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REGISTERED NUMBER: 05159450 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Fairlight Manor Limited

Fairlight Manor Limited (Registered number: 05159450)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fairlight Manor Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A Patel
B N Patel





SECRETARY: Mrs B N Patel





REGISTERED OFFICE: 74a High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 05159450 (England and Wales)





ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ

Fairlight Manor Limited (Registered number: 05159450)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,152,804 1,147,944
Investments 5 341,385 278,816
1,494,189 1,426,760

CURRENT ASSETS
Cash at bank and in hand 102,496 69,184

CREDITORS
Amounts falling due within one year 6 461,423 321,626
NET CURRENT LIABILITIES (358,927 ) (252,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,135,262

1,174,318

CREDITORS
Amounts falling due after more than one year 7 (76,077 ) (163,957 )

PROVISIONS FOR LIABILITIES - (7,669 )
NET ASSETS 1,059,185 1,002,692

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 560,105 560,105
Retained earnings 498,980 442,487
SHAREHOLDERS' FUNDS 1,059,185 1,002,692

Fairlight Manor Limited (Registered number: 05159450)

Statement of Financial Position - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:




B N Patel - Director



A Patel - Director


Fairlight Manor Limited (Registered number: 05159450)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Fairlight Manor Limited 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.

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 as modified by the revaluation of certain assets.

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.
Equipment, furniture & fixture - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

The building shown as asset of the company is secured by bank loan. The bank has first charge over the asset.
The Land and Building is valued at open market value for existing use basis by the director.
The Director valuation is taken and director will get professional valuation done after 3 years period.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 26 ) .

Fairlight Manor Limited (Registered number: 05159450)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Equipment,
Freehold furniture Motor Computer
property & fixture vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2022 1,100,000 208,296 30,819 8,640 1,347,755
Additions - 19,525 - 3,765 23,290
At 30 June 2023 1,100,000 227,821 30,819 12,405 1,371,045
DEPRECIATION
At 1 July 2022 - 169,020 26,152 4,639 199,811
Charge for year - 14,700 1,167 2,563 18,430
At 30 June 2023 - 183,720 27,319 7,202 218,241
NET BOOK VALUE
At 30 June 2023 1,100,000 44,101 3,500 5,203 1,152,804
At 30 June 2022 1,100,000 39,276 4,667 4,001 1,147,944

Cost or valuation at 30 June 2023 is represented by:

Equipment,
Freehold furniture Motor Computer
property & fixture vehicles equipment Totals
£    £    £    £    £   
Valuation in 2023 1,100,000 227,821 30,819 12,405 1,371,045

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1 July 2022 278,816
New in year 62,569
At 30 June 2023 341,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,004 44,004
Taxation and social security 29,809 27,800
Other creditors 387,610 249,822
461,423 321,626

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 76,077 163,957

Fairlight Manor Limited (Registered number: 05159450)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 432,647 432,647
Bank loans increase/decrease (432,647 ) (432,647 )

8. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 560,105

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
B N Patel
Balance outstanding at start of year (247,303 ) (210,492 )
Amounts advanced (137,788 ) (36,811 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (385,091 ) (247,303 )

ULTIMATE CONTROLLING PARTY
At the balance sheet date, the company was under common control of Mr A Patel and Mrs B N Patel who held 50% shares each and were the ultimate control parties.

RELATED PARTIES
Mr A Patel and Mrs B N Patel also own 50% shares of the other associated company (Continuum Health Care Ltd) and are ultimate controlling parties of the businesses.

At the balance sheet date, the company was owed £ 288,816 by Continuum Health Care Ltd and £ 52,569 by My Health Options Ltd. This was interest free loan from the company.

As at balance sheet date, the company owe £ 385,090 (2022: £ 247, 303) to the director which was interest free loan to the company.