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REGISTERED NUMBER: 12201477 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FAIRFIELD REAL ESTATE LIMITED

FAIRFIELD REAL ESTATE LIMITED (REGISTERED NUMBER: 12201477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FAIRFIELD REAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M A K Styles
Miss H Styles
Miss O Styles





REGISTERED OFFICE: Flat 30
Eden Point
87 Rectory Grove
Leigh on Sea
Essex
SS9 2BF





REGISTERED NUMBER: 12201477 (England and Wales)





AUDITORS: Goldwyns Limited
Statutory Auditors and Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

FAIRFIELD REAL ESTATE LIMITED (REGISTERED NUMBER: 12201477)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 3,684,062 3,701,215
Cash in hand 100 100
3,684,162 3,701,315
CREDITORS
Amounts falling due within one year 5 3,399,172 3,416,325
NET CURRENT ASSETS 284,990 284,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,990

284,990

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 284,890 284,890
SHAREHOLDERS' FUNDS 284,990 284,990

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 11 September 2024 and were signed on its behalf by:





M A K Styles - Director


FAIRFIELD REAL ESTATE LIMITED (REGISTERED NUMBER: 12201477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Fairfield Real Estate 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.

Going concern
On 31 August 2022, the company transferred all of its assets and hence activities to Fairfield Garage (Leigh on Sea) Limited, another group company at that time and hence thereafter there has been no activity in the company.

Consequently, the company's accounts have been prepared on the basis the company is no longer a going concern, and all assets and liabilities carried forward at their expected recoverable or settlement value. No material adjustments arose solely as a consequence of ceasing to apply the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 3,684,062 3,701,215

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 3,398,839 3,399,946
Taxation and social security 333 16,379
3,399,172 3,416,325

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S T Blundell FCA (Senior Statutory Auditor)
for and on behalf of Goldwyns Limited

FAIRFIELD REAL ESTATE LIMITED (REGISTERED NUMBER: 12201477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 - continued

Emphasis of matter - accounts prepared on a basis other than going concern

We draw attention to Note 2 to the financial statements which explains that on 31 August 2022 the company transferred all of its assets and hence activities to Fairfield Garage (Leigh on Sea) Limited, another group company and hence thereafter there has been no activity in the company.

Therefore the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

8. CONTINGENT LIABILITIES

Fairfield Limited and its subsidiaries (Fairfield Real Estate Limited and Fairfield Investment Properties Limited) have jointly entered into a VAT group and a corporation tax group payment arrangement. Fairfield Investment Properties Limited is the representative member for both taxes. Members of the VAT group are jointly and severally liable for the debts of any party within it, whilst members of the corporation tax group only implicitly bear financial obligations of their associates.

The tax grouping arrangements were undertaken to ease the administrative burden of all parties involved. Other than the timing of payments, it is estimated there is no financial effect (positive or negative) to any party and in the unlikely event one party found itself bearing the cost of another it is anticipated the loss would be reimbursed accordingly.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £285,223 (2022 - owed £301,269) by other group companies.

10. ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking at the balance sheet was Fairfield Limited, a company incorporated in England. The company's registered address is the same as Fairfield Real Estate Limited and can be found on the company information page.