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COMPANY REGISTRATION NUMBER: 07274827

Fairbuild Renovations Ltd

Filleted Unaudited Financial Statements

30 June 2025

Fairbuild Renovations Ltd

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 5,810 | 5,933

Current assets

Stocks | 225,639 |  | 340,542
Debtors | 6 | 1,287,724 |  | 707,998
Cash at bank and in hand | 18,816 |  | 313,625
| ------------ |  | ------------
| 1,532,179 |  | 1,362,165

Creditors: amounts falling due within one year | 7 | 1,136,089 |  | 979,168
| ------------ |  | ------------
Net current assets |  | 396,090 | 382,997
|  | --------- | ---------
Total assets less current liabilities |  | 401,900 | 388,930

Creditors: amounts falling due after more than one year | 8 |  | – | 2,117
|  | --------- | ---------
Net assets |  | 401,900 | 386,813
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | 401,800 | 386,713
|  | --------- | ---------
Shareholders funds |  | 401,900 | 386,813
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Fairbuild Renovations Ltd

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 23 March 2026 , and are signed on behalf of the board by:

Mr M Bacon
Director

Company registration number: 07274827

Fairbuild Renovations Ltd

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and equipment | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
5. Tangible assets

| Plant and equipment | Motor vehicles | Total
| £ | £ | £
Cost |  |  |
At 1 July 2024 | 4,097 | 14,588 | 18,685
Additions | 1,814 | – | 1,814
| ------ | -------- | --------
At 30 June 2025 | 5,911 | 14,588 | 20,499
| ------ | -------- | --------
Depreciation |  |  |
At 1 July 2024 | 2,905 | 9,847 | 12,752
Charge for the year | 752 | 1,185 | 1,937
| ------ | -------- | --------
At 30 June 2025 | 3,657 | 11,032 | 14,689
| ------ | -------- | --------
Carrying amount |  |  |
At 30 June 2025 | 2,254 | 3,556 | 5,810
| ------ | -------- | --------
At 30 June 2024 | 1,192 | 4,741 | 5,933
| ------ | -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 5 | 96
Other debtors | 1,287,719 | 707,902
| ------------ | ---------
| 1,287,724 | 707,998
| ------------ | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 3,333 | 10,000
Trade creditors | 55,884 | 58,407
Social security and other taxes | 687 | 726
Other creditors | 1,076,185 | 910,035
| ------------ | ---------
| 1,136,089 | 979,168
| ------------ | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 2,117
| ---- | ------

9. Related party transactions
Directors have made loans to the company. The balance owing to the directors at the year end was £1,038,519 (2024: £845,463). Fairbuild Renovations Ltd has loaned money to associated companies. The total balance of these loans at the year end was £1,260,247 (2024: £669,620). Fairbuild Renovations Ltd has borrowed money from an associated company. The balance owing at the year end was £37,400 (2024: £24,400). All loans have no repayment terms and are interest free.