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Company registration number:
13998608
Fairlyn Properties Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Proud Goulbourn
Office 16, Hamilton Davies House, 117c Liverpool Road, Cadishead, Manchester, M44 5BG, United Kingdom
Fairlyn Properties Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Fairlyn Properties Ltd
Year ended
31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Fairlyn Properties Ltd
for the year ended
31 March 2025
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Fairlyn Properties Ltd
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Fairlyn Properties Ltd
and state those matters that we have agreed to state to the Board of Directors of
Fairlyn Properties Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Fairlyn Properties Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Fairlyn Properties Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Fairlyn Properties Ltd
. You consider that
Fairlyn Properties Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Fairlyn Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
26 November 2025
Fairlyn Properties Ltd
Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
215,000
 
194,219
 
Current assets    
Debtors 6 -  
320
 
Cash at bank and in hand
7,567
 
3,863
 
7,567
 
4,183
 
Creditors: amounts falling due within one year 7
(40,385
 )
(38,257
 )
Net current liabilities
(32,818
 )
(34,074
 )
Total assets less current liabilities 182,182   160,145  
Creditors: amounts falling due after more than one year 8
(167,253
 )
(166,253
 )
Net assets/(liabilities)
14,929
 
(6,108
 )
Capital and reserves    
Called up share capital
2
 
2
 
Revaluation reserve
20,781
  -  
Profit and loss account
(5,854
 )
(6,110
 )
Shareholders funds/(deficit)
14,929
 
(6,108
 )
For the year ending
31 March 2025
, 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 year 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
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.
These
financial statements
were approved by the board of directors and authorised for issue on
26 November 2025
, and are signed on behalf of the board by:
Mr V Patel
Director
Company registration number:
13998608
Fairlyn Properties Ltd
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office 16, Hamilton Davies House 117c Liverpool Road
,
Cadishead
,
Manchester
,
M44 5BG
, United Kingdom.

2 Statement of compliance

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

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents rental income receivable by the company.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

5 Tangible assets

Land and buildings
£
Cost or valuation  
At
1 April 2024
194,219
 
Revaluations
20,781
 
At
31 March 2025
215,000
 
Depreciation  
At
1 April 2024
and
31 March 2025
 -  
Carrying amount  
At
31 March 2025
215,000
 
At 31 March 2024
194,219
 

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and buildingsLand and buildings
20252024
££
Aggregate historical cost 194,219   194,219  
Carrying amount 194,219   194,219  

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2025
£
Carrying amount at
1 April 2024
194,219.00
 
Fair value adjustments
20,781
 
Carrying amount at
31 March 2025
215,000
 

6 Debtors

20252024
££
Other debtors -  
320
 

7 Creditors: amounts falling due within one year

20252024
££
Taxation and social security
600
 
400
 
Other creditors
39,785
 
37,857
 
40,385
 
38,257
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
72,253
 
71,253
 
Other creditors
95,000
 
95,000
 
167,253
 
166,253
 
The bank loan is secured by a charge over the property.
The bank loan is repayable after more than 5 years.