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REGISTERED NUMBER: 07748739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FAIRFIELD KINGSTON ROAD LIMITED

FAIRFIELD KINGSTON ROAD LIMITED (REGISTERED NUMBER: 07748739)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIRFIELD KINGSTON ROAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A S Buchanan





SECRETARY: Mrs K M Buchanan





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 07748739 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

FAIRFIELD KINGSTON ROAD LIMITED (REGISTERED NUMBER: 07748739)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 400,000 382,000

CURRENT ASSETS
Debtors 5 8,220 23,632
Cash at bank 32,548 83,867
40,768 107,499
CREDITORS
Amounts falling due within one year 6 201,356 221,969
NET CURRENT LIABILITIES (160,588 ) (114,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,412

267,530

CREDITORS
Amounts falling due after more than one
year

7

152,209

161,221
NET ASSETS 87,203 106,309

CAPITAL AND RESERVES
Called up share capital 9 2 2
Undistributable retained earnings 24,400 6,400
Retained earnings 62,801 99,907
SHAREHOLDERS' FUNDS 87,203 106,309

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

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

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 KINGSTON ROAD LIMITED (REGISTERED NUMBER: 07748739)

BALANCE SHEET - continued
31 AUGUST 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 15 May 2025 and were signed by:





A S Buchanan - Director


FAIRFIELD KINGSTON ROAD LIMITED (REGISTERED NUMBER: 07748739)

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

1. STATUTORY INFORMATION

Fairfield Kingston Road 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 as modified by the revaluation of certain assets.

Going concern
These financial statements have been prepared on a going concern basis as Buchanan Optometrists Limited, a company under the common control of the director, will not seek repayment of its interest free loan amounting to £158,902 at 31 August 2024 until the company is in a position to repay it.

Turnover
Turnover represents rents receivable excluding value added tax.

Tangible fixed assets
The company's freehold investment property is included at fair value. Gains and losses are recognised in the Income Statement. Deferred tax is provided on the gain at the rate expected to apply when the property is sold. The net gain is then transferred to the Undistributable Retained Earnings reserve.

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 1 (2023 - 1 ) .

FAIRFIELD KINGSTON ROAD LIMITED (REGISTERED NUMBER: 07748739)

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

4. TANGIBLE FIXED ASSETS
Freehold
investment
property
£   
COST OR VALUATION
At 1 September 2023 382,000
Revaluations 18,000
At 31 August 2024 400,000
NET BOOK VALUE
At 31 August 2024 400,000
At 31 August 2023 382,000

The freehold investment property was valued at fair value by the director.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 22,956
Sundry debtors 7,566 2
Prepayments 654 674
8,220 23,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 17,872
Tax 679 4,890
Other creditors 160,486 160,486
Directors and shareholders current accounts 25,000 25,000
Accrued expenses 5,191 3,721
201,356 221,969

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 30,000 30,000
Bank loans more 5 years by instalments 112,209 121,221
152,209 161,221

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years by instalments 112,209 121,221

FAIRFIELD KINGSTON ROAD LIMITED (REGISTERED NUMBER: 07748739)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 162,209 171,221

The bank loan is secured on the investment property owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2