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REGISTERED NUMBER: 08740263 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Fairline London Ltd

Fairline London Ltd (Registered number: 08740263)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fairline London Ltd

Company Information
for the Year Ended 31 October 2022







DIRECTOR: N Hladnik





REGISTERED OFFICE: 20 Tadworth Parade
Hornchurch
Essex
RM12 5AS





REGISTERED NUMBER: 08740263 (England and Wales)





ACCOUNTANTS: HSY Accountants Ltd
20 Tadworth Parade
Elm Park
RM12 5AS

Fairline London Ltd (Registered number: 08740263)

Statement of Financial Position
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 443 1,454

CURRENT ASSETS
Debtors 5 68,074 68,121
Investments 6 48,860 48,860
Cash at bank 4,159 27,506
121,093 144,487
CREDITORS
Amounts falling due within one year 7 38,919 19,884
NET CURRENT ASSETS 82,174 124,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,617

126,057

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 81,617 125,057
SHAREHOLDERS' FUNDS 82,617 126,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Fairline London Ltd (Registered number: 08740263)

Statement of Financial Position - continued
31 October 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2023 and were signed by:





N Hladnik - Director


Fairline London Ltd (Registered number: 08740263)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Fairline London Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Fairline London Ltd (Registered number: 08740263)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2021
and 31 October 2022 1,451 3,604 5,055
DEPRECIATION
At 1 November 2021 875 2,726 3,601
Charge for year 290 721 1,011
At 31 October 2022 1,165 3,447 4,612
NET BOOK VALUE
At 31 October 2022 286 157 443
At 31 October 2021 576 878 1,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Other debtors 67,707 67,707
VAT 367 414
68,074 68,121

6. CURRENT ASSET INVESTMENTS
31.10.22 31.10.21
£    £   
Unlisted investments 48,860 48,860

Fairline London Ltd acquired 500,000 shares of EuroCan Pty Limited for a consideration price of $50,000 in May 2019, these shares were then exchanged for 500,000 shares in Botanical Holdings Plc in June 2020. As per the director, there has been no impairment in the current market value of shares.

Fairline London Ltd has 13.64% membership interest in Tidal Capital LLC.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade creditors 939 1,018
Tax - 1,767
Social security and other taxes - 379
Directors' current accounts 37,980 16,720
38,919 19,884

Fairline London Ltd (Registered number: 08740263)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.22 31.10.21
value: £    £   
1,000 Ordinary 1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 November 2021 125,057
Deficit for the year (43,440 )
At 31 October 2022 81,617

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Hladnik.