Fairview Investments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07380890

FAIRVIEW INVESTMENTS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

8 October 2024

FAIRVIEW INVESTMENTS LTD

FINANCIAL STATEMENTS

PERIOD FROM 30 SEPTEMBER 2023 TO 8 OCTOBER 2024

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	2

FAIRVIEW INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION

8 October 2024

	8 Oct 24	29 Sep 23
Note	£	£

FIXED ASSETS

Tangible assets	4	1,200,000	1,200,000

CURRENT ASSETS

Debtors	5	85,240	445,500
Cash at bank and in hand		5,523	3,582
		---------	----------
		90,763	449,082

CREDITORS: amounts falling due within one year	6	( 313,667)	( 269,093)
		----------	----------
NET CURRENT (LIABILITIES)/ASSETS		( 222,904)	179,989
		-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES		977,096	1,379,989

CREDITORS: amounts falling due after more than one year	7	( 610,207)	( 612,482)

PROVISIONS	( 150,000)	( 150,000)
	----------	-------------
NET ASSETS	216,889	617,507
	----------	-------------

CAPITAL AND RESERVES

Called up share capital	25	100
Profit and loss account	216,864	617,407
	----------	----------
SHAREHOLDERS FUNDS	216,889	617,507
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the period ending 8 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

Mr A Lipschitz

Director

Company registration number: 07380890

FAIRVIEW INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 30 SEPTEMBER 2023 TO 8 OCTOBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 85 Fairview Road, London, N15 6TT.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the Profit and Loss Account represents amounts of rental income and service charges invoiced during the period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - Investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and - No depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is determined by the director based on her understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all its financial liabilities.

4. TANGIBLE ASSETS

	Investment property
	£
Fair value
At 30 September 2023 and 8 October 2024	1,200,000
	-------------
Carrying amount
At 8 October 2024	1,200,000
	-------------
At 29 September 2023	1,200,000
	-------------

The company's investment properties were valued by the director, based on his understanding of property market conditions and the specific properties concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. The historical cost of the properties is £383,090.

5. DEBTORS

	8 Oct 24	29 Sep 23
	£	£
Other debtors	85,240	445,500
	---------	----------

6. CREDITORS: amounts falling due within one year

	8 Oct 24	29 Sep 23
	£	£
Bank loans and overdrafts	2,101	2,101
Other creditors	311,566	266,992
	----------	----------
	313,667	269,093
	----------	----------

7. CREDITORS: amounts falling due after more than one year

	8 Oct 24	29 Sep 23
	£	£
Bank loans and overdrafts	610,207	612,482
	----------	----------

8. RELATED PARTY TRANSACTIONS

(i) Included in Other debtors are loans aggregating £63,791 due from companies connected with a director. The loans are interest-free and repayable on demand. (ii) Included in Other creditors are loans aggregating £270,933 due to companies connected with a director. The loans are interest-free and repayable on demand.