Fairmont Investment Management Limited (Previously: Dark Star Asset Management Limited) Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10605099

Fairmont Investment Management Limited (Previously: Dark Star Asset Management Limited)

Annual Report and Audited Financial Statements

31 December 2025

Fairmont Investment Management Limited (Previously: Dark Star Asset Management Limited)

Financial Statements

Year ended 31 December 2025

Contents	Page

Director's responsibilities statement	1

Statement of financial position	2

Notes to the financial statements	3

Fairmont Investment Management Limited (Previously: Dark Star Asset Management Limited)

Director's Responsibilities Statement

Year ended 31 December 2025

The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the director is required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Fairmont Investment Management Limited (Previously: Dark Star Asset Management Limited)

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	188	–

Current assets

Debtors	7	7,243	9,388
Cash at bank		84,481	163,680
		--------	---------
		91,724	173,068

Creditors: amounts falling due within one year	8	16,470	12,350
		--------	---------
Net current assets		75,254	160,718
		--------	---------
Total assets less current liabilities		75,442	160,718
		--------	---------
Net assets		75,442	160,718
		--------	---------

Capital and reserves

Called up share capital	585,000	485,000
Other reserves	2,797	–
Retained earnings	( 512,355)	( 324,282)
	---------	---------
Shareholders funds	75,442	160,718
	---------	---------

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

Mr S Morjaria
Director

Company registration number: 10605099

Fairmont Investment Management Limited (Previously: Dark Star Asset Management Limited)

Notes to the Financial Statements

Year ended 31 December 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 33 Cavendish Square, London, W1G 0PW, United Kingdom.

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.

Going concern

The financial statements have been prepared on a going concern basis. In making this assessment, the directors have considered the company’s financial position, forecasts and regulatory capital requirements. At the balance sheet date, the company had net assets of £75,422, marginally above its minimum regulatory capital requirement of £75,000. On 20 January 2026, after the reporting date, the company issued 50,000 ordinary shares of £1 each for cash, raising £50,000 before expenses. This significantly strengthened the company’s capital and liquidity position. In addition, the company has received a letter of financial support from its shareholders, under which they have confirmed their intention to provide such financial support as may be required to enable the company to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. After considering the above factors, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future and it is therefore appropriate to prepare the financial statements on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. (a) Critical judgements in applying the entity's accounting policies The Directors have not been required to apply any significant judgements in preparing the financial statements. (b) Critical accounting estimates and assumptions The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below: (c) Impairment of Debtors The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtors, the ageing profile of debtors and historical experience. See note 11 for the carrying amount of the debtors.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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.

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:

	Computer equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Administrative expenses

Administrative expenses include wages, rent, bank charges, office expenses, foreign exchange gains and losses and legal and professional fees.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

6. Tangible assets

	Computer equipment
	£
Cost
At 1 January 2025	–
Additions	221
	----
At 31 December 2025	221
	----
Depreciation
At 1 January 2025	–
Charge for the year	33
	----
At 31 December 2025	33
	----
Carrying amount
At 31 December 2025	188
	----
At 31 December 2024	–
	----

7. Debtors

	2025	2024
	£	£
Other debtors	7,243	9,388
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	16,470	12,350
	--------	--------

9. Events after the end of the reporting period

On 20 January 2026, after the reporting date, the company issued 50,000 ordinary shares of £1 each for cash, raising £50,000. The proceeds strengthened the company’s capital and cash position and ensured that it continued to meet its minimum regulatory capital requirements.

10. Summary audit opinion

The auditor's report dated 24 April 2026 was unqualified .

The senior statutory auditor was Dominic Wood , for and on behalf of Burgess Hodgson Audit Limited .

11. Immediate and ultimate controlling party

The Company's immediate and ultimate parent undertaking was DSAM Limited, whose registered address is 33 Cavendish Square, London, W1G OPW, United Kingdom. On 8 January 2025, Fairmont Partners LLP became the ultimate parent company, whose registered address is 33 Cavendish Square, London, W1G 0PW .