| Fairway Motel Developments Limited |
| Registered number: |
14620346 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
778,998 |
|
|
- |
|
| Current assets |
| Debtors |
4 |
|
241,959 |
|
|
94,880 |
| Cash at bank and in hand |
|
|
314 |
|
|
85,140 |
|
|
|
242,273 |
|
|
180,020 |
|
| Creditors: amounts falling due within one year |
5 |
|
(322,493) |
|
|
(180,390) |
|
| Net current liabilities |
|
|
|
(80,220) |
|
|
(370) |
|
| Total assets less current liabilities |
|
|
|
698,778 |
|
|
(370) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(700,000) |
|
|
- |
|
|
|
| Net liabilities |
|
|
|
(1,222) |
|
|
(370) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
59 |
|
|
30 |
| Profit and loss account |
|
|
|
(1,281) |
|
|
(400) |
|
| Shareholders' funds |
|
|
|
(1,222) |
|
|
(370) |
|
|
|
|
|
|
|
|
| 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 members have 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. |
|
|
|
| Mr Sunder Kripalani |
| Director |
| Approved by the board on 31 October 2025 |
|
| Fairway Motel Developments Limited |
| Notes to the Accounts |
| for the year ended 31 January 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). |
|
|
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. |
|
|
Going concern |
|
At 31 January 2025 the company had net current liabilities of £80,220 [2024 - £370]. The director of the company is confident that all payments and liabilities will be met as and when they arise. The director is of the opinion that the financial statements should be drawn up on a going concern basis. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
Additions |
778,998 |
|
|
At 31 January 2025 |
778,998 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
241,959 |
|
94,880 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
322,493 |
|
180,390 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
700,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
2025 |
|
2024 |
| £ |
£ |
|
24 Church Street Developments Limited |
|
|
The company is related to 24 Church Street Developments Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows: |
|
The amount due (to) / from 24 Church Street Developments Limited; |
|
- |
|
(5,000) |
|
|
Adelaide House Developments Limited |
|
|
The company is related to Adelaide House Developments Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows: |
|
|
The amount due (to) / from Adelaide House Developments Limited |
|
133,500 |
|
30,000 |
|
|
Benz Travel Limited |
|
The company is related to Benz Travel Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows: |
|
|
The amount due (to) / from Benz Travel Limited |
|
5,000 |
|
(5,000) |
|
|
Lemon Properties Limited |
|
|
The company is related to Lemon Properties Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows: |
|
62,200 |
|
5,000 |
|
|
New Look Properties Limited |
|
|
The company is related to New Look Properties Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows: |
|
1,700 |
|
- |
|
|
Leeds2 Properties Limited |
|
The company is related to Leeds2 Properties Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows: |
|
39,500 |
|
4,500 |
|
|
Penn Investments Limited |
|
The company is related to Penn Investments Limited by virtue of common control. The amount due to and from these related parties at the year end were as follows: |
|
(38,453) |
|
- |
|
| 8 |
Controlling party |
|
|
The company is controlled jointly by Mr Sunder Kripalani and Mrs Sarita Kripalani by virtue of their 70% shareholding in the issued share capital of the company. |
|
| 9 |
Other information |
|
|
Fairway Motel Developments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite-11 Boundary House |
|
Boston Road |
|
London |
|
W7 2QE |