REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2024 |
FOR |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2024 |
FOR |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10982567) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2024 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Balance Sheet | 3 | to | 4 |
Notes to the Financial Statements | 5 | to | 6 |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 October 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
2BU |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Britannic House |
657 Liverpool Road |
Irlam |
Manchester |
Lancashire |
M44 5XD |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10982567) |
REPORT OF THE DIRECTOR |
for the Year Ended 31 October 2024 |
The director presents his report with the financial statements of the company for the year ended 31 October 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of development of building projects |
DIRECTOR |
His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows: |
31.10.24 | 1.11.23 |
Ordinary shares of £1.00 each | 1 | 1 |
He did not hold any non-beneficial interests in the shares of the company. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10982567) |
BALANCE SHEET |
31 October 2024 |
31.10.24 | 31.10.23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10982567) |
BALANCE SHEET - continued |
31 October 2024 |
The financial statements were approved by the director and authorised for issue on |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10982567) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2024 |
1. | STATUTORY INFORMATION |
Fairfield Property Developments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
FAIRFIELD PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10982567) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2024 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2023 |
and 31 October 2024 |
DEPRECIATION |
At 1 November 2023 |
Charge for year |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Amounts owed by participating interests | 100,000 | 50,000 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Bank loans |
8. | RELATED PARTY DISCLOSURES |
During the year, the company made sales of £7,500 (2023 : £50,150) to DMSH Developments Limited a company in which S Molyneaux is a director and shareholder. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr S D Molyneaux. |