IRIS Accounts Production v25.1.3.33 10244085 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102440852023-06-30102440852024-06-30102440852023-07-012024-06-30102440852022-06-30102440852022-07-012023-06-30102440852023-06-3010244085ns15:EnglandWales2023-07-012024-06-3010244085ns14:PoundSterling2023-07-012024-06-3010244085ns10:Director12023-07-012024-06-3010244085ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010244085ns10:SmallEntities2023-07-012024-06-3010244085ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010244085ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010244085ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010244085ns10:FullAccounts2023-07-012024-06-3010244085ns10:Director22023-07-012024-06-3010244085ns10:Director32023-07-012024-06-3010244085ns10:CompanySecretary12023-07-012024-06-3010244085ns10:RegisteredOffice2023-07-012024-06-3010244085ns5:CurrentFinancialInstruments2024-06-3010244085ns5:CurrentFinancialInstruments2023-06-3010244085ns5:ShareCapital2024-06-3010244085ns5:ShareCapital2023-06-3010244085ns5:RetainedEarningsAccumulatedLosses2024-06-3010244085ns5:RetainedEarningsAccumulatedLosses2023-06-3010244085ns5:CostValuation2023-06-3010244085ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3010244085ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 10244085 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FAIRFIELD PROPERTY LIMITED

FAIRFIELD PROPERTY LIMITED (REGISTERED NUMBER: 10244085)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FAIRFIELD PROPERTY LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTORS: Ms O L Spiller
G R Spiller
Ms F A Spiller





SECRETARY: G R Spiller





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
York
YO30 5PA





REGISTERED NUMBER: 10244085 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

FAIRFIELD PROPERTY LIMITED (REGISTERED NUMBER: 10244085)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 40 40

CURRENT ASSETS
Debtors 5 1,343,959 1,409,440
Cash at bank 928,416 725,217
2,272,375 2,134,657
CREDITORS
Amounts falling due within one year 6 1,325,501 1,375,087
NET CURRENT ASSETS 946,874 759,570
TOTAL ASSETS LESS CURRENT LIABILITIES 946,914 759,610

CAPITAL AND RESERVES
Called up share capital 196 196
Retained earnings 946,718 759,414
946,914 759,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





G R Spiller - Director


FAIRFIELD PROPERTY LIMITED (REGISTERED NUMBER: 10244085)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Fairfield Property 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.

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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for consultancy services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover also represents interest receivable on commercial loans made for property development.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

FAIRFIELD PROPERTY LIMITED (REGISTERED NUMBER: 10244085)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 July 2023
and 30 June 2024 40
NET BOOK VALUE
At 30 June 2024 40
At 30 June 2023 40

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,343,959 1,409,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 87,742 39,179
Other creditors 1,237,759 1,335,908
1,325,501 1,375,087

7. RELATED PARTY DISCLOSURES

Included in 'Other creditors' as at the balance sheet date is an amount of £565,784 (2023 : £641,572) owed to companies associated with the director.

8. ULTIMATE CONTROLLING PARTY

The company is wholly owned subsidiary of Fairfield Property Holdings Limited, a company registered in England and Wales, which is the immediate and ultimate parent undertaking, Fairfield Property Holdings Limited is not required to prepare group accounts.