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REGISTERED NUMBER: 08138575 (England and Wales)















Fairwood Leisure Storage Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Fairwood Leisure Storage Limited (Registered number: 08138575)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fairwood Leisure Storage Limited

Company Information
for the Year Ended 31 December 2023







Directors: Lynne Bentham
Patrick Joseph Clinton





Registered office: 659 Radcliffe Road
Bolton
Lancashire
BL3 1AN





Registered number: 08138575 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Fairwood Leisure Storage Limited (Registered number: 08138575)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 90,000 -
Tangible assets 5 1,895 2,527
91,895 2,527

Current assets
Debtors 6 94,201 187,722
Cash at bank 167,361 161,499
261,562 349,221
Creditors
Amounts falling due within one year 7 46,264 41,315
Net current assets 215,298 307,906
Total assets less current liabilities 307,193 310,433

Provisions for liabilities 8 502 670
Net assets 306,691 309,763

Capital and reserves
Called up share capital 9 100 100
Retained earnings 306,591 309,663
Shareholders' funds 306,691 309,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Fairwood Leisure Storage Limited (Registered number: 08138575)

Statement of Financial Position - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Lynne Bentham - Director


Fairwood Leisure Storage Limited (Registered number: 08138575)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Fairwood Leisure Storage 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
Turnover is measured at the fair value of the consideration receivable for caravan storage facilities provided during the year.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £9,000 and the profit for the year reduced accordingly.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Fairwood Leisure Storage Limited (Registered number: 08138575)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
Additions 90,000
At 31 December 2023 90,000
Net book value
At 31 December 2023 90,000

Fairwood Leisure Storage Limited (Registered number: 08138575)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 January 2023
and 31 December 2023 8,846
Depreciation
At 1 January 2023 6,319
Charge for year 632
At 31 December 2023 6,951
Net book value
At 31 December 2023 1,895
At 31 December 2022 2,527

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 94,201 187,722

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security 17,082 18,466
Other creditors 29,182 22,849
46,264 41,315

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 502 670

Deferred
tax
£   
Balance at 1 January 2023 670
Credit to Statement of Income and Retained Earnings during year (168 )
Balance at 31 December 2023 502

Fairwood Leisure Storage Limited (Registered number: 08138575)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Lynne Bentham
Balance outstanding at start of year 99,355 57,385
Amounts advanced 23,280 59,030
Amounts repaid (79,420 ) (17,060 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,215 99,355

Patrick Joseph Clinton
Balance outstanding at start of year 80,727 39,899
Amounts advanced 19,680 55,430
Amounts repaid (76,336 ) (14,602 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,071 80,727