Fairmount Consulting Limited - Filleted accounts

Registered number

13514048

Fairmount Consulting Limited

Filleted Accounts

31 July 2025

Fairmount Consulting Limited
Registered number:		13514048
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		32,133			48,258

Current assets
Debtors	4	301,620			338,868
Cash at bank and in hand		510,374			429,021
		811,994			767,889

Creditors: amounts falling due within one year	5	(136,007)			(176,062)

Net current assets			675,987			591,827

Total assets less current liabilities			708,120			640,085

Creditors: amounts falling due after more than one year	6		-			(41,622)

Provisions for liabilities			(8,034)			(12,065)


Net assets			700,086			586,398

Capital and reserves
Called up share capital			100			100
Profit and loss account			699,986			586,298

Shareholder's funds			700,086			586,398

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Alastair Hawes
Director
Approved by the board on 15 September 2025

Fairmount Consulting Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	over 5 years
	Motor vehicles	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Office equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	3,749		76,877		80,626
	At 31 July 2025	3,749		76,877		80,626

	Depreciation
	At 1 August 2024	1,617		30,751		32,368
	Charge for the year	750		15,375		16,125
	At 31 July 2025	2,367		46,126		48,493

	Net book value
	At 31 July 2025	1,382		30,751		32,133
	At 31 July 2024	2,132		46,126		48,258


4	Debtors			2025		2024
£					£

	Trade debtors			22,620		68,868
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			279,000		270,000
				301,620		338,868


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			41,622		13,605
	Taxation and social security costs			92,346		156,153
	Other creditors			2,039		6,304
				136,007		176,062


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			-		41,622


7	Related party transactions

	Mr A Hawes is a director and shareholder of Fairmount Homes Limited. Fairmount Consulting Limited provided a loan to Fairmount Homes Limited. At the balance sheet date - £279,000 (31/7/23 - £270,000) is due from Fairmount Homes Limited.


8	Other information

	Fairmount Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
	20 Lammas Road
	Godalming
	GU7 1YL