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REGISTERED NUMBER: 11767685 (England and Wales)


















Fairbanks Heritage Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Fairbanks Heritage Limited (Registered number: 11767685)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fairbanks Heritage Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr D Fairbanks





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
Nottinghamshire
NG2 6AB





REGISTERED NUMBER: 11767685 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Fairbanks Heritage Limited (Registered number: 11767685)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 723 482

CURRENT ASSETS
Debtors & prepayments 6 20,922 29,691
Cash at bank 53,038 23,960
73,960 53,651
CREDITORS
Amounts falling due within one year 7 (5,588 ) (2,681 )
NET CURRENT ASSETS 68,372 50,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,095

51,452

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 68,895 51,252
SHAREHOLDERS' FUNDS 69,095 51,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 5th November 2024 and were signed by:





Mr D Fairbanks - Director


Fairbanks Heritage Limited (Registered number: 11767685)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Fairbanks Heritage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Fairbanks Heritage Limited (Registered number: 11767685)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1st April 2023 719
Additions 714
At 31st March 2024 1,433
DEPRECIATION
At 1st April 2023 237
Charge for year 473
At 31st March 2024 710
NET BOOK VALUE
At 31st March 2024 723
At 31st March 2023 482

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,961 28,626
Other debtors 961 1,065
20,922 29,691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36 32
Taxation and social security 4,351 918
Other creditors 1,201 1,731
5,588 2,681

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
200 200