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Company No: 16186006 (England and Wales)

# FAIRGREEN DEVELOPMENT TP1 LIMITED

### Unaudited Financial Statements
For the financial period from 15 January 2025 to 30 September 2025
Pages for filing with the registrar

FAIRGREEN DEVELOPMENT TP1 LIMITED

## Unaudited Financial Statements

For the financial period from 15 January 2025 to 30 September 2025

Contents

FAIRGREEN DEVELOPMENT TP1 LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 September 2025
FAIRGREEN DEVELOPMENT TP1 LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2025

| Note | 30.09.2025
|  | £
Fixed assets |  |
Investment property | 3 | 600,000
|  | 600,000
Current assets |  |
Debtors | 4 | 39,586
|  | 39,586
Creditors: amounts falling due within one year | 5 | ( 573,818)
Net current liabilities |  | (534,232)
Total assets less current liabilities |  | 65,768
Creditors: amounts falling due after more than one year | 6 | ( 11,840)
Net assets |  | 53,928
Capital and reserves |  |
Called-up share capital | 7 | 10
Revaluation reserve |  | 35,519
Profit and loss account |  | 18,399
Total shareholder's funds |  | 53,928

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

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Fairgreen Development TP1 Limited (registered number: 16186006) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

F O Khatri Director |

23 February 2026

FAIRGREEN DEVELOPMENT TP1 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 15 January 2025 to 30 September 2025
FAIRGREEN DEVELOPMENT TP1 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 15 January 2025 to 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Fairgreen Development TP1 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

#### 2. Employees

| Period from 15.01.2025 to 30.09.2025
| Number
Monthly average number of persons employed by the company during the period, including directors | 4

#### 3. Investment property

| Investment property
| £
Valuation |
As at 15 January 2025 | 0
Additions | 552,642
Fair value movement | 47,358
As at 30 September 2025 | 600,000

The 2025 valuations were made by directors, on an open market value for existing use basis.

#### 4. Debtors

| 30.09.2025
| £
Amounts owed by group undertakings | 31,510
Other debtors | 8,076
| 39,586

#### 5. Creditors: amounts falling due within one year

| 30.09.2025
| £
Trade creditors | 840
Taxation and social security | 5,427
Other creditors | 567,551
| 573,818

#### 6. Creditors: amounts falling due after more than one year

| 30.09.2025
| £
Other creditors | 11,840

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Called-up share capital

| 30.09.2025
| £
Allotted, called-up and fully-paid |
1,000 Ordinary shares of £ 0.01 each | 10

#### 8. Ultimate controlling party

Parent Company:

Fairgreen Development Ltd
35 Ballards Lane, London, England, N3 1XW