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
Investment property
870,000
870,000
Investments
142,001
142,001
Cash at bank and in hand
99,352
66,334
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
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
Fairmoor Holdings Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
Fairmoor Holdings Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
Fair value at 1 September 2023
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
Amounts falling due within one year
Amounts due from group undertakings etc.
60,454
60,454
Accrued income and prepayments
9,404
4,691
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,745
7,857
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).