Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31falsefalse2023-01-01No description of principal activity86falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11994314 2023-01-01 2023-12-31 11994314 2022-06-01 2022-12-31 11994314 2023-12-31 11994314 2022-12-31 11994314 c:Director1 2023-01-01 2023-12-31 11994314 d:FurnitureFittings 2023-01-01 2023-12-31 11994314 d:FurnitureFittings 2023-12-31 11994314 d:FurnitureFittings 2022-12-31 11994314 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11994314 d:OfficeEquipment 2023-01-01 2023-12-31 11994314 d:OfficeEquipment 2023-12-31 11994314 d:OfficeEquipment 2022-12-31 11994314 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11994314 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11994314 d:CurrentFinancialInstruments 2023-12-31 11994314 d:CurrentFinancialInstruments 2022-12-31 11994314 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11994314 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11994314 d:ShareCapital 2023-12-31 11994314 d:ShareCapital 2022-12-31 11994314 d:SharePremium 2023-12-31 11994314 d:SharePremium 2022-12-31 11994314 d:RetainedEarningsAccumulatedLosses 2023-12-31 11994314 d:RetainedEarningsAccumulatedLosses 2022-12-31 11994314 c:FRS102 2023-01-01 2023-12-31 11994314 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11994314 c:FullAccounts 2023-01-01 2023-12-31 11994314 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11994314 d:WithinOneYear 2023-12-31 11994314 d:WithinOneYear 2022-12-31 11994314 2 2023-01-01 2023-12-31 11994314 6 2023-01-01 2023-12-31 11994314 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11994314









FAIRVIEW CAPITAL GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FAIRVIEW CAPITAL GROUP LTD
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FAIRVIEW CAPITAL GROUP LTD
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fairview Capital Group Ltd for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of Directors of Fairview Capital Group Ltd, as a body, in accordance with the terms of our engagement letter dated 28/08/2019Our work has been undertaken solely to prepare for your approval the financial statements of Fairview Capital Group Ltd and state those matters that we have agreed to state to the Board of Directors of Fairview Capital Group Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fairview Capital Group Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Fairview Capital Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fairview Capital Group Ltd. You consider that Fairview Capital Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Fairview Capital Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Wilson Partners Limited
 
Chartered Accountants
Windsor House
Station Court
Station Road
Great Shelford
Cambridge
CB22 5NE
16 April 2024
Page 1

 
FAIRVIEW CAPITAL GROUP LTD
REGISTERED NUMBER: 11994314

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,162
13,939

Investments
 5 
66,034
485,647

  
76,196
499,586

Current assets
  

Debtors: amounts falling due within one year
 6 
243,454
184,052

Cash at bank and in hand
 7 
1,633,873
1,893,610

  
1,877,327
2,077,662

Creditors: amounts falling due within one year
 8 
(724,535)
(1,382,242)

Net current assets
  
 
 
1,152,792
 
 
695,420

Total assets less current liabilities
  
1,228,988
1,195,006

Provisions for liabilities
  

Deferred tax
  
(2,540)
-

  
 
 
(2,540)
 
 
-

Net assets
  
1,226,448
1,195,006


Capital and reserves
  

Called up share capital 
 12
111
111

Share premium account
  
49,989
49,989

Profit and loss account
  
1,176,348
1,144,906

  
1,226,448
1,195,006


Page 2

 
FAIRVIEW CAPITAL GROUP LTD
REGISTERED NUMBER: 11994314
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 comprehensive income 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 16 April 2024.




................................................
P A Calo Bruckmann
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
FAIRVIEW CAPITAL GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Fairview Capital Group Ltd (''the Company'') is a Private Limited entity incorporated in England. The address of its registered office and place of business is C/O Bcs, Windsor House Station Court, Station Road, Great Shelford, Cambridge, United Kingdom, CB22 5NE.

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 Section 1A of 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

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the director's report and financial statements.

 
2.3

Foreign currency translation

Functional and presentational currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Operating leases

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
FAIRVIEW CAPITAL GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
FAIRVIEW CAPITAL GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years
Office equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

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.

 
2.13

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.

 
2.14

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 6

 
FAIRVIEW CAPITAL GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


2023
2022
£
£



Directors
2
2

Employees
6
5

8
7


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
5,757
18,169
23,926


Additions
-
2,922
2,922



At 31 December 2023

5,757
21,091
26,848



Depreciation


At 1 January 2023
1,599
8,388
9,987


Charge for the year
1,919
4,780
6,699



At 31 December 2023

3,518
13,168
16,686



Net book value



At 31 December 2023
2,239
7,923
10,162



At 31 December 2022
4,158
9,781
13,939

Page 7

 
FAIRVIEW CAPITAL GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies
Trade investments
Total

£
£
£



Cost or valuation


At 1 January 2023
87
485,560
485,647


Disposals
-
(419,613)
(419,613)



At 31 December 2023
87
65,947
66,034





6.


Debtors

2023
2022
£
£


Trade debtors
1,793
-

Amounts owed by group undertakings
-
74,030

Other debtors
206,057
59,392

Prepayments and accrued income
35,604
50,630

243,454
184,052



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,633,873
1,893,610

1,633,873
1,893,610


Page 8

 
FAIRVIEW CAPITAL GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
536
-

Amounts owed to group undertakings
89,084
-

Corporation tax
6,437
559,147

Other taxation and social security
1,707
-

Other creditors
324,636
327,654

Accruals and deferred income
302,135
495,441

724,535
1,382,242



9.


Share capital

2023
2022
£
£

Allotted, called up and fully paid


6,000 (2022: 6,000) A Ordinary shares of £0.01 each
60
60

4,000 (2022 - 4,000) B Ordinary shares of £0.01 each
40
40

1,111 (2022 - 1,111) C Ordinary shares of £0.01 each
11
11

111
111


10.


Pension commitments

During the period the Company made pension contributions amounting to £11,710 (2022: £3,312).


11.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
89,411
58,370

89,411
58,370

Page 9

 
FAIRVIEW CAPITAL GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Related party transactions

During the year end 31 December 2023, the Company incurred advisory fees of £762,158 (2022: £597,994) from a related party and transferred funds to the related party of £599,044 (2022: £672,024). As at the year end 31 December 2023, £89,084 was due to the related party (2022: due from the related party £74,030). The related party is connected to the Company by virtue of it being a wholly owned subsidiary.
Key management personnel compensation:
Certain persons who have authority and responsibility for planning, directing and controlling the activities of the company are considered to be key management personnel. Only the directors were considered to be key management personnel in the year.


13.


Controlling party

The ultimate controlling party is Pablo Bruckmann.

 
Page 10