Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 09989755 Mr Joseph Stern Mr Joseph Stern true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09989755 2023-02-28 09989755 2024-02-28 09989755 2023-03-01 2024-02-28 09989755 frs-core:CurrentFinancialInstruments 2024-02-28 09989755 frs-core:Non-currentFinancialInstruments 2024-02-28 09989755 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 09989755 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 09989755 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 09989755 frs-core:ShareCapital 2024-02-28 09989755 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 09989755 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09989755 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 09989755 frs-bus:SmallEntities 2023-03-01 2024-02-28 09989755 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09989755 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 09989755 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 09989755 frs-bus:OrdinaryShareClass1 2024-02-28 09989755 1 2023-03-01 2024-02-28 09989755 frs-bus:Director1 2023-03-01 2024-02-28 09989755 frs-countries:EnglandWales 2023-03-01 2024-02-28 09989755 2022-02-28 09989755 2023-02-28 09989755 2022-03-01 2023-02-28 09989755 frs-core:CurrentFinancialInstruments 2023-02-28 09989755 frs-core:Non-currentFinancialInstruments 2023-02-28 09989755 frs-core:ShareCapital 2023-02-28 09989755 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09989755 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 09989755
FAIRDEAL ESTATES LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09989755
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 215,940 215,940
215,940 215,940
CURRENT ASSETS
Debtors 5 3,225 2,635
Cash at bank and in hand 6,003 5,191
9,228 7,826
Creditors: Amounts Falling Due Within One Year 6 (10,196 ) (6,496 )
NET CURRENT ASSETS (LIABILITIES) (968 ) 1,330
TOTAL ASSETS LESS CURRENT LIABILITIES 214,972 217,270
Creditors: Amounts Falling Due After More Than One Year 7 (188,978 ) (188,978 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,600 ) (6,600 )
NET ASSETS 19,394 21,692
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 19,393 21,691
SHAREHOLDERS' FUNDS 19,394 21,692
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Joseph Stern
Director
24th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FAIRDEAL ESTATES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09989755 . The registered office is 88 Queen Elizabeth Walk, London, N16 5UQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration rent received or receivable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 March 2023 215,940
As at 28 February 2024 215,940
Net Book Value
As at 28 February 2024 215,940
As at 1 March 2023 215,940
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,635 2,635
Amounts owed by group undertakings 590 -
3,225 2,635
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 9,916 6,216
Accruals and deferred income 280 280
10,196 6,496
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 188,978 188,978
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Joseph Stern by virtue of his ownership of 100% of the issued share capital in the company.
Page 4