REGISTERED NUMBER: 09813404 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Fairbanks Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M R Anwyl

Mr C J Jones

Mr W J Rowland

REGISTERED OFFICE:

Beech House

Anchorage Avenue

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6FG

REGISTERED NUMBER:

09813404 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Investment property

4

1,380,000

1,380,000

CURRENT ASSETS

Debtors

5

33,506

33,678

Cash at bank

7,154

13,327

40,660

47,005

CREDITORS

Amounts falling due within one year

6

214,092

225,597

NET CURRENT LIABILITIES

(173,432

)

(178,592

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,206,568

1,201,408

CREDITORS

Amounts falling due after more than one year

7

670,229

712,197

NET ASSETS

536,339

489,211

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserve

8

(30,442

)

(30,442

)

Retained earnings

8

566,681

519,553

SHAREHOLDERS' FUNDS

536,339

489,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr M R Anwyl - Director

Mr C J Jones - Director

Mr W J Rowland - Director

1.	STATUTORY INFORMATION

Fairbanks Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the fair value reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,380,000

NET BOOK VALUE

At 31 March 2025

1,380,000

At 31 March 2024

1,380,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

(247,740

)

Valuation in 2016

207,152

Cost

1,420,588

1,380,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,420,588

1,420,588

Investment property was valued on an open market basis on 31 March 2025 by Mr M R Anwyl .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,359

23,358

Deferred tax asset

10,147

10,147

Prepayments

-

173

33,506

33,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

51,171

59,745

Trade creditors

-

24,207

Tax

11,889

13,198

VAT

5,840

1,805

M R Anwyl Limited

47,060

39,660

Christopher J Jones Limited

47,410

40,010

Rowmere Properties Limited

22,830

19,130

Accruals and deferred income

27,892

27,842

214,092

225,597

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

49,945

57,517

Bank loans - 2-5 years

169,089

168,230

Bank loans more 5 yr by instal

451,195

486,450

670,229

712,197

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

451,195

486,450

8.

RESERVES

Non

Retained

distributable

earnings

reserve

Totals

£

£

£

At 1 April 2024

519,553

(30,442

)

489,111

Profit for the year

47,128

47,128

At 31 March 2025

566,681

(30,442

)

536,239

9.	RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors amounted to £117,300 (2024 £98,800).