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Company Registration No. 07902595 (England and Wales)
Fairplace Homes Ltd Unaudited accounts for the year ended 31 January 2024
Fairplace Homes Ltd Unaudited accounts Contents
Page
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Fairplace Homes Ltd Company Information for the year ended 31 January 2024
Directors
Eluzer Goldberg Sarah-Joy Lewis Hannah Manyewu
Company Number
07902595 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON UNITED KINGDOM WC2H 9JQ ENGLAND
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Fairplace Homes Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
800,000 
800,000 
Current assets
Debtors
1,278,692 
432,200 
Cash at bank and in hand
45,769 
1,456,381 
1,324,461 
1,888,581 
Creditors: amounts falling due within one year
(41,187)
(652,915)
Net current assets
1,283,274 
1,235,666 
Total assets less current liabilities
2,083,274 
2,035,666 
Creditors: amounts falling due after more than one year
(800,000)
(800,000)
Net assets
1,283,274 
1,235,666 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,283,273 
1,235,665 
Shareholders' funds
1,283,274 
1,235,666 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Eluzer Goldberg Director Company Registration No. 07902595
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Fairplace Homes Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Fairplace Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 07902595. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, UNITED KINGDOM, WC2H 9JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The functional currency of the Company is Pounds Sterling (£) because that is the currency of the primary economic environment in which the Company operates. The financial statements are also presented in pounds sterling. Monetary amounts included in these financial statements have been rounded to the nearest £.
Going concern
These financial statements have been prepared on a going basis which assumes an ability to continue operating for the foreseeable future, being a period of at least twelve months after the date on which the financial statements are signed. The Directors have not identified any material uncertainties or events that may cast significant doubt about the ability of the Company to continue as a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
800,000 
At 31 January 2024
800,000 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
800,000 
At 31 January 2023
800,000 
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Fairplace Homes Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
414,902 
Accrued income and prepayments
- 
17,298 
Other debtors
1,278,692 
- 
1,278,692 
432,200 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
627,212 
Amounts owed to group undertakings and other participating interests
- 
2,763 
Taxes and social security
22,737 
22,940 
Other creditors
450 
- 
Accruals
18,000 
- 
41,187 
652,915 
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
800,000 
800,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
During the year, Fairplace Homes Ltd provided a loan of £1,278,692 to its parent company JD Holdco Ltd. As of the balance sheet date, the outstanding balance on the loan was £1,278,692. This amount is included in "Debtors" under "Due from group undertakings" in the balance sheet.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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