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
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
Fairplace Homes Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
800,000
800,000
Cash at bank and in hand
45,769
1,456,381
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
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
Fairplace Homes Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 £.
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 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
At 1 February 2023
800,000
At 31 January 2024
800,000
At 31 January 2024
800,000
At 31 January 2023
800,000
Fairplace Homes Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due after more than one year
Accrued income and prepayments
-
17,298
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
2,763
Taxes and social security
22,737
22,940
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
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.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).