Company registration number 09889829 (England and Wales)
FAIR OAK PROPERTIES EXETER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
FAIR OAK PROPERTIES EXETER LIMITED
COMPANY INFORMATION
Directors
Mr J R Whitechurch
Mrs J J Whitechurch
Mr J L Whitechurch
Mrs H F Barnes
Mrs C A M Short
Company number
09889829
Registered office
Tregida
Trelash
Warbstow
Launceston
Cornwall
United Kingdom
PL15 8RL
Accountants
Streets Bush Limited
Melrose House
Pynes Hill
Rydon Lane
Exeter
Devon
EX2 5AZ
FAIR OAK PROPERTIES EXETER LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FAIR OAK PROPERTIES EXETER LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
2,000,000
2,000,000
Current assets
Debtors
4
488
-
0
Cash at bank and in hand
21,917
22,980
22,405
22,980
Creditors: amounts falling due within one year
5
(172,699)
(163,320)
Net current liabilities
(150,294)
(140,340)
Total assets less current liabilities
1,849,706
1,859,660
Creditors: amounts falling due after more than one year
6
(962,750)
(1,031,380)
Provisions for liabilities
(114,806)
(114,806)
Net assets
772,150
713,474
Capital and reserves
Called up share capital
100
100
Retained earnings
772,050
713,374
Total equity
772,150
713,474
FAIR OAK PROPERTIES EXETER LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 July 2026 and are signed on its behalf by:
Mr J R Whitechurch
Mrs J J Whitechurch
Director
Director
Company Registration No. 09889829
FAIR OAK PROPERTIES EXETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

Fair Oak Properties Exeter Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tregida, Trelash, Warbstow, Launceston, Cornwall, United Kingdom, PL15 8RL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold property at market value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rent receivable, net of value added tax.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

FAIR OAK PROPERTIES EXETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Investment property
2025
£
Fair value
At 1 November 2024 and 31 October 2025
2,000,000
FAIR OAK PROPERTIES EXETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
3
Investment property
(Continued)
- 5 -

The freehold property was valued by the directors' on an open market basis as at 31 October 2025.

If the investment property had not been revalued it would have been included at its historical cost of £1,457,689.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
488
-
0
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
72,573
68,375
Taxation and social security
19,621
13,849
Other creditors
80,505
81,096
172,699
163,320
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
962,750
1,031,380

The long-term loans are secured by fixed and floating charges over the company assets.

FAIR OAK PROPERTIES EXETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
7
Related party transactions

Included in other creditors are amounts owed to two of the directors of £4 8,625. Interest has been charged at 4.875% during the period. T here are no fixed terms of repayment for this loan.

Included in other creditors are amounts owed by two of the directors to the company of £1,140. This loan is interest free and there are no fixed terms of repayment.

Included in other creditors are amounts of £10,528 owed to a company under the control of the directors. The loan is interest free and carries no fixed terms of repayment.

2025-10-31 2024-11-01 false false false 23 July 2026 CCH Software CCH Accounts Production 2026.200 The principle activity in the year was that of other letting and operating of own or leased real estate.
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