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Company No: 05682983 (England and Wales)

FAIRDEAL HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

FAIRDEAL HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

FAIRDEAL HOMES LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2025
FAIRDEAL HOMES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025
DIRECTORS Kerry Anita Dyus
Fataneh Hamisi
Steven John Hooper
Stephen Fraser Wylie
SECRETARY Steven John Hooper
REGISTERED OFFICE C/O Blocks Online
79 College Road
Harrow
HA1 1BD
United Kingdom
COMPANY NUMBER 05682983 (England and Wales)
ACCOUNTANT Gravita II LLP
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
FAIRDEAL HOMES LIMITED

BALANCE SHEET

As at 30 April 2025
FAIRDEAL HOMES LIMITED

BALANCE SHEET (continued)

As at 30 April 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 435,000 640,000
435,000 640,000
Current assets
Debtors 4 717 1,122
Cash at bank and in hand 25,464 23,062
26,181 24,184
Creditors: amounts falling due within one year 5 ( 115,752) ( 101,273)
Net current liabilities (89,571) (77,089)
Total assets less current liabilities 345,429 562,911
Creditors: amounts falling due after more than one year 6 0 ( 189,049)
Provision for liabilities ( 38,095) ( 60,132)
Net assets 307,334 313,730
Capital and reserves
Called-up share capital 7 1,000 1,000
Revaluation reserve 136,906 212,368
Profit and loss account 169,428 100,362
Total shareholders' funds 307,334 313,730

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Fairdeal Homes Limited (registered number: 05682983) were approved and authorised for issue by the Board of Directors on 11 August 2025. They were signed on its behalf by:

Steven John Hooper
Director
FAIRDEAL HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
FAIRDEAL HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fairdeal Homes Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is C/O Blocks Online, 79 College Road, Harrow, England, HA1 1BD.

These financial statements have been prepared in accordance with FRS 102. "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents rental income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date..

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

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 statements.

Financial instruments are recognised in the company's statement of financial position 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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Investment property

Investment property
£
Valuation
As at 01 May 2024 640,000
Disposals (205,000)
As at 30 April 2025 435,000

Investment property comprises land and buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 April 2025 by the directors. The valuation was made on an open market value basis.

4. Debtors

2025 2024
£ £
Other debtors 717 1,122

5. Creditors: amounts falling due within one year

2025 2024
£ £
Corporation tax 15,685 1,515
Other creditors 100,067 99,758
115,752 101,273

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 0 189,049

Bank loans are secured by way of a mortgage Deed on all monies due or to become due from the company.

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
250 Ordinary A shares of £ 1.00 each 250 250
250 Ordinary B shares of £ 1.00 each 250 250
250 Ordinary C shares of £ 1.00 each 250 250
250 Ordinary D shares of £ 1.00 each 250 250
1,000 1,000