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REGISTERED NUMBER: 15062965 (England and Wales)

























Unaudited Financial Statements

for the Period 10 August 2023 to 31 August 2024

for

Fairbuild Developments (1972) Limited

Fairbuild Developments (1972) Limited (Registered number: 15062965)






Contents of the Financial Statements
for the Period 10 August 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fairbuild Developments (1972) Limited

Company Information
for the Period 10 August 2023 to 31 August 2024







DIRECTORS: M J Gill
Mrs C Gill





REGISTERED OFFICE: Unit 11 National Trading Estate
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5AA





REGISTERED NUMBER: 15062965 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Fairbuild Developments (1972) Limited (Registered number: 15062965)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Investment property 4 807,006

CURRENT ASSETS
Debtors 5 9,789
Cash at bank 11,955
21,744
CREDITORS
Amounts falling due within one year 6 58,697
NET CURRENT LIABILITIES (36,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

770,053

CREDITORS
Amounts falling due after more than one
year

7

748,367
NET ASSETS 21,686

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 21,586
SHAREHOLDERS' FUNDS 21,686

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





M J Gill - Director


Fairbuild Developments (1972) Limited (Registered number: 15062965)

Notes to the Financial Statements
for the Period 10 August 2023 to 31 August 2024

1. STATUTORY INFORMATION

Fairbuild Developments (1972) 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.

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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

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 period 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 period was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 807,006
At 31 August 2024 807,006
NET BOOK VALUE
At 31 August 2024 807,006

Fairbuild Developments (1972) Limited (Registered number: 15062965)

Notes to the Financial Statements - continued
for the Period 10 August 2023 to 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 7,335
Other debtors 2,454
9,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 5,078
Other creditors 53,619
58,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Amounts owed to associates 723,367
Other creditors 25,000
748,367

8. SECURED DEBTS

There are currently outstanding charges at Companies House for Richard Colin Tonge.

9. RELATED PARTY DISCLOSURES

Fairbuild Construction (1972) Ltd

Fairbuild Construction (1972) Ltd is a company in which M Gill has a controlling interest.

During the year, the company received a loan amounting to £723,367 from Fairbuild Construction (1972) Ltd. The loan is repayable on demand and the rate of interest charged is 0%.
At the balance sheet date the loan was still outstanding and is presented within creditors due after one year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M J Gill.