Company No: 14385316 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	6,284,000		6,284,000
		6,284,000		6,284,000
Current assets
Debtors	4	8,717		17,339
Cash at bank and in hand		110,623		167,373
		119,340		184,712
Creditors: amounts falling due within one year	5	( 5,407,811)		( 5,820,451)
Net current liabilities		(5,288,471)		(5,635,739)
Total assets less current liabilities		995,529		648,261
Net assets		995,529		648,261
Capital and reserves
Called-up share capital		99,500		99,500
Profit and loss account		896,029		548,761
Total shareholders' funds		995,529		648,261

For the financial year 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 members have not required the Company to obtain an audit of its financial statements for the financial year 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 Profit and Loss Account has not been delivered.

The financial statements of Fairfield Park Ltd (registered number: 14385316) were approved and authorised for issue by the Board of Directors on 16 June 2026. They were signed on its behalf by:

C Foster Director

1. Accounting policies

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

General information and basis of accounting

Fairfield Park Ltd (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 Hoppins Farm, Southerton, Ottery St. Mary, EX11 1SD, 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 £.

Going concern

The financial statements have been prepared on a going-concern basis. The company has net current liabilities of £5,288,471 at the year-end. There are amounts included within creditors of £3,356,816, which are owed to current directors of the company. The directors will not seek repayment of the loans for at least 12 months, to the extent that any such repayment would jeopardise the future of the company. Therefore, the directors consider that the going concern basis is appropriate.

Turnover

Turnover comprises the fair value of rent received or receivable for the letting of investment property in the period in which the tenant occupies the property.

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 Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		8

3. Investment property

	Investment property
	£
Valuation
As at 01 October 2024	6,284,000
As at 30 September 2025	6,284,000

Valuation

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current market value of £6,284,000 (2024 - £6,284,000).

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	6,284,000		6,284,000

4. Debtors

	2025		2024
	£		£
Amounts owed by directors	0		13,104
Prepayments	4,166		4,235
Other debtors	4,551		0
	8,717		17,339

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	138,162		148,129
Other creditors	5,269,649		5,672,322
	5,407,811		5,820,451

6. Related party transactions

Other related party transactions

The participators loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

T Blackwell

At 1 October 2024, the balance owed from the participator was £6,552. During the year, the company made advances to participator amounting to £6,953 and received repayments of £13,505, leaving a balance due from the participator of £nil.

At 1 October 2023, the balance owed from the participator was £Nil. During the year, the company made advances to participator amounting to £6,552 and received repayments of £Nil leaving a balance due from the participator of £6,552.

S Hardwick

At 1 October 2024, the balance owed from the participator was £6,552. During the year, the company made advances to participator amounting to £6,953 and received repayments of £13,505 leaving a balance due from the participator of £nil

At 1 October 2023, the balance owed from the participator was £Nil. During the year, the company made advances to participator amounting to £6,552 and received repayments of £Nil, leaving a balance due from the participator of £6,552.