FAIRPORT LIMITED - Filleted accounts

Registered number

02773749

FAIRPORT LIMITED

Filleted Accounts

31 March 2025

FAIRPORT LIMITED
Registered number:		02773749
Balance Sheet
as at 31 March 2025

Notes			2025			2023
£				£
Fixed assets
Tangible assets	3		2,000,000			2,000,000

Current assets
Cash at bank and in hand		8,373			26,083

Creditors: amounts falling due within one year	4	(233,054)			(203,373)

Net current liabilities			(224,681)			(177,290)

Net assets			1,775,319			1,822,710

Capital and reserves
Called up share capital			2			2
Revaluation reserve	5		1,707,599			1,707,599
Profit and loss account			67,718			115,109

Shareholders' funds			1,775,319			1,822,710

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mr Ammar Wafaie
Director
Approved by the board on 21 July 2025

FAIRPORT LIMITED
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025


1	Accounting policies

	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.

	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.


2	Employees	2025		2023
Number			Number

	Average number of persons employed by the company	1		1


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 January 2024			2,000,000
	At 31 March 2025			2,000,000

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			2,000,000
	At 31 December 2023			2,000,000


4	Creditors: amounts falling due within one year	2025		2023
£			£

	Trade creditors	22,154		22,154
	Taxation and social security costs	75,140		63,571
	Other creditors	135,760		117,648
		233,054		203,373


5	Revaluation reserve	2025		2023
£			£

	At 1 January 2024	1,707,599		1,707,599

	At 31 March 2025	1,707,599		1,707,599


6	Other information

	FAIRPORT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	37a Curzon Street
	London
	W1J 7TX