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Registration number: 06535124

Fairey Associates Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Fairey Associates Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Fairey Associates Limited

Company Information

Directors | Ms Jennifer Louise Hughes Mr Edward James Fairey

Company secretary | Ms Jennifer Louise Hughes

Registered office | Mayfield Farm Hungerdown Lane Ardleigh Colchester Essex CO7 7LZ

Accountants | Anthony Russel Limited 1st Floor 11 Freeport Office Village Century Drive Braintree Essex CM77 8YG

Fairey Associates Limited

(Registration number: 06535124)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 136,525 | 167,394
Tangible assets | 5 | 628,548 | 654,677
Investments | 6 | - | 582,147
|  | 765,073 | 1,404,218
Current assets |  |  |
Debtors | 7 | 45,852 | 40,759
Cash at bank and in hand |  | 1,271,766 | 1,112,862
|  | 1,317,618 | 1,153,621
Creditors: Amounts falling due within one year | 8 | (447,525) | (319,823)
Net current assets |  | 870,093 | 833,798
Total assets less current liabilities |  | 1,635,166 | 2,238,016
Provisions for liabilities |  | - | (6,938)
Net assets |  | 1,635,166 | 2,231,078
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,635,066 | 2,230,978
Shareholders' funds |  | 1,635,166 | 2,231,078

Fairey Associates Limited

(Registration number: 06535124)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 January 2026 and signed on its behalf by:

......................................... Ms Jennifer Louise Hughes Company secretary and director |  |

Fairey Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
Mayfield Farm Hungerdown Lane
Ardleigh
Colchester
Essex
CO7 7LZ

These financial statements were authorised for issue by the Board on 16 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents revenue earned under a wide variety of contracts to provide goods and services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.

Fairey Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet 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
Long leasehold | 2% on cost
Fixtures and fittings | 10% on cost
Office equipment | 20% on cost
Motor Vehicles | 25% RBM

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight line over 5 years

Fairey Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 40 (2024 - 33).

Fairey Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 May 2024 | 301,139 | 301,139
Additions acquired separately | 36,699 | 36,699
At 30 April 2025 | 337,838 | 337,838
Amortisation
At 1 May 2024 | 133,745 | 133,745
Amortisation charge | 67,568 | 67,568
At 30 April 2025 | 201,313 | 201,313
Carrying amount
At 30 April 2025 | 136,525 | 136,525
At 30 April 2024 | 167,394 | 167,394

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 668,363 | 86,555 | 83,879 | 838,797
Additions | - | 5,431 | - | 5,431
At 30 April 2025 | 668,363 | 91,986 | 83,879 | 844,228
Depreciation
At 1 May 2024 | 76,161 | 62,525 | 45,434 | 184,120
Charge for the year | 13,367 | 8,581 | 9,612 | 31,560
At 30 April 2025 | 89,528 | 71,106 | 55,046 | 215,680
Carrying amount
At 30 April 2025 | 578,835 | 20,880 | 28,833 | 628,548
At 30 April 2024 | 592,202 | 24,030 | 38,445 | 654,677

Fairey Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Included within the net book value of land and buildings above is £578,834 (2024 - £592,201) in respect of long leasehold land and buildings.

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | - | 582,147

Subsidiaries | £
Cost or valuation
At 1 May 2024 | 582,147
Additions | 632,531
At 30 April 2025 | 1,214,678
Provision
Provision | 1,214,678
Carrying amount
At 30 April 2025 | -
At 30 April 2024 | 582,147

7 | Debtors

| Note | 2025 £ | 2024 £
Other debtors |  | 39,927 | 40,759
Deferred tax assets |  | 5,925 | -
|  | 45,852 | 40,759

Fairey Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
trade creditors |  | 69,518 | 67,334
Other creditors |  | - | 4,055
Pension contributions unpaid |  | - | 8,811
PAYE and NIC |  | 48,349 | 38,437
Corporation tax |  | 328,183 | 200,304
Accrued expenses |  | 1,475 | 882
|  | 447,525 | 319,823

9 | Related party transactions

Transactions with directors The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024: No interest is charged on the loan.

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
Directors | 19,400 | 18,000 | (19,400) | 18,000

2024 | At 1 May 2023 £ | Advances to director £ | At 30 April 2024 £
Directors | (600) | 20,000 | 19,400