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REGISTERED NUMBER: 11382164 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FAIRVIEW MK PROPERTY MANAGEMENT LTD

FAIRVIEW MK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11382164






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

FAIRVIEW MK PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mrs S D Davies





SECRETARY: Mrs S D Davies





REGISTERED OFFICE: 218 Downs Barn Boulevard
Downs Barn
Milton Keynes
Buckinghamshire
MK14 7QH





REGISTERED NUMBER: 11382164 (England and Wales)





ACCOUNTANTS: V Drought & Co Ltd
Chartered Certified Accountants
218 Downs Barn Boulevard
Downs Barn
Milton Keynes
MK14 7QH

FAIRVIEW MK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11382164

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,820,646 2,951,213

CURRENT ASSETS
Debtors 5 184,312 168,046
Cash at bank and in hand 151,870 179,886
336,182 347,932
CREDITORS
Amounts falling due within one year 6 8,652 16,179
NET CURRENT ASSETS 327,530 331,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,148,176

3,282,966

CREDITORS
Amounts falling due after more than one
year

7

1,837,600

1,974,912
NET ASSETS 1,310,576 1,308,054

CAPITAL AND RESERVES
Called up share capital 1,305,196 1,305,196
Retained earnings 5,380 2,858
1,310,576 1,308,054

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

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

The director acknowledges her 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.

FAIRVIEW MK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11382164

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





Mrs S D Davies - Director


FAIRVIEW MK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11382164

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Fairview MK Property Management Ltd 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.

Tangible fixed assets
Freehold and long leasehold properties are not depreciated as they are maintained at a high standard and the value is not decreasing.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

FAIRVIEW MK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11382164

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 2,949,635 2,570 2,952,205
Additions 24,669 - 24,669
Disposals (155,000 ) - (155,000 )
At 31 May 2024 2,819,304 2,570 2,821,874
DEPRECIATION
At 1 June 2023 - 992 992
Charge for year - 236 236
At 31 May 2024 - 1,228 1,228
NET BOOK VALUE
At 31 May 2024 2,819,304 1,342 2,820,646
At 31 May 2023 2,949,635 1,578 2,951,213

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 1,640 1,675
Other debtors 145,738 129,437
147,378 131,112

Amounts falling due after more than one year:
Other debtors 36,934 36,934

Aggregate amounts 184,312 168,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 5,521 13,903
Other creditors 3,131 2,276
8,652 16,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 1,837,600 1,974,912

FAIRVIEW MK PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11382164

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loans Over 5 years 1,837,600 1,974,912

8. SECURED DEBTS

The loans are interest only and secured by charges over the properties and personal guarantees given by
the shareholders.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
The Late A E D Davies
Balance outstanding at start of year 129,437 129,458
Amounts repaid (129,437 ) (21 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 129,437

Mrs S D Davies
Balance outstanding at start of year - -
Amounts advanced 145,737 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 145,737 -

FAIRVIEW MK PROPERTY MANAGEMENT LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
FAIRVIEW MK PROPERTY MANAGEMENT LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages one to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






V Drought & Co Ltd
Chartered Certified Accountants
218 Downs Barn Boulevard
Downs Barn
Milton Keynes
MK14 7QH


17 February 2025