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Company registration number: 9223330
Fairfield Developments (Brentwood) Limited
Unaudited filleted financial statements
31 December 2021
Fairfield Developments (Brentwood) Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Fairfield Developments (Brentwood) Limited
Directors and other information
Director Alan Perry
Company number 9223330
Registered office 57 Commercial Street
London
E1 6BD
Accountants Hill Allen (Wickford) Limited
Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Bankers Barclays Bank plc
Welwyn Garden City Branch
Leicestershire
LE87 2BB
Fairfield Developments (Brentwood) Limited
Statement of financial position
31 December 2021
2021 2020
Note £ £ £ £
Current assets
Debtors 4 26,025 27,687
Cash at bank and in hand - 95
_______ _______
26,025 27,782
Creditors: amounts falling due
within one year 5 ( 13,276) ( 8,899)
_______ _______
Net current assets 12,749 18,883
_______ _______
Total assets less current liabilities 12,749 18,883
Creditors: amounts falling due
after more than one year 6 ( 15,000) ( 19,000)
_______ _______
Net liabilities ( 2,251) ( 117)
_______ _______
Capital and reserves
Called up share capital 400 400
Profit and loss account ( 2,651) ( 517)
_______ _______
Shareholder deficit ( 2,251) ( 117)
_______ _______
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 September 2022 , and are signed on behalf of the board by:
Alan Perry
Director
Company registration number: 9223330
Fairfield Developments (Brentwood) Limited
Notes to the financial statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 57 Commercial Street, London, E1 6BD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Debtors
2021 2020
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 26,025 27,687
_______ _______
5. Creditors: amounts falling due within one year
2021 2020
£ £
Bank loans and overdrafts 5,036 1,000
Trade creditors 4,080 4,080
Corporation tax 3,200 3,339
Other creditors 960 480
_______ _______
13,276 8,899
_______ _______
6. Creditors: amounts falling due after more than one year
2021 2020
£ £
Bank loans and overdrafts 15,000 19,000
_______ _______
7. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2021 2020 2021 2020
£ £ £ £
Blueprint Acquisitions Limited - - 25,625 27,687
_______ _______ _______ _______
8. Controlling party
The company is a wholly owned subsidiary of Blueprint Acquisitions Limited , a company registered in England & Wales (07099357) and having a registered office at 57 Commercial Street, London E1 6BD.