Fairview Care and Housing Solutions Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Fairview Care and Housing Solutions Ltd

Company Information

Directors

Mr L Parker Mr A Mansell

Registered office

18-20 High Street Stevenage Hertfordshire SG1 3EJ

Fairview Care and Housing Solutions Ltd

(Registration number: 13579909)
Balance Sheet as at 31 August 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	283	600
Current assets
Debtors	5	-	1,638
Cash at bank and in hand		30,783	8,412
		30,783	10,050
Creditors: Amounts falling due within one year	6	(28,216)	(10,120)
Net current assets/(liabilities)		2,567	(70)
Total assets less current liabilities		2,850	530
Provisions for liabilities		(54)	(114)
Net assets		2,796	416
Capital and reserves
Called up share capital		2	2
Retained earnings		2,794	414
Shareholders' funds		2,796	416

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

Fairview Care and Housing Solutions Ltd

(Registration number: 13579909)
Balance Sheet as at 31 August 2023

......................................... Mr L Parker Director

......................................... Mr A Mansell Director

Fairview Care and Housing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1	General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
18-20 High Street
Stevenage
Hertfordshire
SG1 3EJ

The principal place of business is:
130 Fairview Road
Stevenage
SG1 2NS
England

These financial statements were authorised for issue by the Board on 29 September 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Fairview Care and Housing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	Straight line 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Fairview Care and Housing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an annual basis, Any adjustments are made accordingly through the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

Fairview Care and Housing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4	Tangible assets

	Computer equipment  £	Total £
Cost or valuation
At 1 September 2022	800	800
Disposals	(156)	(156)
At 31 August 2023	644	644
Depreciation
At 1 September 2022	200	200
Charge for the year	161	161
At 31 August 2023	361	361
Carrying amount
At 31 August 2023	283	283
At 31 August 2022	600	600

5

Debtors

Current	2023 £	2022 £
Trade debtors	-	1,000
Other debtors	-	638
	-	1,638

6

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Taxation and social security	24,989	8,371
Accruals and deferred income	1,050	1,050
Other creditors	2,177	699
	28,216	10,120