Fairfield (Oakleigh Park) Limited 01784618 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is dormant company Digita Accounts Production Advanced 6.30.9574.0 true Mrs Greta Mary Cecilia Lewis Mr Robert John Scholfield 01784618 2023-01-01 2023-12-31 01784618 2023-12-31 01784618 bus:OrdinaryShareClass1 2023-12-31 01784618 core:RetainedEarningsAccumulatedLosses 2023-12-31 01784618 core:ShareCapital 2023-12-31 01784618 core:LandBuildings 2023-12-31 01784618 bus:FRS102 2023-01-01 2023-12-31 01784618 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01784618 bus:FullAccounts 2023-01-01 2023-12-31 01784618 bus:RegisteredOffice 2023-01-01 2023-12-31 01784618 bus:Director2 2023-01-01 2023-12-31 01784618 bus:Director4 2023-01-01 2023-12-31 01784618 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01784618 bus:EntityHasNeverTraded 2023-01-01 2023-12-31 01784618 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01784618 countries:EnglandWales 2023-01-01 2023-12-31 01784618 2022-12-31 01784618 core:LandBuildings 2022-12-31 01784618 2022-01-01 2022-12-31 01784618 2022-12-31 01784618 bus:OrdinaryShareClass1 2022-12-31 01784618 core:RetainedEarningsAccumulatedLosses 2022-12-31 01784618 core:ShareCapital 2022-12-31 01784618 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01784618

Fairfield (Oakleigh Park) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Fairfield (Oakleigh Park) Limited

Contents

Profit and Loss Account

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Fairfield (Oakleigh Park) Limited

Profit and Loss Account for the Year Ended 31 December 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Fairfield (Oakleigh Park) Limited

(Registration number: 01784618)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

1

1

Current assets

 

Cash at bank and in hand

 

12

12

Net assets

 

13

13

Capital and reserves

 

Called up share capital

5

12

12

Retained earnings

1

1

Shareholders' funds

 

13

13

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.

The financial statements were approved and authorised for issue by the Board on 5 February 2024 and signed on its behalf by:
 

.........................................
Mr Robert John Scholfield
Director

 

Fairfield (Oakleigh Park) Limited

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

1

General information

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

The address of its registered office is:
4 Fairfield Oakleigh Park North
Whetstone
London
N20 9AW
United Kingdom

These financial statements were authorised for issue by the Board on 5 February 2024.

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Fairfield (Oakleigh Park) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

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.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.
 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are
measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Fairfield (Oakleigh Park) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

1

1

At 31 December 2023

1

1

Depreciation

Carrying amount

At 31 December 2023

1

1

At 31 December 2022

1

1

Included within the net book value of land and buildings above is £1 (2022 - £1) in respect of freehold land and buildings.
 

4

Cash and cash equivalents

2023
£

2022
£

Cash on hand

12

12

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

12

12

12

12

         

6

Staff numbers

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