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REGISTERED NUMBER: SC361490 (Scotland)















Financial Statements for the Year Ended 30 November 2023

for

Fairlie Fascinating Limited

Fairlie Fascinating Limited (Registered number: SC361490)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

Fairlie Fascinating Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A Annandale
G J Annandale





REGISTERED OFFICE: 4 The Gardens
Woodville
Arbroath
Angus
DD11 3RH





REGISTERED NUMBER: SC361490 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

Fairlie Fascinating Limited (Registered number: SC361490)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 24,820 24,940
Cash at bank 20,895 23,714
45,715 48,654
CREDITORS
Amounts falling due within one year 5 37,083 28,153
NET CURRENT ASSETS 8,632 20,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,632

20,501

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,532 20,401
SHAREHOLDERS' FUNDS 8,632 20,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:




A Annandale - Director



G J Annandale - Director


Fairlie Fascinating Limited (Registered number: SC361490)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Fairlie Fascinating Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company 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 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.
Fixtures and fittings - 20% on cost
Computer equipment - Straight line over 4 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

Fairlie Fascinating Limited (Registered number: SC361490)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 1,500 798 2,298
DEPRECIATION
At 1 December 2022
and 30 November 2023 1,500 798 2,298
NET BOOK VALUE
At 30 November 2023 - - -
At 30 November 2022 - - -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,666 20,012
VAT 5,548 6,002
Directors' loan accounts 8,935 1,205
Accrued expenses 934 934
37,083 28,153

6. RELATED PARTY DISCLOSURES

During the year the directors, A Annandale and G J Annandale introduced £7,730 into the company (2022 - £13,205) and withdrew £Nil (2022 - £12,000) from the company. The balance due to the directors at 30 November 2023 was £8,935 (2022 - £1,205).


Dividends of £12,000 (2022 -£Nil) were paid to the directors during the year.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Annandale.

Fairlie Fascinating Limited

Report of the Accountant to the Directors of
Fairlie Fascinating Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


13 August 2024