FAIRFAX DESIGN AND BUILD LIMITED

Company Registration Number:
11770715 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

FAIRFAX DESIGN AND BUILD LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FAIRFAX DESIGN AND BUILD LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

Principal ActivitiesThe Company is a wholly owned subsidiary of Fairhive Homes Limited and it was formed to design and build properties particularly for the group and potentially other organisations outside of the group.

Political and charitable donations

Tax and gift aidThe Company makes a qualifying donation of all taxable profits to a charitable group company. The gift aid paid during the year is reflected in the accounts and for any remaining taxable profit not paid by the year end we accrue the tax relief as we expect to pay within 9 months.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Barbara Richardson
Steven Lambert
Susan Ralphs
Griffith Marshalsay


The director shown below has held office during the period of
9 January 2023 to 31 March 2023

Roger Craft


Secretary Claire Taylor

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
8 August 2023

And signed on behalf of the board by:
Name: Barbara Richardson
Status: Director

FAIRFAX DESIGN AND BUILD LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 1,229,000 588,000
Cost of sales: ( 1,206,000 ) ( 577,000 )
Gross profit(or loss): 23,000 11,000
Distribution costs: 0 0
Administrative expenses: ( 22,000 ) ( 10,000 )
Operating profit(or loss): 1,000 1,000
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 1,000 1,000
Tax: 0 0
Profit(or loss) for the financial year: 1,000 1,000

FAIRFAX DESIGN AND BUILD LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Debtors: 3 68,000 592,000
Cash at bank and in hand: 616,000 52,000
Total current assets: 684,000 644,000
Creditors: amounts falling due within one year: 4 ( 683,999 ) ( 643,999 )
Net current assets (liabilities): 1 1
Total assets less current liabilities: 1 1
Total net assets (liabilities): 1 1
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 0 0
Total Shareholders' funds: 1 1

The notes form part of these financial statements

FAIRFAX DESIGN AND BUILD LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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.

This report was approved by the board of directors on 8 August 2023
and signed on behalf of the board by:

Name: Barbara Richardson
Status: Director

The notes form part of these financial statements

FAIRFAX DESIGN AND BUILD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    TurnoverTurnover represents fees receivable from the design and build services provided to other group undertakings. All turnover is generated within the UK. Turnover is recognised when the consideration is received or receivable for the services provided.

    Other accounting policies

    Going concernAfter reviewing the consolidated budget for 2022/23 and based on normal strategic business planning and control procedures, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has one secure customer, Fairhive Homes Limited, with a cost plus arrangement in place and therefore it has limited operational risks. The financial statements have therefore been prepared on a going concern basis. The company uses available short term funds from Fairhive Homes Limited to manage working capital requirements and the directors have obtained assurance from the directors of Fairhive Homes Limited that this facility will remain in place for at least 13 months from the date of signing the financial statements. On this basis the Directors are of the opinion that a material uncertainty does not exist and therefore have prepared these financial statements on a going concern basis.Tax and gift aidThe Company makes a qualifying donation of all taxable profits to a charitable group company. The gift aid paid during the year is reflected in the accounts and for any remaining taxable profit not paid by the year end we accrue the tax relief as we expect to pay within 9 months. Value Added Tax The Company charges VAT on its income and it able to recover VAT it incurs on expenditure.

FAIRFAX DESIGN AND BUILD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

    EmployeesThe company does not have any employees. The cost of staff is incurred and paid by Fairhive Homes Limited. Employee information, including pension costs and the cost of directors’ and senior executives are disclosed in the consolidated financial statements.

FAIRFAX DESIGN AND BUILD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Debtors

2023 2022
£ £
Trade debtors 0
Other debtors 68,000 592,000
Total 68,000 592,000

FAIRFAX DESIGN AND BUILD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 683,999 643,999
Total 683,999 643,999