REGISTERED NUMBER: 03315635 (England and Wales)

FAIRYHILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

A E Fionda

Mrs J M E Fionda

R A Fionda

SECRETARY:

R A Fionda

REGISTERED OFFICE:

Stonebank House

10 Wrights Lane

Wymondham

Melton Mowbray

LE14 2BA

REGISTERED NUMBER:

03315635 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

FIXED ASSETS

Property, plant and equipment

4

356,399

357,304

Investment property

5

3,994,506

3,994,556

4,350,905

4,351,860

CURRENT ASSETS

Debtors

6

69,346

122,417

Cash at bank

1,854,206

1,508,396

1,923,552

1,630,813

CREDITORS

Amounts falling due within one year

7

209,795

194,508

NET CURRENT ASSETS

1,713,757

1,436,305

TOTAL ASSETS LESS CURRENT LIABILITIES

6,064,662

5,788,165

PROVISIONS FOR LIABILITIES

44,600

44,826

NET ASSETS

6,020,062

5,743,339

CAPITAL AND RESERVES

Called up share capital

8

5

5

Fair value reserve - PPE to deemed cost

9

225,745

225,745

Fair value reserve

9

75,247

75,247

Retained earnings

5,719,065

5,442,342

SHAREHOLDERS' FUNDS

6,020,062

5,743,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

R A Fionda - Director

Mrs J M E Fionda - Director

1.	STATUTORY INFORMATION

Fairyhill 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 as modified by the revaluation of certain assets.

Revenue

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

Revenue represents the total invoice value, excluding value added tax, of rents recoverable, goods and services rendered during the period.

Property, plant and equipment

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

Land and buildings

-

Nil

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 15% on reducing balance

Freehold property has not been depreciated as the directors do not believe that the property will decrease in value.

On transition to FRS102, it was decided by the directors to use a previous UK GAAP valuation for freehold property as deemed cost going forward. Further details regarding this valuation can be found in note 4.

Investment property

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 March 2025

350,000

29,625

379,625

Additions

-

382

382

Disposals

-

(747

)

(747

)

At 28 February 2026

350,000

29,260

379,260

DEPRECIATION

At 1 March 2025

-

22,321

22,321

Charge for year

-

1,211

1,211

Eliminated on disposal

-

(671

)

(671

)

At 28 February 2026

-

22,861

22,861

NET BOOK VALUE

At 28 February 2026

350,000

6,399

356,399

At 28 February 2025

350,000

7,304

357,304

Cost or valuation at 28 February 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2010

268,745

-

268,745

Cost

81,255

29,260

110,515

350,000

29,260

379,260

If freehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

81,255

81,255

Freehold land and buildings were valued on an open market basis on 28 February 2010 by the directors. The methods and assumptions used to ascertain the fair values are as follows:

The valuation was prepared having regard to the market based evidence for similar properties sold in the local area.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

3,994,556

Disposals

(50

)

At 28 February 2026

3,994,506

NET BOOK VALUE

At 28 February 2026

3,994,506

At 28 February 2025

3,994,556

Fair value at 28 February 2026 is represented by:

£

Valuation in 2017

(59,753

)

Valuation in 2022

135,000

Cost

3,919,259

3,994,506

If investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

3,919,259

3,919,309

Investment properties were valued on an open market basis on 28 February 2026 by the directors. The methods and assumptions used to ascertain the fair values are as follows:

The valuations were prepared on an appropriate yield basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

48,054

36,621

Other debtors

1,442

21,161

Directors' current accounts

-

46,853

Prepayments

19,850

17,782

69,346

122,417

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

20,252

18,497

Taxation

92,400

91,060

Other taxes and social security

20,212

15,927

Other creditors

38,802

34,727

Directors' current accounts

2,616

-

Accruals and deferred income

35,513

34,297

209,795

194,508

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

NIL

Ordinary

£1

-

5

50

Ordinary 10p

10p

5

-

5

5

The company passed an ordinary resolution on 10 February 2026 that 5 Ordinary shares of £1.00 each in the issued share capital of the company be sub-divided into 50 Ordinary shares of £0.10 each.

9.

RESERVES

Fair

value

reserve -

PPE to

Fair

deemed

value

cost

reserve

Totals

£

£

£

At 1 March 2025

and 28 February 2026

225,745

75,247

300,992

The aggregate surplus on re-measurement of freehold property and investment properties, net of associated deferred tax, is transferred to separate non-distributable fair value reserves in order to assist with the identification of profits available for distribution.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

R A Fionda

Balance outstanding at start of year

46,853

-

Amounts advanced

716,925

46,853

Amounts repaid

(763,778

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

46,853

Loans made to directors are repayable on demand.

Interest is charged on loans to directors at HM Revenue and Customs' approved rates.