1 September 2023 false No description of principal activity Taxfiler 2024.6 02379798business:PrivateLimitedCompanyLtd2023-09-012024-08-31 023797982023-08-31 023797982023-09-012024-08-31 02379798business:AuditExemptWithAccountantsReport2023-09-012024-08-31 02379798business:FilletedAccounts2023-09-012024-08-31 023797982024-08-31 023797982023-08-31 02379798core:WithinOneYear2024-08-31 02379798core:WithinOneYear2023-08-31 02379798core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 02379798core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 02379798core:RevaluationReservecore:PreviouslyStatedAmount2024-08-31 02379798core:RevaluationReservecore:PreviouslyStatedAmount2023-08-31 02379798core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-08-31 02379798core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-08-31 02379798core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 02379798core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 02379798core:PreviouslyStatedAmount2024-08-31 02379798core:PreviouslyStatedAmount2023-08-31 02379798business:SmallEntities2023-09-012024-08-31 02379798business:Director12023-09-012024-08-31 02379798countries:EnglandWales2023-09-012024-08-31 02379798business:RegisteredOffice2023-09-012024-08-31 02379798core:LandBuildings2023-09-012024-08-31 02379798core:FurnitureFittings2023-09-012024-08-31 023797982022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 02379798 (England and Wales)
Fairmoor Holdings Limited Unaudited accounts for the year ended 31 August 2024
Fairmoor Holdings Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
870,000 
870,000 
Investments
142,001 
142,001 
1,012,001 
1,012,001 
Current assets
Debtors
69,858 
65,145 
Cash at bank and in hand
99,352 
66,334 
169,210 
131,479 
Creditors: amounts falling due within one year
(16,045)
(13,202)
Net current assets
153,165 
118,277 
Total assets less current liabilities
1,165,166 
1,130,278 
Provisions for liabilities
Deferred tax
(123,278)
(80,759)
Net assets
1,041,888 
1,049,519 
Capital and reserves
Called up share capital
199 
199 
Revaluation reserve
369,835 
412,354 
Capital redemption reserve
3 
3 
Profit and loss account
671,851 
636,963 
Shareholders' funds
1,041,888 
1,049,519 
For the year ending 31 August 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by
D B Chambers Director Company Registration No. 02379798
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Fairmoor Holdings Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Fairmoor Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 02379798. The registered office is Hadrian Road, Willington Quay, Tyne & Wear, NE28 6NW.
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 year, 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:
Land & buildings
No depreciation
Fixtures & fittings
20% on reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is represented by gross rents receivable and is recognised on an accruals basis.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Fairmoor Holdings Limited Notes to the Accounts for the year ended 31 August 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
870,000 
At 31 August 2024
870,000 
Valuation of investment properties has been made on an open market basis. No depreciation is provided in respect of these properties as the valuation reflects fair value as at 31 August 2024. On a historical basis, investment properties would be included at an original cost of £328,964 (2023 - £328,964) and aggregate depreciation of £0 (2023 - £0)
5
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 September 2023
1 
142,000 
142,001 
Valuation at 31 August 2024
1 
142,000 
142,001 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
60,454 
60,454 
Accrued income and prepayments
9,404 
4,691 
69,858 
65,145 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
70 
85 
Taxes and social security
8,745 
7,857 
Accruals
7,230 
5,260 
16,045 
13,202 
8
Transactions with related parties
At the year end, the company was owed £60,454 (2023: £60,454) by Chambers Bottled Gas Limited. Fairmoor Holdings Limited is the 100% shareholder of Chambers Bottled Gas Limited.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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