
Other creditors |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.7.22 | 30.7.21 |
£ | £ |
Bank loans - 1-2 years |
Amounts owed to participating interests | 154,034 | 213,917 |
Farleigh Rengen (Four) Limited (Registered number: 10039126) |
Notes to the Financial Statements - continued |
for the Period 31 July 2021 to 29 July 2022 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
29.7.22 | 30.7.21 |
£ | £ |
Bank loans |
The loans are secured by fixed charges over the development property of the company and floating charges against the company's assets. |
9. | RESERVES |
Retained earnings include both realised and unrealised profits. |
10. | RELATED PARTY DISCLOSURES |
At the year end the company owed £396,886 (2021 £358,481) to a company holding a participating interest. The loan was repayable on demand and no interest was charged during the year. |
The amounts due to participating interests due after one year include 172,518 redeemable shares of £1 each recorded at a discounted value of £154,034 (2021 £213,917) with the balancing figure of £122,924 (2021 - £112,403) representing a Capital Contribution within "Other reserves" less imputed interest charges to date of £104,440 (2021 - £86,733). |
The Redeemable Shares are accounted for on an amortised cost basis because they represent debt on which neither interest nor dividends are payable, the imputed interest is capitalized within the cost of the investment property. The Capital Contribution will unwind on the sale of the investment property by means of a transfer of the Capital Contribution to the Profit and Loss account. |