IRIS Accounts Production
v19.1.0.737
03853241
Board of Directors
30.1.17
28.1.18
28.1.18
1.5.19
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Auditors Opinion
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REGISTERED NUMBER:
03853241
(England and Wales)
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FINANCIAL STATEMENTS FOR THE PERIOD 30 JANUARY 2017 TO 28 JANUARY 2018
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Notes to the Financial Statements
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3
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|
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DIRECTORS:
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V V Rybalchenko
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REGISTERED OFFICE:
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9 Pall Mall
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REGISTERED NUMBER:
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03853241 (England and Wales)
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SENIOR STATUTORY AUDITOR:
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Mr. Michael F Cox FCA
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AUDITORS:
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Cox Costello & Horne
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Chartered Accountants and Statutory Auditors
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14-15 Lower Grosvenor Place |
Investments
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4
|
3,380,112
|
|
3,380,112
|
|
|
Debtors
|
5
|
1,183,912
|
|
630,000
|
|
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NET CURRENT ASSETS
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1,183,946
|
|
630,034
|
|
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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4,564,058
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4,010,146
|
|
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Amounts falling due after more than one
year
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6
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1,183,912
|
|
1,341,606
|
|
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NET ASSETS
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3,380,146
|
|
2,668,540
|
|
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Called up share capital
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5,102,572
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|
5,102,572
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|
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Share premium
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519,881
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519,881
|
|
|
Capital redemption reserve
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4,702,169
|
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4,702,169
|
|
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Retained earnings
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(6,944,476
|
) |
(7,656,082
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) |
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SHAREHOLDERS' FUNDS
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3,380,146
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|
2,668,540
|
|
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The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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 May 2019 and were signed on its behalf by:
|
|
Farlows Group Limited is a
private company, limited by shares , registered in England and Wales. The
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company's registered number and registered office address can be found on the Company Information page.
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Basis of preparing the financial statements
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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. |
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The financial statements are drawn up on the going concern basis which assumes Farlows Group Limited will
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continue in operational existence for the foreseeable future. The Board of Directors have given due
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consideration to the working capital and cash flow requirements of Farlows Group Limited. The Board of
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Directors consider Farlows Group Limited's current and forecast cash resources to be sufficient to cover the
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working capital requirements of the company and its subsidiaries for at least 12 months from the date of signing
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the financial statements.The directors have been given reassurances of ongoing support from the shareholders
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Preparation of consolidated financial statements
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The financial statements contain information about Farlows Group Limited as an individual company and do not
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contain consolidated financial information as the parent of a group. The company is exempt under Section
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399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
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Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
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transactions with wholly owned subsidiaries within the group.
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Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to
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the extent that it relates to items recognised in other comprehensive income or directly in equity.
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Current or deferred taxation assets and liabilities are not discounted.
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
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substantively enacted by the balance sheet date.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
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those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
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that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal
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of the timing difference.
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
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will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Investments in subsidiaries
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Investment in a subsidiary company is held at cost less accumulated impairment losses.
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3.
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EMPLOYEES AND DIRECTORS
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The average number of employees during the period was NIL (2017 - NIL).
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4.
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FIXED ASSET INVESTMENTS
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and 28 January 2018
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5,304,160
|
|
|
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and 28 January 2018
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1,924,048 |
|
|
|
At 28 January 2018
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3,380,112
|
|
|
|
At 29 January 2017
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3,380,112
|
|
|
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The company's investments at the Balance Sheet date in the share capital of companies include the following:
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Registered office: 9 Pall Mall, London, SW1Y 5NP |
|
Nature of business:
Retail of country clothing and fishing |
|
Aggregate capital and reserves
|
(54,214
|
) |
(4,235,197
|
) |
|
|
Profit/(loss) for the period
|
4,180,892
|
|
(512,009
|
) |
|
|
Nature of business:
Dormant |
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Aggregate capital and reserves
|
1
|
|
1
|
|
|
5.
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DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|
|
|
Amount owed by group undertaking
|
1,183,912
|
|
630,000
|
|
|
6.
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|
|
|
Amount owed to group undertaking
|
1,183,912
|
|
1,341,606
|
|
|
7.
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DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
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The Report of the Auditors was unqualified.
|
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Mr. Michael F Cox FCA (Senior Statutory Auditor)
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|
for and on behalf of
Cox Costello & Horne |
8.
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RELATED PARTY DISCLOSURES
|
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Farlows International Ltd
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Registered office: 9 Pall Mall, London, SW1Y 5NP
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Amount due to related party at the balance sheet date
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Registered office: 9 Pall Mall, London, SW1Y 5NP
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The loan is unsecured, interest free and is considered long term in nature.
|
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Amount due from related party at the balance sheet date
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9.
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ULTIMATE CONTROLLING PARTY
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The ultimate controlling party is Mr V V Rybalchenko by virtue of his 85% shareholding in the parent company
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|
Farlows International Ltd.
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