REGISTERED NUMBER: 13771690 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FAIRER PLACES LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

K Naseem

REGISTERED OFFICE:

Carpenter Court 1 Maple Road,

Bramhall, Stockport,

Cheshire

London

SK7 2DH

REGISTERED NUMBER:

13771690 (England and Wales)

SENIOR STATUTORY AUDITOR:

Anwer Patel BA (Hons) FCA,BFP

AUDITORS:

Prestons

Chartered Accountants

Statutory Auditors

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The principal activity of the company in the year under review was that of provide accommodation and business support service activities.

Key Financial Performance Indicators

The company key financial and other performance indicators during the year were as follows:

2025

2024

£

£

Turnover (continuing operations)

331,524,476

3 00,504,036

Operating Profit

7,582,748

7,818,504

Profit after Tax

5,685,567

5,834,055

Shareholder's Funds

23,217,065

17,531,498

This has been maintained by effective credit control system monitored by the director and management on ongoing basis.

Non Financial Performance Indicators

The Management of Human Resources:

Director has regular meeting with key management employees to ensure any issues relating to staff are resolved as a priority. This has helped company to have low level of staff turnover and increased efficiencies.

Product and Service Price/Quality:

The company ensures that accommodation and related services provided are good quality standards..

PRINCIPAL RISKS AND UNCERTAINTIES

The director hold regular meetings to evaluate the company's risk management process. Director have tight

control on debtors and cash flow position of the company which is reviewed on ongoing basis.

ON BEHALF OF THE BOARD:

K Naseem - Director

23 December 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors who have held office during the period from 1 April 2024 to the date of this report are as follows:

Ms S Naseem - resigned 31 March 2025

K Naseem - appointed 31 March 2025

CHARITABLE DONATION

During the year company made charitable donations for the sum of £607,669 (2024 - £ 552,949)

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Prestons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

K Naseem - Director

23 December 2025

Opinion

We have audited the financial statements of Fairer Places Ltd (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities to detect material misstatement in respect of irregularities, including fraud is detailed below:

- We exercise professional judgment and maintain professional skepticism throughout the audit;

- We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud in higher that for one resulting from error, as fraud may involve collusion, forgery, intentional, omissions, misrepresentations, or the deliberate override of internal control; - We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control;

- We evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made; - We assess the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business;

- We conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the entity to cease to continue as a going concern.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Anwer Patel BA (Hons) FCA,BFP (Senior Statutory Auditor)

for and on behalf of Prestons

Chartered Accountants

Statutory Auditors

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

23 December 2025

TURNOVER

3

331,524,476

300,504,036

Cost of sales

323,218,109

291,830,195

GROSS PROFIT

8,306,367

8,673,841

Administrative expenses

1,645,059

1,281,636

6,661,308

7,392,205

Other operating income

921,440

426,299

OPERATING PROFIT

5

7,582,748

7,818,504

Income from fixed asset investments

-

46,940

7,582,748

7,865,444

Interest payable and similar expenses

7

1,326

101,795

PROFIT BEFORE TAXATION

7,581,422

7,763,649

Tax on profit

8

1,895,855

1,929,594

PROFIT FOR THE FINANCIAL YEAR

5,685,567

5,834,055

PROFIT FOR THE YEAR

5,685,567

5,834,055

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

5,685,567

5,834,055

FIXED ASSETS

Tangible assets

9

2,333

4,333

CURRENT ASSETS

Debtors

10

37,692,855

7,568,381

Cash at bank and in hand

21,271,171

38,060,867

58,964,026

45,629,248

CREDITORS

Amounts falling due within one year

11

35,749,294

28,102,083

NET CURRENT ASSETS

23,214,732

17,527,165

TOTAL ASSETS LESS CURRENT LIABILITIES

23,217,065

17,531,498

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

23,216,965

17,531,398

SHAREHOLDERS' FUNDS

23,217,065

17,531,498

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

K Naseem - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 29 May 2023

100

11,697,343

11,697,443

Changes in equity

Total comprehensive income

-

5,834,055

5,834,055

Balance at 31 March 2024

100

17,531,398

17,531,498

Changes in equity

Total comprehensive income

-

5,685,567

5,685,567

Balance at 31 March 2025

100

23,216,965

23,217,065

Cash flows from operating activities

Cash generated from operations

1

(14,892,515

)

