Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 The principal activty of the company is the renting out of residential properties.false false 2024-04-01 2 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12870690 2024-04-01 2025-03-31 12870690 2023-04-01 2024-03-31 12870690 2025-03-31 12870690 2024-03-31 12870690 c:Director1 2024-04-01 2025-03-31 12870690 c:Director2 2024-04-01 2025-03-31 12870690 d:CurrentFinancialInstruments 2025-03-31 12870690 d:CurrentFinancialInstruments 2024-03-31 12870690 d:Non-currentFinancialInstruments 2025-03-31 12870690 d:Non-currentFinancialInstruments 2024-03-31 12870690 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12870690 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12870690 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 12870690 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12870690 d:ShareCapital 2025-03-31 12870690 d:ShareCapital 2024-03-31 12870690 d:RetainedEarningsAccumulatedLosses 2025-03-31 12870690 d:RetainedEarningsAccumulatedLosses 2024-03-31 12870690 c:FRS102 2024-04-01 2025-03-31 12870690 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12870690 c:FullAccounts 2024-04-01 2025-03-31 12870690 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12870690 6 2024-04-01 2025-03-31 12870690 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 12870690 FAIRSPRING INVESTMENTS LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FAIRSPRING INVESTMENTS LTD REGISTERED NUMBER: 12870690 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 5 |  | 1,328,009 |  | 1,005,869
|  |  | 1,328,009 |  | 1,005,869
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 1,588 |  | 1,291 |
Cash at bank and in hand | 7 | 7,338 |  | 6,993 |
|  | 8,926 |  | 8,284 |
Creditors: amounts falling due within one year | 8 | (4,824) |  | (2,552) |
Net current assets |  |  | 4,102 |  | 5,732
Total assets less current liabilities |  |  | 1,332,111 |  | 1,011,601
Creditors: amounts falling due after more than one year | 9 |  | (1,342,711) |  | (1,013,781)
Net liabilities |  |  | (10,600) |  | (2,180)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | (11,600) |  | (3,180)
|  |  | (10,600) |  | (2,180)
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FAIRSPRING INVESTMENTS LTD REGISTERED NUMBER: 12870690 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Deborah Dunhill | Richard W D Dunhill
Director | Director
Date: 7 December 2025 |
The notes on pages 3 to 6 form part of these financial statements. Page 2
FAIRSPRING INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Fairspring Investments Ltd is a private company limited by shares and registered in England and Wales. Its registered office is Springbank Farm, Stoney Lane, Burley Woodhead, West Yorkshire, LS29 7AU. The company number is 12870690. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
At the balance sheet date the directors were owed £398,924.. The directors are prepared to offer their continuing support to the business in the coming year.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
FAIRSPRING INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any differances in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in proft or loss.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are thought to be relevent. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only affects that period, or in the period of revision and future periods if the revision affects both the current and future periods.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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FAIRSPRING INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Cost or valuation |
| At 1 April 2024 | 1,005,869
| Additions | 322,140
| At 31 March 2025 | 1,328,009
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 1,588 | 1,291
|  | 1,588 | 1,291
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 7,338 | 6,993
|  | 7,338 | 6,993
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accruals and deferred income | 4,824 | 2,552
|  | 4,824 | 2,552
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FAIRSPRING INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 943,787 | 704,047
| Loan from directors | 398,924 | 309,734
|  | 1,342,711 | 1,013,781
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 943,787 | 704,047
|  | 943,787 | 704,047
| Details of security provided:
The bank loans are secured on property owned by the company.
| The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Repayable other than by instalments | 943,787 | 704,047
|  | 943,787 | 704,047
The loans repayable other than by instalments are repayable at the end of terms varying between 5 & 18 years. Interest is charged at rates varying between 3.24% and 5.29%. The directors have advanced £398,924 to the company on a long term basis. There are no fixed repayment terms and interest is not currently being charged.
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