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REGISTERED NUMBER: OC338179 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FAIRFAX CONSULTANTS AGENCY LLP

FAIRFAX CONSULTANTS AGENCY LLP (REGISTERED NUMBER: OC338179)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIRFAX CONSULTANTS AGENCY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: B Nathan
Mrs R Corb-Nathan





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: OC338179 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

FAIRFAX CONSULTANTS AGENCY LLP (REGISTERED NUMBER: OC338179)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,361 11,148

CURRENT ASSETS
Debtors 5 42,266 43,817
Cash at bank 1,080 19
43,346 43,836
CREDITORS
Amounts falling due within one year 6 (1,850 ) (28,855 )
NET CURRENT ASSETS 41,496 14,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,857

26,129

CREDITORS
Amounts falling due after more than one year 7 - (15,172 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

49,857

10,957

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

49,857

10,957

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 49,857 10,957
Amounts due from members 5 (41,938 ) (43,564 )
7,919 (32,607 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

FAIRFAX CONSULTANTS AGENCY LLP (REGISTERED NUMBER: OC338179)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 August 2024 and were signed by:





B Nathan - Designated member

FAIRFAX CONSULTANTS AGENCY LLP (REGISTERED NUMBER: OC338179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Fairfax Consultants Agency LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,357 13,900 2,399 17,656
DEPRECIATION
At 1 April 2023 1,314 3,475 1,719 6,508
Charge for year 11 2,606 170 2,787
At 31 March 2024 1,325 6,081 1,889 9,295
NET BOOK VALUE
At 31 March 2024 32 7,819 510 8,361
At 31 March 2023 43 10,425 680 11,148

FAIRFAX CONSULTANTS AGENCY LLP (REGISTERED NUMBER: OC338179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 42,266 43,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 23,532
Hire purchase contracts - 3,473
Other creditors 1,850 1,850
1,850 28,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 6,191
Hire purchase contracts - 8,981
- 15,172

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after other creditors.