IRIS Accounts Production v26.1.10.61 02762590 Board of Directors 1.4.25 31.3.26 31.3.26 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02762590 2025-03-31 02762590 2026-03-31 02762590 2025-04-01 2026-03-31 02762590 2024-03-31 02762590 2024-04-01 2025-03-31 02762590 2025-03-31 02762590 ns15:EnglandWales 2025-04-01 2026-03-31 02762590 ns14:PoundSterling 2025-04-01 2026-03-31 02762590 ns10:Director1 2025-04-01 2026-03-31 02762590 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 02762590 ns10:SmallEntities 2025-04-01 2026-03-31 02762590 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 02762590 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 02762590 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 02762590 ns10:FullAccounts 2025-04-01 2026-03-31 02762590 ns10:Director2 2025-04-01 2026-03-31 02762590 ns10:Director4 2025-04-01 2026-03-31 02762590 ns10:Director6 2025-04-01 2026-03-31 02762590 ns10:RegisteredOffice 2025-04-01 2026-03-31 02762590 ns5:CurrentFinancialInstruments 2026-03-31 02762590 ns5:CurrentFinancialInstruments 2025-03-31 02762590 ns5:ShareCapital 2026-03-31 02762590 ns5:ShareCapital 2025-03-31 02762590 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 02762590 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02762590 ns5:CostValuation 2025-03-31 02762590 ns5:RevaluationsIncreaseDecreaseInInvestments 2026-03-31 02762590 ns5:CostValuation 2026-03-31 02762590 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 02762590 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31

REGISTERED NUMBER: 02762590 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2026 |

| FOR |

| FAIRHOLME ASSOCIATES LIMITED |

FAIRHOLME ASSOCIATES LIMITED (REGISTERED NUMBER: 02762590) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| FAIRHOLME ASSOCIATES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | Dr A Baydar

| E Macnaghten

| G E Marsden

| J Sharra

| REGISTERED OFFICE: | 64 Fairholme Road

| London

| W14 9JY

| REGISTERED NUMBER: | 02762590 (England and Wales)

| ACCOUNTANTS: | Kingly Jones LLP

| Chartered Accountants

| 414 Linen Hall

| 162-168 Regent Street

| London

| W1B 5TE

FAIRHOLME ASSOCIATES LIMITED (REGISTERED NUMBER: 02762590) |

BALANCE SHEET

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 107 |  | 84 |  |

CURRENT ASSETS

Debtors | 5 | 14,707 |  | 26,949 |  |

Cash at bank | 10,761 |  | - |  |

25,468 |  | 26,949 |  |

CREDITORS

Amounts falling due within one year | 6 | 5,073 |  | 6,531 |  |

NET CURRENT ASSETS | 20,395 |  | 20,418 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 20,502 |  | 20,502 |  |

CAPITAL AND RESERVES

Called up share capital | 4 |  | 4 |  |

Retained earnings | 20,498 |  | 20,498 |  |

20,502 |  | 20,502 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 August 2026 and were signed on its behalf by:

E Macnaghten - Director

FAIRHOLME ASSOCIATES LIMITED (REGISTERED NUMBER: 02762590) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Fairholme Associates 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 April 2025 | 84 |  |

| Revaluations | 23 |  |

| At 31 March 2026 | 107 |  |

| NET BOOK VALUE

| At 31 March 2026 | 107 |  |

| At 31 March 2025 | 84 |  |

| Cost or valuation at 31 March 2026 is represented by:

| Other

| investments

£ |

| Valuation in 2023 | 55 |  |

| Valuation in 2024 | 5 |  |

| Valuation in 2025 | 24 |  |

| Valuation in 2026 | 23 |  |

107 |  |

| The company holds shares of Lloyds Banking Group plc that are stated at market price.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Other debtors | 14,707 |  | 26,949 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Other creditors | 5,073 |  | 6,531 |  |

FAIRHOLME ASSOCIATES LIMITED (REGISTERED NUMBER: 02762590) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

7. | FIXED ASSETS

| The purchase of the freehold of 64 Fairholme Road occurred during the financial year ending 31st March, 1994, which was acquired at a cost of £3,000. Due to the leasing of all four flats on long leasehold terms the freehold has no realisable value and as such was written down to nil in the Balance Sheet by year end 31st March, 1994.