Fairways Property Services Limited

Registered number

09333707

Filleted Accounts

31 March 2025

Fairways Property Services Limited
Registered number:		09333707
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		43,975			69,149

Current assets
Debtors	4	96,605			87,242
Cash at bank and in hand		129,528			181,340
		226,133			268,582

Creditors: amounts falling due within one year	5	(110,673)			(152,752)

Net current assets			115,460			115,830

Total assets less current liabilities			159,435			184,979


Provisions for liabilities			(6,583)			(11,901)


Net assets			152,852			173,078

Capital and reserves
Called up share capital	6		100			100
Profit and loss account			152,752			172,978

Shareholders' funds			152,852			173,078

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G C Davies
Director
Approved by the board on 12 December 2025

Fairways Property Services Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small companies regime). The significant accounting policies applied din the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and from the sale of goods. When the outcome of a transaction can be estimated reliably, turnover from services rendered are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to comparing the costs incurred for work performed to date to the total estimated contract costs. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. 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 measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment			25% straight line
	Plant and machinery			25% straight line
	Motor vehicles and trailer			25% straight line


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Office equipment		Plant and machinery		Motor vehicles and trailer		Total
£			£		£		£
	Cost
	At 1 April 2024	8,088		1,511		104,414		114,013
	Additions	1,332		-		-		1,332
	At 31 March 2025	9,420		1,511		104,414		115,345

	Depreciation
	At 1 April 2024	6,965		1,511		36,388		44,864
	Charge for the year	894		-		25,612		26,506
	At 31 March 2025	7,859		1,511		62,000		71,370

	Net book value
	At 31 March 2025	1,561		-		42,414		43,975
	At 31 March 2024	1,123		-		68,026		69,149


4	Debtors					2025		2024
£							£

	Trade debtors					75,893		83,192
	Other debtors					20,712		4,050
						96,605		87,242


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					26,208		49,075
	Taxation and social security costs					56,154		65,911
	Other creditors					28,311		37,766
						110,673		152,752


6	Share capital	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


7	Other information

	Fairways Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Hurst Cottage
	Hurst Lane
	Winchester
	Hants
	SO21 1JQ