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REGISTERED NUMBER: 08575475 (England and Wales)

Fairview Holiday Homes Limited

Financial Statements for the Year Ended 31st May 2025

Fairview Holiday Homes Limited (Registered number: 08575475)

Contents of the Financial Statements

for the year ended 31st May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Fairview Holiday Homes Limited

Company Information

for the year ended 31st May 2025

| DIRECTORS: | R. A. Rowbottom

| R.E.M. Rowbottom

| A C Rowbottom

| SECRETARY: | R.E.M. Rowbottom

| REGISTERED OFFICE: | Plowlands Farm

| Patrington Road

| Welwick

| East Yorkshire

| HU12 0RU

| REGISTERED NUMBER: | 08575475 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie Limited

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

Fairview Holiday Homes Limited (Registered number: 08575475)

Balance Sheet

31st May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,486,586 |  | 1,545,941 |  |

CURRENT ASSETS

Debtors | 5 | 15,703 |  | 14,036 |  |

Cash at bank | 38,773 |  | 22,426 |  |

54,476 |  | 36,462 |  |

CREDITORS

Amounts falling due within one year | 6 | 702,319 |  | 1,491,061 |  |

NET CURRENT LIABILITIES | (647,843 | ) | (1,454,599 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 838,743 |  | 91,342 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (779,563 | ) | - |  |

PROVISIONS FOR LIABILITIES | (32,169 | ) | (47,676 | ) |

NET ASSETS | 27,011 |  | 43,666 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 26,911 |  | 43,566 |  |

SHAREHOLDERS' FUNDS | 27,011 |  | 43,666 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Fairview Holiday Homes Limited (Registered number: 08575475)

Balance Sheet - continued

31st May 2025

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 Profit & loss account has not been delivered.

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

R. A. Rowbottom - Director

Fairview Holiday Homes Limited (Registered number: 08575475)

Notes to the Financial Statements

for the year ended 31st May 2025

1. | STATUTORY INFORMATION

| Fairview Holiday Homes Limited 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

| The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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

| Turnover

| Turnover represents income from the letting of holiday homes, Renewable Heat Incentive income and other sundry income. Turnover is recognised net of VAT on an accruals basis during the period in which it is generated.

| Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation

| Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

| The annual rates used are as follows:

| Land and buildings |  | 4% on cost |  |

| Plant and machinery etc |  | 5% on cost, 10% on cost, 15% on cost |  |

| Current & deferred tax

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current and past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 and other future taxable profits.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| 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.

Fairview Holiday Homes Limited (Registered number: 08575475)

Notes to the Financial Statements - continued

for the year ended 31st May 2025

2. | ACCOUNTING POLICIES - continued

| Loans & borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

| Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 10 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and |

| property |  | property |  | machinery |  | Totals

£ | £ | £ | £ |

| COST

| At 1st June 2024 | 1,724,208 |  | 521,805 |  | 28,447 |  | 2,274,460 |  |

| Additions | - |  | 1,800 |  | - |  | 1,800 |  |

| At 31st May 2025 | 1,724,208 |  | 523,605 |  | 28,447 |  | 2,276,260 |  |

| DEPRECIATION

| At 1st June 2024 | 368,971 |  | 338,946 |  | 20,602 |  | 728,519 |  |

| Charge for year | 38,011 |  | 20,998 |  | 2,146 |  | 61,155 |  |

| At 31st May 2025 | 406,982 |  | 359,944 |  | 22,748 |  | 789,674 |  |

| NET BOOK VALUE

| At 31st May 2025 | 1,317,226 |  | 163,661 |  | 5,699 |  | 1,486,586 |  |

| At 31st May 2024 | 1,355,237 |  | 182,859 |  | 7,845 |  | 1,545,941 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Tax | - |  | 4,843 |  |

| Prepayments and accrued income | 15,703 |  | 9,193 |  |

15,703 |  | 14,036 |  |

Fairview Holiday Homes Limited (Registered number: 08575475)

Notes to the Financial Statements - continued

for the year ended 31st May 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 34,755 |  | - |  |

| Other loans | 619,076 |  | 1,424,791 |  |

| Trade creditors | 28,438 |  | 50,420 |  |

| Social security and other taxes | 10,616 |  | 3,673 |  |

| Directors' current accounts | - |  | 6,629 |  |

| Accruals and deferred income | 9,434 |  | 5,548 |  |

702,319 |  | 1,491,061 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 2-5 years | 779,563 |  | - |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 814,318 |  | - |  |

| Other loans | 619,076 |  | 1,424,791 |  |

1,433,394 |  | 1,424,791 |  |

| The company was granted a loan facility by PJR (Mile House) Limited. At 1 May 2024 the amount due to PJR (Mile House) Limited was £1,424,791. During the year the company made a lump sum repayment reducing the loan outstanding at 31 May 2025 to £619,076. Interest is paid at 2.35% above the base rate of Virgin Money.

| The company took out a loan of £820,000 on 31 March 2025 with Virgin Money. At 31 May 2025 the amount owed is £814,318. Interest is fixed at 4.19% plus margin of 2%.

| The above loans are secured over the company's freehold and leasehold properties.