O'Farrell Enterprises Ltd - Accounts


2018-09-282019-09-30falseCapium Accounts Production1.111594730bus:AbridgedAccounts2018-09-282019-09-3011594730bus:FRS1022018-09-282019-09-3011594730bus:AuditExemptWithAccountantsReport2018-09-282019-09-3011594730bus:SmallCompaniesRegimeForAccounts2018-09-282019-09-3011594730bus:PrivateLimitedCompanyLtd2018-09-282019-09-30115947302018-09-282019-09-30115947302019-09-3011594730bus:RegisteredOffice2018-09-282019-09-3011594730core:WithinOneYear2019-09-3011594730core:AfterOneYear2019-09-3011594730bus:Director12018-09-282019-09-3011594730bus:Director12019-09-3011594730bus:Director22018-09-282019-09-3011594730bus:Director22019-09-30115947302017-09-2811594730bus:CompanySecretary12018-09-282019-09-3011594730bus:LeadAgentIfApplicable2018-09-282019-09-30115947302018-09-2711594730bus:OrdinaryShareClass12018-09-282019-09-3011594730bus:OrdinaryShareClass12019-09-3011594730core:CostValuationcore:Non-currentFinancialInstruments2019-09-3011594730core:CostValuationcore:Non-currentFinancialInstruments2018-09-2711594730core:AdditionsToInvestmentscore:Non-currentFinancialInstruments2019-09-3011594730core:DisposalsDecreaseInInvestmentscore:Non-currentFinancialInstruments2019-09-3011594730core:RevaluationsIncreaseDecreaseInInvestmentscore:Non-currentFinancialInstruments2019-09-3011594730core:Non-currentFinancialInstruments2019-09-3011594730core:Non-currentFinancialInstruments2018-09-2711594730core:ShareCapital2019-09-3011594730core:RetainedEarningsAccumulatedLosses2019-09-3011594730dpl:Item12018-09-2811594730dpl:Item12019-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered Number: 11594730
England and Wales

 

 

 

O'FARRELL ENTERPRISES LTD


Abridged Accounts
 


Period of accounts

Start date: 28 September 2018

End date: 30 September 2019
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of O'Farrell Enterprises Ltd for the period ended 30 September 2019 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of O'Farrell Enterprises Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of O'Farrell Enterprises Ltd and state those matters that we have agreed to state to the Board of O'Farrell Enterprises Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than O'Farrell Enterprises Ltd and its members as a body for our work or for this report.

It is your duty to ensure that O'Farrell Enterprises Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of O'Farrell Enterprises Ltd. You consider that O'Farrell Enterprises Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of O'Farrell Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Allazo Ltd
2 Claridge Court
Lower Kings Road
Berkhamsted
HP4 2AF
26 June 2020
1
 
 
Notes
 
2019
£
Fixed assets    
Investments 2 667,530 
667,530 
Current assets    
Cash at bank and in hand 50,506 
Creditors: amount falling due within one year (334,812)
Net current assets (284,306)
 
Total assets less current liabilities 383,224 
Creditors: amount falling due after more than one year (393,707)
Net assets (10,483)
 

Capital and reserves
   
Called up share capital 3 100 
Profit and loss account (10,583)
Shareholders funds (10,483)
 


For the period ended 30 September 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with Section 476
  2. 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
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 26 June 2020 and were signed on its behalf by:


--------------------------------
Damien OFarrell
Director
2
General Information
O'Farrell Enterprises Ltd is a private company, limited by shares , registered in England and Wales , registration number 11594730 , registration address 2 Claridge Court, Lower Kings Road, Berkhamsted, Hertfordshire, HP4 2AF.
1.

Accounting policies

Significant accounting policies
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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover includes revenue earned from the [sale of goods] and from the [rendering of service], the policies adopted are as follows:

Sale of goods
Sale of goods revenue is recognised at the point of sale, which is usually where the customer has taken delivery of the goods, the risks and rewards are transferred to the customer and there is a valid sales contract. Amounts disclosed as revenue are net of sales returns and trade discounts.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Other revenue
Other revenue is recognised when it is received or when the right to receive payment is established.
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Investments

Cost Other investments other than loans   Total
  £   £
At 28 September 2018  
Additions 667,530    667,530 
Disposals  
At 30 September 2019 667,530    667,530 

3.

Share Capital

Allotted
2019
£
100Class A shares of £1.00 each 100 
100 

3