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REGISTERED NUMBER: 09308143 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

FAIRMONT PROPERTIES LIMITED

FAIRMONT PROPERTIES LIMITED (REGISTERED NUMBER: 09308143)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIRMONT PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: Pritpal Singh
Arfan Yousaf





REGISTERED OFFICE: Suit Sbro Morgan Reach House
136 Hagley Road
Edgbaston
Birmingham
B16 9NX





REGISTERED NUMBER: 09308143 (England and Wales)

FAIRMONT PROPERTIES LIMITED (REGISTERED NUMBER: 09308143)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 464,458 360,265

CURRENT ASSETS
Debtors 5 35,000 -
Cash at bank 32,410 141,572
67,410 141,572
CREDITORS
Amounts falling due within one year 6 15,389 18,077
NET CURRENT ASSETS 52,021 123,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,479

483,760

CREDITORS
Amounts falling due after more than one
year

7

359,506

348,385
NET ASSETS 156,973 135,375

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 156,971 135,373
156,973 135,375

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.

FAIRMONT PROPERTIES LIMITED (REGISTERED NUMBER: 09308143)

BALANCE SHEET - continued
30 November 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 Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





Pritpal Singh - Director


FAIRMONT PROPERTIES LIMITED (REGISTERED NUMBER: 09308143)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Fairmont Properties 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.

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
Revenue 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.

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 2 (2022 - NIL ) .

FAIRMONT PROPERTIES LIMITED (REGISTERED NUMBER: 09308143)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 December 2022 360,265
Additions 104,193
At 30 November 2023 464,458
NET BOOK VALUE
At 30 November 2023 464,458
At 30 November 2022 360,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 35,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 5,066 9,402
Rent Deposit Held 8,615 7,864
Accrued expenses 1,708 811
15,389 18,077

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Directors current account 359,506 348,385