| FAIRWEATHER INSURANCE SERVICES LIMITED |
| Registered Number:01089241 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
FAIRWEATHER INSURANCE SERVICES LIMITED
Statement of Financial Position
2023
2024
94,500
3,652
2
| Property, plant and equipment |
81,986
90,454
3
100,000
100,000
4
276,486
194,106
| Trade and other receivables |
382,537
307,431
5
98,512
| Cash and cash equivalents |
69,563
376,994
481,049
| Trade and other payables: amounts falling due within one |
| year |
(73,843)
(34,413)
6
407,206
342,581
Net current assets
| Total assets less current liabilities |
619,067
601,312
| Trade and other payables: amounts falling due after more |
| than one year |
(14,913)
-
7
619,067
Net assets
586,399
1,000
1,000
618,067
585,399
619,067
586,399
Shareholders' funds
| For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 25 July 2025 and were signed by: |
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For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Notes to the Financial Statements
Statutory Information
| FAIRWEATHER INSURANCE SERVICES LIMITED is a private limited company, limited by shares, domiciled in |
| England and Wales, registration number 01089241. |
Chalfont Hall
Gravel Hill
Chalfont St Peter
Bucks
SL9 0NP
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Significant judgements and estimates
| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently aplied to all the years presented, unless otherwise stated. |
Revenue recognition
| Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the comapny's activities. Turnover is shown net of sales/value added tax, reurns, rebates and discounts. The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the compay's activities. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Notes to the Financial Statements Continued
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
| 2. Intangible fixed assets |
Goodwill
36,538
105,000
141,538
32,886
14,152
Charge for year
47,038
94,500
3,652
| 3. Property, plant and equipment |
466,323
8,000
458,323
6,000
-
6,000
464,323
8,000
472,323
| Provision for depreciation and impairment |
375,869
8,000
367,869
Charge for year
14,468
-
14,468
390,337
8,000
382,337
81,986
-
81,986
90,454
-
90,454
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For the year ended 31 December 2024
FAIRWEATHER INSURANCE SERVICES LIMITED
Notes to the Financial Statements Continued
| 4. Investments held as fixed assets |
| Shares in group and participating interests |
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
| 5. Trade and other receivables |
2023
2024
| Amounts owed by group undertakings and participating interests |
138,764
138,764
168,667
243,773
382,537
307,431
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
-
36,225
| Taxation and social security |
22,061
21,209
12,352
16,409
34,413
73,843
| 7. Trade and other payables: amounts falling due after more than one year |
2023
2024
-
14,913
| 8. Average number of persons employed |
During the year the average number of employees was 25 (2023 : 26)
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