Company No: 12009049 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	30.09.2024		30.09.2023
		£		£
Fixed assets
Tangible assets	3	6,393		6,180
Investment property	4	1,200,000		1,200,000
		1,206,393		1,206,180
Current assets
Debtors	5	82,102		109,033
Cash at bank and in hand	6	4,413		399
		86,515		109,432
Creditors: amounts falling due within one year	7	( 1,875,192)		( 1,783,755)
Net current liabilities		(1,788,677)		(1,674,323)
Total assets less current liabilities		(582,284)		(468,143)
Net liabilities		( 582,284)		( 468,143)
Capital and reserves
Called-up share capital	8	1,000		1,000
Revaluation reserve		( 582,176 )		( 582,176 )
Profit and loss account		( 1,108 )		113,033
Total shareholder's deficit		( 582,284)		( 468,143)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Fairgreen Commercial Properties Ltd (registered number: 12009049) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

F O Khatri Director

22 September 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

Fairgreen Commercial Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	30.09.2024		30.09.2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	4		4

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 October 2023	21,676		21,676
Additions	3,498		3,498
At 30 September 2024	25,174		25,174
Accumulated depreciation
At 01 October 2023	15,496		15,496
Charge for the financial year	3,285		3,285
At 30 September 2024	18,781		18,781
Net book value
At 30 September 2024	6,393		6,393
At 30 September 2023	6,180		6,180

4. Investment property

	Investment property
	£
Valuation
As at 01 October 2023	1,200,000
As at 30 September 2024	1,200,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	30.09.2024		30.09.2023
	£		£
Historic cost	1,782,176		1,782,176

5. Debtors

	30.09.2024		30.09.2023
	£		£
Amounts owed by associates	38,884		50,000
Other debtors	43,218		59,033
	82,102		109,033

6. Cash and cash equivalents

	30.09.2024		30.09.2023
	£		£
Cash at bank and in hand	4,413		399

7. Creditors: amounts falling due within one year

	30.09.2024		30.09.2023
	£		£
Trade creditors	22,200		24,308
Amounts owed to group undertakings	1,796,786		1,754,447
Other creditors	56,206		5,000
	1,875,192		1,783,755

8. Called-up share capital

	30.09.2024		30.09.2023
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

9. Ultimate controlling party

Parent Company:

Fairgreen Development Ltd

35 Ballards Lane, London, England, N3 1XW