Registration number: 11245789

Fairlight Newman Ltd

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,145,072	2,170,052
Current assets
Debtors	5	34,862	62,022
Cash at bank and in hand		93,535	59,958
		128,397	121,980
Creditors: Amounts falling due within one year	6	(1,878,303)	(2,013,944)
Net current liabilities		(1,749,906)	(1,891,964)
Total assets less current liabilities		395,166	278,088
Provisions for liabilities		(617)	(1,163)
Net assets		394,549	276,925
Capital and reserves
Called up share capital		100	100
Retained earnings		394,449	276,825
Shareholders' funds		394,549	276,925

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Fairlight Newman Ltd has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Fairlight Newman Ltd

Statement of Financial Position as at 31 March 2025

Approved and authorised by the director on 15 December 2025
 

.........................................

Mr L N Thomas

Director

Company registration number: 11245789

Fairlight Newman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Commercial House
2/2a Newman Road
Bromley
Kent
BR1 1RJ

The principal activity of the company is that of the provision and management of serviced office accommodation.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net assets at 31 March 2025 of £394,549 including cash at bank of 93,535.

The company has continued to trade profitably subsequent to 31 March 2025 with licence fees being received as due and the director doesn't believe the company will be adversely affected by current economic conditions or global conflicts.

On the basis of the above and having made enquiries the director has a reasonable expectation that the company has adequate resources, to remain in operational existence for the foreseeable future. Accordingly, the director continues to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax and recognised over the licence fee period.

The company recognises turnover from service office accommodation evenly over the period of the licence to occupy and in respect of ancillary services over the period in which the services are provided.

Fairlight Newman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold building	2% Straight line
Fixtures and fittings	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company during the year, was 1 (2024 - 0).

Fairlight Newman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Freehold land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	2,298,539	158,663	2,457,202
At 31 March 2025	2,298,539	158,663	2,457,202
Depreciation
At 1 April 2024	133,140	154,010	287,150
Charge for the year	22,795	2,185	24,980
At 31 March 2025	155,935	156,195	312,130
Carrying amount
At 31 March 2025	2,142,604	2,468	2,145,072
At 31 March 2024	2,165,399	4,653	2,170,052

5

Debtors

	2025 £	2024 £
Trade debtors	34,862	62,022
	34,862	62,022

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	4,396	6,774
Taxation and social security	68,380	59,727
Accruals and deferred income	81,500	76,050
Other creditors	1,724,027	1,871,393
	1,878,303	2,013,944