REGISTERED NUMBER: 04377706 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Fairshields Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

K S Obhrai

REGISTERED OFFICE:

3-5 Church Street

Ampthill

Bedfordshire

MK45 2PJ

REGISTERED NUMBER:

04377706 (England and Wales)

ACCOUNTANTS:

Integral Associates Limited

86-90 Paul Street

London

EC2A 4NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

441,750

443,994

441,750

443,994

CURRENT ASSETS

Stocks

6

15,389

15,152

Debtors

7

400,244

281,768

Cash at bank and in hand

44,567

61,979

460,200

358,899

CREDITORS

Amounts falling due within one year

8

216,219

166,345

NET CURRENT ASSETS

243,981

192,554

TOTAL ASSETS LESS CURRENT LIABILITIES

685,731

636,548

CREDITORS

Amounts falling due after more than one year

9

(917,261

)

(994,373

)

PROVISIONS FOR LIABILITIES

11

(2,089

)

(2,366

)

NET LIABILITIES

(233,619

)

(360,191

)

CAPITAL AND RESERVES

Called up share capital

12

100

100

Equity contribution reserve

13

89,128

89,128

Retained earnings

13

(322,847

)

(449,419

)

SHAREHOLDERS' FUNDS

(233,619

)

(360,191

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

K S Obhrai - Director

1.	STATUTORY INFORMATION

Fairshields 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Amortisation

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - over 15 years

Franchise Licenses - over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Equipment

-

33% on cost and 20% on cost

Motor vehicles

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Licences

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

400,000

85,000

485,000

AMORTISATION

At 1 September 2024

and 31 August 2025

400,000

85,000

485,000

NET BOOK VALUE

At 31 August 2025

-

-

-

At 31 August 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Long

Investment

leasehold

Fixtures

Motor

property

property

& Equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

400,000

3,765

1,014,566

48,903

1,467,234

Additions

-

-

18,591

-

18,591

At 31 August 2025

400,000

3,765

1,033,157

48,903

1,485,825

DEPRECIATION

At 1 September 2024

-

3,765

980,970

38,505

1,023,240

Charge for year

-

-

15,636

5,199

20,835

At 31 August 2025

-

3,765

996,606

43,704

1,044,075

NET BOOK VALUE

At 31 August 2025

400,000

-

36,551

5,199

441,750

At 31 August 2024

400,000

-

33,596

10,398

443,994

The director have considered the fair value of the investment property at the Balance Sheet date and are of the opinion that the carrying value at 31 August 2019 represents the fair value of the investment property.

6.

STOCKS

31.8.25

31.8.24

£

£

Stocks

15,389

15,152

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

266,720

165,792

Other debtors - cash for

banking

26,086

6,377

Prepayments and accrued income

107,438

109,599

400,244

281,768

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 10)

8,716

11,163

Trade creditors

84,841

77,281

CorporationTax

777

711

PAYE and NIC

9,914

4,804

VAT

56,261

39,529

Other creditors

6,280

8,978

Company credit cards

14,858

18,366

Net wages

3,463

39

Accrued expenses

31,109

5,474

216,219

166,345

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The bank loan is secured by a first legal charge over the investment property of the company.

10.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank loans < 1 year

8,716

11,163

Amounts falling due between one and two years:

Bank loans > 1 year

-

81,918

11.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

Provisions - deferred tax

2,089

2,366

Deferred

tax

£

Balance at 1 September 2024

2,366

Provided during year

(277

)

Balance at 31 August 2025

2,089

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary shares

£1

100

100

13.

RESERVES

Equity

Retained

contribution

earnings

reserve

Totals

£

£

£

At 1 September 2024

(449,419

)

89,128

(360,291

)

Profit for the year

126,572

126,572

At 31 August 2025

(322,847

)

89,128

(233,719

)

14.	RELATED PARTY DISCLOSURES

Rent of £66,000 (2024: £66,000) was due to the parent undertaking during the year. The company has received an interest free loan of £157,626 (2024: £152,819) from the parent undertaking.

The company also received interest free loans of £4,112 (2024:£4,112) from the directors.

The company has also received an interest free loan from Bremwell Ltd, a related undertaking, of £208,053 (2024: £208,053).

15.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Ridgmont Ltd, a company incorporated in Isle of Man.