23,352,700

Interest paid

(1,326

)

(101,795

)

Tax paid

(1,895,855

)

(4,783,869

)

Net cash from operating activities

(16,789,696

)

18,467,036

Cash flows from investing activities

Purchase of fixed asset investments

-

(1,000,000

)

Sale of fixed asset investments

-

1,508,437

Dividends received

-

46,940

Net cash from investing activities

-

555,377

(Decrease)/increase in cash and cash equivalents

(16,789,696

)

19,022,413

Cash and cash equivalents at beginning of year

2

38,060,867

19,038,454

Cash and cash equivalents at end of year

2

21,271,171

38,060,867

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

£

£

Profit before taxation

7,581,422

7,763,649

Depreciation charges

2,000

1,667

Finance costs

1,326

101,795

Finance income

-

(46,940

)

7,584,748

7,820,171

Increase in trade and other debtors

(30,124,474

)

(1,954,234

)

Increase in trade and other creditors

7,647,211

17,486,763

Cash generated from operations

(14,892,515

)

23,352,700

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

21,271,171

38,060,867

Period ended 31 March 2024

31/3/24

29/5/23

£

£

Cash and cash equivalents

38,060,867

19,038,454

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

38,060,867

(16,789,696

)

21,271,171

38,060,867

(16,789,696

)

21,271,171

Total

38,060,867

(16,789,696

)

21,271,171

1.	STATUTORY INFORMATION

Fairer Places Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In preparing these financial statements, the Directors have made judgements and estimates that affect

the application of accounting policies and the reported amounts of assets, liabilities, income, and

expenses. These estimates and underlying assumptions are reviewed on an ongoing basis.

Critical Judgements:

There were no significant judgements made in applying the Company’s accounting policies that have

a material effect on the financial statements.

Key Sources of Estimation Uncertainty:

The following are the key areas of estimation uncertainty:

Allowance for doubtful debts:

The Company estimates the reconcilability of trade receivables and

makes provisions where necessary, based on past experience and knowledge of individual customers.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.Depreciation is provided on the following basis:

Computer equipments 25% on cost

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss

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.

Financial instruments

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible, intangible

and other assets to determine whether there is any indication that those assets have suffered an impairment loss. If such an indication exists, the recoverable amount of asset is estimated in order to determine the extent of the impairment loss (if any).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

£

£

United kingdom

331,524,476

300,504,036

331,524,476

300,504,036

4.	EMPLOYEES AND DIRECTORS

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

£

£

Wages and salaries

493,192

294,399

Social security costs

57,528

35,019

Other pension costs

124,389

124,169

675,109

453,587

The average number of employees during the year was as follows:

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

Senior Management

1

1

Administrative and other staff

4

5

5

6

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

£

£

Directors' remuneration

200,000

83,333

Information regarding the highest paid director for the year ended 31 March 2025 is as follows:

Year Ended

31/3/25

£

Emoluments etc

200,000

5.	OPERATING PROFIT

The operating profit is stated after charging:

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

£

£

Depreciation - owned assets

2,000

1,667

6.	AUDITORS' REMUNERATION

31.03.2025

31.03.2024

£

£

Statutory audit fee

6,000

5,000

Fee for non-audit services

10,091

3,600

16,091

8,600

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

£

£

Int.on Vat & CT

1,326

101,795

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

£

£

Current tax:

UK corporation tax

1,895,855

1,929,594

Tax on profit

1,895,855

1,929,594

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period

29/5/23

Year Ended

to

31/3/25

31/3/24

£

£

Profit before tax

7,581,422

7,763,649

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

1,895,356

1,940,912

Effects of:

Expenses not deductible for tax purposes

499

417

Income not taxable for tax purposes

-

(11,735

)

Total tax charge

1,895,855

1,929,594

9.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

8,000

DEPRECIATION

At 1 April 2024

3,667

Charge for year

2,000

At 31 March 2025

5,667

NET BOOK VALUE

At 31 March 2025

2,333

At 31 March 2024

4,333

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

31,859,757

740,560

Other debtors

5,833,098

6,827,821

37,692,855

7,568,381

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

29,461,700

17,534,461

Social security and other taxes

11,093

14,454

Pension Control

937

1,206

VAT

5,936,484

10,161,729

Other creditors

13,199

-

Accrued expenses

325,881

390,233

35,749,294

28,102,083

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100