REGISTERED NUMBER: 02762590 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

FAIRHOLME ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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

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.