Company Registration No. 04564212 (England and Wales)
FAIRHOLME INTERNATIONAL LIMITED
Unaudited accounts
for the period from 1 January 2025 to 30 March 2025
FAIRHOLME INTERNATIONAL LIMITED
Unaudited accounts
Contents
FAIRHOLME INTERNATIONAL LIMITED
Company Information
for the period from 1 January 2025 to 30 March 2025
Company Number
04564212 (England and Wales)
Registered Office
32 ABINGDON VILLAS
LONDON
W8 6BX
ENGLAND
FAIRHOLME INTERNATIONAL LIMITED
Statement of financial position
as at 30 March 2025
Investments
125,872
164,515
Cash at bank and in hand
40,884
8,504
Creditors: amounts falling due within one year
(5,077)
(12,392)
Net current assets
166,075
166,607
Total assets less current liabilities
166,075
194,132
Creditors: amounts falling due after more than one year
-
(7,766)
Provisions for liabilities
Net assets
166,075
183,327
Called up share capital
100
100
Profit and loss account
165,975
183,227
Shareholders' funds
166,075
183,327
For the period ending 30 March 2025 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 director acknowledges his 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 and authorised for issue on 30 July 2025 and were signed on its behalf by
Mr S J Fairholme
Director
Company Registration No. 04564212
FAIRHOLME INTERNATIONAL LIMITED
Notes to the Accounts
for the period from 1 January 2025 to 30 March 2025
FAIRHOLME INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04564212. The registered office is 32 ABINGDON VILLAS, LONDON, W8 6BX, ENGLAND. The company is in the process of being wound up.
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 period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20 % reducing balance
Fixtures & fittings
20 years straight line
Computer equipment
3 years straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
FAIRHOLME INTERNATIONAL LIMITED
Notes to the Accounts
for the period from 1 January 2025 to 30 March 2025
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.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2025
41,650
27,172
68,822
Disposals
(41,650)
(27,172)
(68,822)
At 1 January 2025
25,656
15,641
41,297
Charge for the period
3,199
1,316
4,515
On disposals
(28,855)
(16,957)
(45,812)
At 31 December 2024
15,994
11,531
27,525
Amounts falling due within one year
6
Investments held as current assets
2025
2024
Listed investments
125,872
164,515
7
Creditors: amounts falling due within one year
2025
2024
Loans from directors
23
9,950
FAIRHOLME INTERNATIONAL LIMITED
Notes to the Accounts
for the period from 1 January 2025 to 30 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Transactions with related parties
Mr. S J Fairholme, the director and majority shareholder of the company, operates an ongoing directors loan account. The balance owed by the company at the year end was £23 (2024: £9,950).
During the period company sold a car to Mr. S J Fairholme for £12,000.
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Average number of employees
During the period the average number of employees was 0 (2024: 0).