FAIRVIEW PARK MANAGEMENT COMPANY LIMITED |
Notes to the Accounts |
for the year ended 31 December 2021 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
not depreciated |
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Leasehold land and buildings |
over the lease term |
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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At 1 January 2021 |
25,535 |
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At 31 December 2021 |
25,535 |
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Depreciation |
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At 31 December 2021 |
- |
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Net book value |
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At 31 December 2021 |
25,535 |
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At 31 December 2020 |
25,535 |
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No professional valuation has been made of the freehold interest and the directors consider that it would be misleading to venture an opinion as to the market value at the balance sheet date. |
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4 |
Freehold reserve |
2021 |
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2020 |
£ |
£ |
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At 1 January 2021 |
25,535 |
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25,535 |
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At 31 December 2021 |
25,535 |
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25,535 |
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5 |
Limited by guarantee |
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The company is limited by guarantee without a share capital |
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6 |
Other information |
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FAIRVIEW PARK MANAGEMENT COMPANY LIMITED is a private company limited by guarantee and incorporated in England. Its registered office is: |
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147 Wareham Road |
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Corfe Mullen |
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Wimborne |
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Dorset |
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BH21 3LA |