ACCOUNTS - Final Accounts preparation

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.

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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.

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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.

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

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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