REGISTERED NUMBER: 10379562 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

FAIRLIGHT HOMES (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A H Taylor

Mrs A P A Barros Taylor

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

10379562 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

1,034

15,336

CURRENT ASSETS

Stocks

5

607,882

574,555

Debtors

6

176,952

258,306

Cash at bank

2,748

-

787,582

832,861

CREDITORS

Amounts falling due within one year

7

560,189

614,430

NET CURRENT ASSETS

227,393

218,431

TOTAL ASSETS LESS CURRENT LIABILITIES

228,427

233,767

CREDITORS

Amounts falling due after more than one year

8

(214,113

)

(223,947

)

PROVISIONS FOR LIABILITIES

9

(259

)

(2,825

)

NET ASSETS

14,055

6,995

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,053

6,993

SHAREHOLDERS' FUNDS

14,055

6,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

A H Taylor - Director

1.	STATUTORY INFORMATION

Fairlight Homes (UK) 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income from consultancy work net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on reducing balance

Furniture,fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Furniture,fittings

Motor

Computer

machinery

& equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

7,840

1,000

18,425

4,682

31,947

Disposals

-

-

(18,425

)

-

(18,425

)

At 31 March 2025

7,840

1,000

-

4,682

13,522

DEPRECIATION

At 1 April 2024

6,638

822

4,606

4,545

16,611

Charge for year

301

45

-

137

483

Eliminated on disposal

-

-

(4,606

)

-

(4,606

)

At 31 March 2025

6,939

867

-

4,682

12,488

NET BOOK VALUE

At 31 March 2025

901

133

-

-

1,034

At 31 March 2024

1,202

178

13,819

137

15,336

5.

STOCKS

2025

2024

£

£

Work-in-progress

607,882

574,555

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

2,700

Other debtors

173,322

250,435

Tax

-

3,319

Prepayments and accrued income

2,250

-

Prepayments

1,380

1,852

176,952

258,306

Other debtors forms amounts owed by related companies. These are repayable upon demand but are not expected to be received within one year.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

26,960

23,863

Other loans

160,422

490,025

Trade creditors

3,128

4,607

Tax

26,826

-

PAYE

780

58

VAT

7,244

3,075

Other creditors

332,851

-

Directors' current accounts

138

91,002

Accrued expenses

1,840

1,800

560,189

614,430

Other creditors forms amounts owed by related companies. These are repayable upon demand but are not expected to be received within one year.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

9,364

19,826

Bank loans - 2-5 years

15,190

15,190

Bank loans more 5 yr by instal

189,559

188,931

214,113

223,947

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

189,559

188,931

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Deferred tax

259

2,914

Deferred tax on losses

-

(89

)

259

2,825

Deferred

tax

£

Balance at 1 April 2024

2,825

Provided during year

(2,655

)

Utilised during year

89

Accelerated capital allowances

Deferred tax on losses

Balance at 31 March 2025

259

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £173,322 (2024 £250,435) by Little Worsham Barns Ltd, a company controlled by A H Taylor. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company owed £332,851 (2024 £335,773) to A And D Properties Ltd, a company controlled by A H Taylor. No interest was charged on this amount. This amount is repayable on demand.