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REGISTERED NUMBER: 02795805 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Fairfield House Hotel (Ayr) Limited

Fairfield House Hotel (Ayr) Limited (Registered number: 02795805)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fairfield House Hotel (Ayr) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R A D Kyle
T Stevenson
A Kyle
Mrs V Kyle





SECRETARY:





REGISTERED OFFICE: 87 Ludlow Road
Bicester
Oxfordshire
OX26 1EU





REGISTERED NUMBER: 02795805 (England and Wales)





ACCOUNTANTS: WR Accountants
Bank Chambers
31 The Square
Cumnock
Ayrshire
KA18 1AT

Fairfield House Hotel (Ayr) Limited (Registered number: 02795805)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 925,675
Investments 5 2 2
2 925,677

CURRENT ASSETS
Debtors 6 2,119,142 3,259
Cash at bank and in hand 12,028 13,511
2,131,170 16,770
CREDITORS
Amounts falling due within one year 7 5,284 218,404
NET CURRENT ASSETS/(LIABILITIES) 2,125,886 (201,634 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,125,888

724,043

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,125,886 724,041
2,125,888 724,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:




T Stevenson - Director


Fairfield House Hotel (Ayr) Limited (Registered number: 02795805)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Fairfield House Hotel (Ayr) 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about Fairfield House Hotel (Ayr) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover and other income
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and
value added taxes. Turnover includes revenue earned from the sale of goods and from rendering
services.
Sale of goods
Turnover from sale of goods including food and drink is recognised when significant risks and rewards
of ownership of the goods has transferred to the customer, the amount of turnover can be measured
reliably, it is probably that the economic benefits associated with the transaction will flow to the
company and the costs incurred or expected to be incurred in respect of the transaction can be
measured reliably. This is usually when the customer consumes the food and drink.
Rendering of services
Turnover from rendering of services is recognised when the company has earned the right to
consideration. For example when a customer has stayed at the hotel or has used the leisure facilities.
Leisure memberships are recognised spread equally over the period of membership.
Interest receivable
Interest receivable relates to bank interest and is recognised in the period which it is received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment
losses. At each reporting date fixed assets are reviewed to determine whether there is any indication
that those assets have suffered impairment. If there is any indication of possible impairment, the
recoverable amount of any affected asset is estimated and compared with it's carrying amount. If the
estimated recoverable amount is lower, the carrying amount is reduced to that figure and an
impairment loss is recognised immediately in profit or loss. Cost included costs directly attributable to
making the asset capable of operating as intended.

Fairfield House Hotel (Ayr) Limited (Registered number: 02795805)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
account in other administrative expenses

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 40 ).

Fairfield House Hotel (Ayr) Limited (Registered number: 02795805)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 1,640,755 309,847 1,950,602
Disposals (1,640,755 ) (309,847 ) (1,950,602 )
At 29 February 2024 - - -
DEPRECIATION
At 1 March 2023 730,482 294,445 1,024,927
Eliminated on disposal (730,482 ) (294,445 ) (1,024,927 )
At 29 February 2024 - - -
NET BOOK VALUE
At 29 February 2024 - - -
At 28 February 2023 910,273 15,402 925,675

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 2
NET BOOK VALUE
At 29 February 2024 2
At 28 February 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,160 -
Amounts owed by group undertakings 2,117,982 -
Other debtors - 3,259
2,119,142 3,259

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed to group undertakings - 213,120
Taxation and social security 5,284 5,284
5,284 218,404

Fairfield House Hotel (Ayr) Limited (Registered number: 02795805)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is RAD Limited, a company incorporated in Scotland number SC157649. RAD Limited acquired 100% of the share capital of the company on 25 November 2022, becoming the parent company.

The directors of the parent company are considered to be the ultimate controlling party by virtue of
their ability to act in concert in respect of the operational and financial policies of the company.