29 February 2024 false No description of principal activity Taxfiler 2024.6 11813974business:PrivateLimitedCompanyLtd2024-02-292025-02-28 118139742024-02-28 118139742024-02-292025-02-28 11813974business:AuditExemptWithAccountantsReport2024-02-292025-02-28 11813974business:FilletedAccounts2024-02-292025-02-28 118139742025-02-28 11813974business:Director12024-02-292025-02-28 11813974business:RegisteredOffice2024-02-292025-02-28 118139742024-02-28 11813974core:WithinOneYear2025-02-28 11813974core:WithinOneYear2024-02-28 11813974core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 11813974core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 11813974core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 11813974core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 11813974core:PreviouslyStatedAmount2025-02-28 11813974core:PreviouslyStatedAmount2024-02-28 11813974business:SmallEntities2024-02-292025-02-28 11813974countries:EnglandWales2024-02-292025-02-28 11813974core:FurnitureFittings2024-02-292025-02-28 11813974core:FurnitureFittings2024-02-28 11813974core:FurnitureFittings2025-02-28 118139742023-03-012024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11813974 (England and Wales)
FAIRPLACE LTD Unaudited accounts for the period from 29 February 2024 to 28 February 2025
FAIRPLACE LTD Unaudited accounts Contents
Page
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FAIRPLACE LTD Company Information for the period from 29 February 2024 to 28 February 2025
Director
OLISAEMEKA CHUKWUKA ONWUTALU
Company Number
11813974 (England and Wales)
Registered Office
99B MEDIAN ROAD LONDON E5 0PN UNITED KINGDOM
Accountants
TL LEADS ACCOUNTANCY LTD 124 CITY ROAD LONDON EC1V 2NX
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of FAIRPLACE LTD for the period from 29 February 2024 to 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FAIRPLACE LTD for the period from 29 February 2024 to 28 February 2025 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
TL LEADS ACCOUNTANCY LTD Chartered Certified Accountants 124 CITY ROAD LONDON EC1V 2NX 30 April 2025
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FAIRPLACE LTD Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,388 
1,693 
Current assets
Cash at bank and in hand
488 
- 
Creditors: amounts falling due within one year
(2,196)
(3,293)
Net current liabilities
(1,708)
(3,293)
Net liabilities
(320)
(1,600)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(321)
(1,601)
Shareholders' funds
(320)
(1,600)
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2025 and were signed on its behalf by
OLISAEMEKA CHUKWUKA ONWUTALU Director Company Registration No. 11813974
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FAIRPLACE LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
FAIRPLACE LTD is a private company, limited by shares, registered in England and Wales, registration number 11813974. The registered office is 99B MEDIAN ROAD, LONDON, E5 0PN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 29 February 2024
1,693 
At 28 February 2025
1,693 
Depreciation
Charge for the period
305 
At 28 February 2025
305 
Net book value
At 28 February 2025
1,388 
At 28 February 2024
1,693 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
1,446 
3,293 
Other creditors
750 
- 
2,196 
3,293 
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FAIRPLACE LTD Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
6
Average number of employees
During the period the average number of employees was 1 (2024: 0).
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