Company No: 12838636 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	2,364,041		2,386,503
		2,364,041		2,386,503
Current assets
Debtors	4	855,550		852,843
Cash at bank and in hand		13,145		56,449
		868,695		909,292
Creditors: amounts falling due within one year	5	( 807,012)		( 808,429)
Net current assets		61,683		100,863
Total assets less current liabilities		2,425,724		2,487,366
Creditors: amounts falling due after more than one year	6	( 582,043)		( 630,727)
Provision for liabilities		( 17,356)		( 13,024)
Net assets		1,826,325		1,843,615
Capital and reserves
Called-up share capital	7	100		100
Share premium account		1,604,511		1,604,511
Profit and loss account		221,714		239,004
Total shareholders' funds		1,826,325		1,843,615

For the financial year ending 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Fairfield Country Rest Home Limited (registered number: 12838636) were approved and authorised for issue by the Board of Directors on 08 July 2026. They were signed on its behalf by:

Mr S Pantling 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 Country Rest Home 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 Fairfield Country Rest Home Launcells, Nr Bude, Cornwall, EX23 9NH, 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 stated net of trade discounts and is recognised as services are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 over its expected useful life, as follows:

Land and buildings	50 years straight line
	not depreciated
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Computer equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	40		42

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2025	2,500,000		53,211		11,500		8,211		2,572,922
Additions	0		2,005		28,466		0		30,471
At 31 March 2026	2,500,000		55,216		39,966		8,211		2,603,393
Accumulated depreciation
At 01 April 2025	166,774		12,878		3,986		2,781		186,419
Charge for the financial year	39,637		8,334		3,876		1,086		52,933
At 31 March 2026	206,411		21,212		7,862		3,867		239,352
Net book value
At 31 March 2026	2,293,589		34,004		32,104		4,344		2,364,041
At 31 March 2025	2,333,226		40,333		7,514		5,430		2,386,503

4. Debtors

	2026		2025
	£		£
Prepayments	4,715		2,843
Other debtors	850,835		850,000
	855,550		852,843

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	48,824		48,349
Taxation and social security	89,349		98,570
Other creditors	668,839		661,510
	807,012		808,429

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

	2026		2025
	£		£
Bank loans (secured)	582,043		630,727

Bank loans are secured by way of fixed and floating charges held over all property and undertaking of the company.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
22 Ordinary A shares of £ 1.00 each	22		22
22 Ordinary B shares of £ 1.00 each	22		22
25 Ordinary C shares of £ 1.00 each	25		25
25 Ordinary D shares of £ 1.00 each	25		25
6 Ordinary E shares of £ 1.00 each	6		6
	100		100

8. Related party transactions

Other related party transactions

	2026		2025
	£		£
Loan to related party	850,000		850,000

During the year, the company was owed £850,000 (2025: £850,000) by Ace Invest Ltd, a company under common control. The loan is non interest bearing and is repayable on demand.