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REGISTERED NUMBER: 08740263 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Fairline London Ltd

Fairline London Ltd (Registered number: 08740263)






Contents of the Financial Statements
for the Year Ended 31 October 2023




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 2023







DIRECTOR: N Hladnik





REGISTERED OFFICE: 20 Tadworth Parade
Hornchurch
Essex
RM12 5AS





REGISTERED NUMBER: 08740263 (England and Wales)





ACCOUNTANTS: HSY Accountants Ltd
Chartered Certified Accountants &
Statutory Auditors
20 Tadworth Parade
Elm Park
RM12 5AS

Fairline London Ltd (Registered number: 08740263)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,956 443

CURRENT ASSETS
Debtors 5 67,707 68,074
Investments 6 48,860 48,860
Cash at bank 4,644 4,159
121,211 121,093
CREDITORS
Amounts falling due within one year 7 45,458 38,919
NET CURRENT ASSETS 75,753 82,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,709

82,617

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 76,709 81,617
SHAREHOLDERS' FUNDS 77,709 82,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 2023


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 23 July 2024 and were signed by:





N Hladnik - Director


Fairline London Ltd (Registered number: 08740263)

Notes to the Financial Statements
for the Year Ended 31 October 2023

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.

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 NIL (2022 - 1 ).

Fairline London Ltd (Registered number: 08740263)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 1,451 3,604 5,055
Additions - 2,288 2,288
At 31 October 2023 1,451 5,892 7,343
DEPRECIATION
At 1 November 2022 1,165 3,447 4,612
Charge for year 286 489 775
At 31 October 2023 1,451 3,936 5,387
NET BOOK VALUE
At 31 October 2023 - 1,956 1,956
At 31 October 2022 286 157 443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 67,707 67,707
VAT - 367
67,707 68,074

6. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£    £   
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.

Fairline London Ltd (Registered number: 08740263)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 639 939
Directors' current accounts 43,757 37,980
Accrued expenses 1,062 -
45,458 38,919

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 November 2022 81,617
Deficit for the year (4,908 )
At 31 October 2023 76,709

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Hladnik.