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Registered number: 11076611
FAIRMONT CORPORATE LIMITED
ABRIDGED Financial Statements
For The Year Ended 30 November 2023
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11076611
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 1,250 255
Debtors 32,000 47,911
Cash at bank and in hand 1,570 10,298
34,820 58,464
Creditors: Amounts Falling Due Within One Year (9,044 ) (25,380 )
NET CURRENT ASSETS (LIABILITIES) 25,776 33,084
TOTAL ASSETS LESS CURRENT LIABILITIES 25,776 33,084
Creditors: Amounts Falling Due After More Than One Year (15,086 ) (22,412 )
NET ASSETS 10,690 10,672
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 10,689 10,671
SHAREHOLDERS' FUNDS 10,690 10,672
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board on 27 August 2024 and were signed on its behalf by:
Mr Paul O'Reilly
Director
27 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
FAIRMONT CORPORATE LIMITED is a private company, limited by shares, incorporated in England & Wales.
The registered number is 11076611 .
The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.
No dividends have been paid and none are proposed.
Related party transactions are reported in the notes to the accounts.
There are no other related party transactions to report.
There are no contingent liabilities or other post balance sheet events to report.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the total invoice value of fees receivable for the year, excluding Value Added Tax (VAT).
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
No depreciation is charged in the year of acquisition.
2.4. Stocks and Work in Progress
Work in progress has been valued at prime cost of labour and materials plus other direct expenses.
2.5. Accounting Reference Date
The accounting reference date is 30 November.
These accounts are for the year ended 30 November 2023.
2.6. Comparative Figures
The comparative figures used throughout these accounts are as at 30 November 2022 or are for the year ending on that date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, who are employed under a contract of service during the year was: NIL (2022: NIL)
- -
4. Interest Payable and Similar Charges
2023 2022
£ £
Bank loans and overdrafts 660 841
5. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
6. Dividends
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7. Related Party Transactions
La Salle & Co (Corporate) Limited
La Salle & Co (Corporate) Limited was controlled by Mr Paul O'Reilly holding 50 £1 Ordinary Shares reresenting 100% of the issued share capital throughout the year.
Transactions in the year are summarised as follows:
Loan to La Salle & Co (Corporate) Limited b/f - £Nil (2022 £Nil)
Paid to La Salle & Co (Corporate) Limited in the year - £Nil (2022 £77,290)
Charges made by La Salle & Co (Corporate) Limited - £Nil (2022 (£77,290))
Credit issued by La Salle & Co (Corporate) Limited - £Nil (2022 £Nil)
Loan to La Salle & Co (Corporate) Limited c/f - £Nil (2022 £Nil)
Charges made by La Salle & Co (Corporate) Limited are inclusive of VAT.
Management Charges
Management services are provided by La Salle & Co (Corporate) Limited. Management charges (stated net of VAT) are allocated as follows:
Business Transfer Agency Costs - £Nil (2022 £50,000)
Other Direct Costs - £Nil (2022 £8,000)
Management Charges - £Nil (2022 £5,000)
Other Operating Expenses - £Nil (2022 £1,408)
8. Ultimate Controlling Party
The Company was controlled throughout the year by Mr Paul O'Reilly who owns 1 £1 ordinary voting shares, there being 1 £1 ordinary voting share in issue.
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