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REGISTERED NUMBER: 12823629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Fairfax One Ltd

Fairfax One Ltd (Registered number: 12823629)






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


Fairfax One Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Ms L Morton





REGISTERED OFFICE: 71-75 Shelton Street
LONDON
WC2H 9JQ





REGISTERED NUMBER: 12823629 (England and Wales)





ACCOUNTANTS: Minshull & Co
19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN

Fairfax One Ltd (Registered number: 12823629)

Balance Sheet
31 August 2024

31/8/24 31/8/23
Notes £    £   
CURRENT ASSETS
Debtors 5 41,416 41,116
Cash at bank 9,327 374
50,743 41,490
CREDITORS
Amounts falling due within one year 6 55,567 45,205
NET CURRENT LIABILITIES (4,824 ) (3,715 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,824

)

(3,715

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 (4,825 ) (3,716 )
SHAREHOLDERS' FUNDS (4,824 ) (3,715 )

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 her 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.

Fairfax One Ltd (Registered number: 12823629)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





Ms L Morton - Director


Fairfax One Ltd (Registered number: 12823629)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Fairfax One Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fairfax One Ltd (Registered number: 12823629)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Other debtors 38,516 37,926
Prepayments and accrued income 2,900 2,900
Social security and other tax - 290
41,416 41,116

Other debtors comprises the amount owed by North Management Ltd.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Social security and other taxes 348 125
VAT 5,034 4,958
Other creditors 46,453 34,047
Accruals and deferred income 3,732 6,075
55,567 45,205

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 September 2023 (3,716 )
Deficit for the year (1,109 )
At 31 August 2024 (4,825 )