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COMPANY REGISTRATION NUMBER: 13069083
Fairfax Ventures Holdings Limited
Unaudited financial statements
31 March 2024
Fairfax Ventures Holdings Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
5
9,890,001
9,890,001
Creditors: Amounts falling due within one year
6
( 260)
( 260)
----
----
Net current liabilities
( 260)
( 260)
-----------
-----------
Total assets less current liabilities
9,889,741
9,889,741
-----------
-----------
Capital and reserves
Called up share capital
9,889,741
9,889,741
-----------
-----------
Shareholders funds
9,889,741
9,889,741
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
B J Skoulding
Director
Company registration number: 13069083
Fairfax Ventures Holdings Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park. Bury St Edmunds, Suffolk, IP32 7EA. The trading address of the company is Marwick House, Station Road, March, Cambridgeshire, PE15 8XA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of employees during the year was 4 (2023: 4 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
9,890,001
-----------
Impairment
At 1 April 2023 and 31 March 2024
-----------
Carrying amount
At 31 March 2024
9,890,001
-----------
At 31 March 2023
9,890,001
-----------
6. Creditors: Amounts falling due within one year
2024
2023
£
£
Other creditors
260
260
----
----