REGISTERED NUMBER: 08138575 (England and Wales)

Fairwood Leisure Storage Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Lynne Bentham

Patrick Joseph Clinton

Registered office:

659 Radcliffe Road

Bolton

Lancashire

BL3 1AN

Registered number:

08138575 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Intangible assets

4

81,000

90,000

Tangible assets

5

1,421

1,895

82,421

91,895

Current assets

Debtors

6

67,428

94,201

Cash at bank

178,628

167,361

246,056

261,562

Creditors

Amounts falling due within one year

7

42,314

46,264

Net current assets

203,742

215,298

Total assets less current liabilities

286,163

307,193

Provisions for liabilities

8

377

502

Net assets

285,786

306,691

Capital and reserves

Called up share capital

9

100

100

Retained earnings

285,686

306,591

Shareholders' funds

285,786

306,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 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 1 August 2025 and were signed on its behalf by:

Lynne Bentham - Director

1.	Statutory information

Fairwood Leisure Storage 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 receivable for caravan storage facilities provided during the year.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of the business, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

90,000

Amortisation

Amortisation for year

9,000

At 31 December 2024

9,000

Net book value

At 31 December 2024

81,000

At 31 December 2023

90,000

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 January 2024

and 31 December 2024

8,846

Depreciation

At 1 January 2024

6,951

Charge for year

474

At 31 December 2024

7,425

Net book value

At 31 December 2024

1,421

At 31 December 2023

1,895

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

67,428

94,201

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Taxation and social security

12,922

17,082

Other creditors

29,392

29,182

42,314

46,264

8.	Provisions for liabilities

2024

2023

£

£

Deferred tax

377

502

Deferred

tax

£

Balance at 1 January 2024

502

Credit to Statement of Income and Retained Earnings during year

(125

)

Balance at 31 December 2024

377

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Lynne Bentham

Balance outstanding at start of year

43,215

99,355

Amounts advanced

23,280

23,280

Amounts repaid

(36,740

)

(79,420

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,755

43,215

Patrick Joseph Clinton

Balance outstanding at start of year

24,071

80,727

Amounts advanced

19,680

19,680

Amounts repaid

(33,011

)

(76,336

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,740

24,071