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REGISTERED NUMBER: 13147667 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2023 to 30 September 2023

for

Fairfield Business Park Limited

Fairfield Business Park Limited (Registered number: 13147667)






Contents of the Financial Statements
for the Period 1 February 2023 to 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fairfield Business Park Limited

Company Information
for the Period 1 February 2023 to 30 September 2023







DIRECTORS: Mr A Green
Miss A J R Sewell





REGISTERED OFFICE: Fairfield Business Park
Green Road
Penistone
Sheffield
South Yorkshire
S36 6BJ





REGISTERED NUMBER: 13147667 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Fairfield Business Park Limited (Registered number: 13147667)

Balance Sheet
30 September 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35,680 41,975
Investment property 6 1,631,547 1,631,547
1,667,227 1,673,522

CURRENT ASSETS
Stocks 217,724 -
Debtors 7 32,119 34,231
Cash at bank 150,447 32,490
400,290 66,721
CREDITORS
Amounts falling due within one year 8 1,656,099 817,867
NET CURRENT LIABILITIES (1,255,809 ) (751,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,418

922,376

CREDITORS
Amounts falling due after more than one
year

9

459,811

960,586
NET LIABILITIES (48,393 ) (38,210 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (48,493 ) (38,310 )
SHAREHOLDERS' FUNDS (48,393 ) (38,210 )

Fairfield Business Park Limited (Registered number: 13147667)

Balance Sheet - continued
30 September 2023


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the Company to obtain an audit of its financial statements for the period ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





Mr A Green - Director


Fairfield Business Park Limited (Registered number: 13147667)

Notes to the Financial Statements
for the Period 1 February 2023 to 30 September 2023

1. STATUTORY INFORMATION

Fairfield Business Park 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.


Fairfield Business Park Limited (Registered number: 13147667)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 30 September 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 30 September 2023 58,096
DEPRECIATION
At 1 February 2023 16,121
Charge for period 6,295
At 30 September 2023 22,416
NET BOOK VALUE
At 30 September 2023 35,680
At 31 January 2023 41,975

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 30 September 2023 1,631,547
NET BOOK VALUE
At 30 September 2023 1,631,547
At 31 January 2023 1,631,547

Fairfield Business Park Limited (Registered number: 13147667)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 30 September 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 2,097 4,209
Other debtors 30,022 30,022
32,119 34,231

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 1,056,295 66,891
Trade creditors 54,219 116,023
Taxation and social security 20,052 15,135
Other creditors 525,533 619,818
1,656,099 817,867

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Bank loans 459,811 960,586

10. SECURED DEBTS

The bank loan was secured on the investment property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
100 Ordinary £1 100 100