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REGISTERED NUMBER: 10569502 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FAIRHOLME (NH) LIMITED

FAIRHOLME (NH) LIMITED (REGISTERED NUMBER: 10569502)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIRHOLME (NH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: B K Mangat
J S Mangat





REGISTERED OFFICE: 5 Argosy Court
Scimitar Way
Coventry
West Midlands
CV3 4GA





REGISTERED NUMBER: 10569502 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

FAIRHOLME (NH) LIMITED (REGISTERED NUMBER: 10569502)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,036,975 1,033,686

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 824,492 678,385
Investments 6 500,000 500,000
Cash at bank 1,320,269 683,579
2,652,761 1,869,964
CREDITORS
Amounts falling due within one year 7 407,334 350,997
NET CURRENT ASSETS 2,245,427 1,518,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,282,402

2,552,653

PROVISIONS FOR LIABILITIES 18,779 17,242
NET ASSETS 3,263,623 2,535,411

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,263,523 2,535,311
3,263,623 2,535,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

FAIRHOLME (NH) LIMITED (REGISTERED NUMBER: 10569502)

BALANCE SHEET - continued
31 JANUARY 2024


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 21 August 2024 and were signed on its behalf by:





J S Mangat - Director


FAIRHOLME (NH) LIMITED (REGISTERED NUMBER: 10569502)

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


1. STATUTORY INFORMATION

Fairholme (NH) 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 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.

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.
Freehold property - Not depreciated
Equipment - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 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 balance sheet date.

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 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.

FAIRHOLME (NH) LIMITED (REGISTERED NUMBER: 10569502)

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


2. ACCOUNTING POLICIES - continued

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 74 (2023 - 74 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 948,841 31,485 92,988 4,750 1,078,064
Additions - - 9,263 10,982 20,245
At 31 January 2024 948,841 31,485 102,251 15,732 1,098,309
DEPRECIATION
At 1 February 2023 - 11,132 31,613 1,633 44,378
Charge for year - 5,088 10,046 1,822 16,956
At 31 January 2024 - 16,220 41,659 3,455 61,334
NET BOOK VALUE
At 31 January 2024 948,841 15,265 60,592 12,277 1,036,975
At 31 January 2023 948,841 20,353 61,375 3,117 1,033,686

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 824,492 678,385

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Meteor investment 500,000 500,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,304 23,004
Taxation and social security 333,404 292,886
Other creditors 36,626 35,107
407,334 350,997

FAIRHOLME (NH) LIMITED (REGISTERED NUMBER: 10569502)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £