Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12941150 2024-01-01 2024-12-31 12941150 2023-01-01 2023-12-31 12941150 2024-12-31 12941150 2023-12-31 12941150 c:CompanySecretary1 2024-01-01 2024-12-31 12941150 c:Director1 2024-01-01 2024-12-31 12941150 c:RegisteredOffice 2024-01-01 2024-12-31 12941150 d:FreeholdInvestmentProperty 2024-12-31 12941150 d:FreeholdInvestmentProperty 2023-12-31 12941150 d:CurrentFinancialInstruments 2024-12-31 12941150 d:CurrentFinancialInstruments 2023-12-31 12941150 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12941150 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12941150 d:RetainedEarningsAccumulatedLosses 2024-12-31 12941150 d:RetainedEarningsAccumulatedLosses 2023-12-31 12941150 c:FRS102 2024-01-01 2024-12-31 12941150 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12941150 c:FullAccounts 2024-01-01 2024-12-31 12941150 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12941150 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 12941150







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


FAIRFAX SHELFCO 2020 LIMITED






































img3fcf.png                        

 


FAIRFAX SHELFCO 2020 LIMITED
 


 
COMPANY INFORMATION


Director
James B Sunley 




Company secretary
Lisa H Sunley



Registered number
12941150



Registered office
1 Town Mill
Bagshot Road

Chobham

Woking

GU24 8BZ




Accountants
Menzies LLP
Chartered Accountants

95 Gresham Street

London

EC2V 7AB





 


FAIRFAX SHELFCO 2020 LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 


FAIRFAX SHELFCO 2020 LIMITED
REGISTERED NUMBER:12941150



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,500,000
2,500,000

  
2,500,000
2,500,000

Current assets
  

Debtors: amounts falling due within one year
 5 
11,728
26,635

Cash at bank and in hand
  
8,084
11,789

  
19,812
38,424

Creditors: amounts falling due within one year
 6 
(2,575,074)
(2,593,432)

Net current liabilities
  
 
 
(2,555,262)
 
 
(2,555,008)

Total assets less current liabilities
  
(55,262)
(55,008)

  

Net liabilities
  
(55,262)
(55,008)

Page 1

 


FAIRFAX SHELFCO 2020 LIMITED
REGISTERED NUMBER:12941150


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
£
£

Capital and reserves
  

Profit and loss account
  
(55,262)
(55,008)

  
(55,262)
(55,008)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




James B Sunley
Director

Date: 29 August 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


FAIRFAX SHELFCO 2020 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Fairfax Shelfco 2020 Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.
Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 


FAIRFAX SHELFCO 2020 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL)

Page 4

 


FAIRFAX SHELFCO 2020 LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
2,500,000



At 31 December 2024
2,500,000

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Trade debtors
10,224
11,638

Other debtors
-
14,400

Prepayments and accrued income
1,504
597

11,728
26,635



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,625,050
1,800,000

Amounts owed to group undertakings
-
774,284

Other creditors
935,164
-

Accruals and deferred income
14,860
19,148

2,575,074
2,593,432


The bank loans are secured by a fixed charge on property held within the company and a personal guarantee from the director.

 
Page 5