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REGISTERED NUMBER: 04322469 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

FAIRWAY MCNAUGHTON LIMITED

FAIRWAY MCNAUGHTON LIMITED (REGISTERED NUMBER: 04322469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FAIRWAY MCNAUGHTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: C A McNaughton
Mrs S J McNaughton





SECRETARY: Mrs S J McNaughton





REGISTERED OFFICE: The Old Court House
26A Church Street
Bishop's Stortford
Hertfordshire
CM23 2LY





REGISTERED NUMBER: 04322469 (England and Wales)





ACCOUNTANTS: Paul Dawson & Co Limited
The Old Courthouse
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY

FAIRWAY MCNAUGHTON LIMITED (REGISTERED NUMBER: 04322469)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,708 8,226

CURRENT ASSETS
Debtors 5 18,096 11,730
Investments 6 564,282 570,841
Cash at bank 51,026 57,014
633,404 639,585
CREDITORS
Amounts falling due within one year 7 73,927 59,171
NET CURRENT ASSETS 559,477 580,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

568,185

588,640

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 558,185 578,640
SHAREHOLDERS' FUNDS 568,185 588,640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





C A McNaughton - Director


FAIRWAY MCNAUGHTON LIMITED (REGISTERED NUMBER: 04322469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on the reducing balance.
Equipment - 15% on the reducing balance.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 December 2023 17,065 27,374 44,439
Additions 1,127 1,440 2,567
At 30 November 2024 18,192 28,814 47,006
DEPRECIATION
At 1 December 2023 12,064 24,149 36,213
Charge for year 919 1,166 2,085
At 30 November 2024 12,983 25,315 38,298
NET BOOK VALUE
At 30 November 2024 5,209 3,499 8,708
At 30 November 2023 5,001 3,225 8,226

FAIRWAY MCNAUGHTON LIMITED (REGISTERED NUMBER: 04322469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 10,692
Other debtors 15,094 -
Net wages 1,000 -
Prepayments 2,002 1,038
18,096 11,730

6. CURRENT ASSET INVESTMENTS

The current asset investment is shown on the Balance Sheet at cost. The market value of the investment at 30th November 2024 was £636,287.74 (2023:- £619,793.84). The difference between the cost figure of £564,281.90 and the valuation figure is £72,005.84 which corresponds to the unrealised gain figure provided by the investment company.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 69,906 54,961
Other creditors 4,021 4,210
73,927 59,171