Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity1false2022-04-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13298498 2022-04-01 2023-03-31 13298498 2021-03-29 2022-03-31 13298498 2023-03-31 13298498 2022-03-31 13298498 c:Director1 2022-04-01 2023-03-31 13298498 d:CurrentFinancialInstruments 2023-03-31 13298498 d:CurrentFinancialInstruments 2022-03-31 13298498 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13298498 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13298498 d:ShareCapital 2023-03-31 13298498 d:ShareCapital 2022-03-31 13298498 d:RetainedEarningsAccumulatedLosses 2023-03-31 13298498 d:RetainedEarningsAccumulatedLosses 2022-03-31 13298498 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13298498 c:OrdinaryShareClass1 2023-03-31 13298498 c:OrdinaryShareClass1 2022-03-31 13298498 c:OrdinaryShareClass2 2022-04-01 2023-03-31 13298498 c:OrdinaryShareClass2 2023-03-31 13298498 c:OrdinaryShareClass2 2022-03-31 13298498 c:FRS102 2022-04-01 2023-03-31 13298498 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13298498 c:FullAccounts 2022-04-01 2023-03-31 13298498 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13298498 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13298498










FAIRWAYS ENGINEERING (HOLDING) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
FAIRWAYS ENGINEERING (HOLDING) LIMITED
REGISTERED NUMBER: 13298498

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,011,050
1,011,050

  
1,011,050
1,011,050

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

Cash at bank and in hand
 6 
6,529
9,044

  
6,629
9,144

Creditors: amounts falling due within one year
 7 
(360,278)
(438,277)

Net current liabilities
  
 
 
(353,649)
 
 
(429,133)

Total assets less current liabilities
  
657,401
581,917

  

Net assets
  
657,401
581,917


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
657,301
581,817

  
657,401
581,917


Page 1

 
FAIRWAYS ENGINEERING (HOLDING) LIMITED
REGISTERED NUMBER: 13298498
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2023.




P Ashley
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FAIRWAYS ENGINEERING (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Fairways Engineering (Holding) Limited (registered number 13298498) is a private company, limited by shares and incorporated in England and Wales. Its registered office is 7 Minster Court, Tuscam Way, Camberley, United Kingdom, GU15 3YY

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
FAIRWAYS ENGINEERING (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
1
1


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
1,011,050



At 31 March 2023
1,011,050




Page 4

 
FAIRWAYS ENGINEERING (HOLDING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
100
100

100
100



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
6,529
9,044

6,529
9,044



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
360,278
438,277

360,278
438,277



8.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



55 (2022 - 55) Ordinary A shares of £1.00 each
55
55
45 (2022 - 45) Ordinary B shares of £1.00 each
45
45

100

100


 
Page 5