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Fairtree Micro Living UK Limited
Annual Report and Unaudited Financial Statements
Year Ended 28 February 2025

Registration number: 12269723

Fairtree Micro Living UK Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Fairtree Micro Living UK Limited

Balance Sheet

28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 88 | 88
Current assets |  |  |
Debtors | 5 | 5,841,471 | 5,583,456
Creditors: Amounts falling due within one year | 6 | (5,857,579) | (5,597,558)
Net current liabilities |  | (16,108) | (14,102)
Net liabilities |  | (16,020) | (14,014)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Profit and loss account |  | (16,120) | (14,114)
Shareholders' deficit |  | (16,020) | (14,014)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 August 2026

......................................... J A Nel Director

Company Registration Number: 12269723

Fairtree Micro Living UK Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

The principal place of business is:
2nd Floor
Windsor House
Lower Pollet
St Peter Port
Guernsey
GY1 1WF

These financial statements were authorised for issue by the director on 13 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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' and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The functional currency for the company is the Euro, on the basis that this is the primary currency in the regions where the company operates. The accounts are prepared in Pound Sterling as the presentational currency adopted.
Monetary amounts in these financial statements are rounded to the nearest pound.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Fairtree Micro Living UK Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

Group accounts not prepared

Fairtree Micro Living UK Limited is the parent undertaking of a small group, and on this basis is exempt from the requirement of the Companies Act to prepare group accounts.
Consequentially the financial statements reflect the position and performance of the company only.

Going concern

The financial statements have been prepared on a going concern basis.

Finance income and costs policy

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated debt capital.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Exchange differences arising from retranslation of the opening net assets are reported in the Consolidated Statement of Comprehensive Income, with cumulative impacts shown within 'other reserves' on the balance sheet.

Investments

Investments in subsidiaries are recognised at cost less accumulated impairment.

Fairtree Micro Living UK Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade creditors;
• Loans due from group undertakings; and
• Other loans due to and from the company.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Critical judgements and estimation uncertainty

In applying the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
In the opinion of the Director estimation uncertainty exists in the following areas:
Recoverability of loans
Management have considered the recoverability of loans due to it from third parties, including subsidiary undertakings. No factors have been identified to suggest that balances are now wholly recoverable and therefore no provision has been recognised in the financial statements.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Fairtree Micro Living UK Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 88 | 88

Subsidiaries | £
Cost or valuation
At 1 March 2024 and 28 February 2025 | 88
Carrying amount
At 28 February 2025 | 88
At 29 February 2024 | 88

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking |  | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Fairtree Alternative Residential B.V. |  |
Ordinary
100%
100%
Garenmarkt 1A Leiden B.V. |  |
Ordinary
80%
80%
Schipholweg 101 Leiden B.V. |  |
Ordinary
80%
80%
*AA1 B.V. |  |
Ordinary
100%
100%
*AA3 B.V. |  |
Ordinary
100%
100%
*AA4 B.V. |  |
Ordinary
100%
100%

* Denotes an indirect subsidiary of Fairtree Micro Living UK Limited.
Each of the above named companies are incorporated in the Netherlands, with their principal operation being the brokerage in trade, lease or rental of real estate. The registered office for all of these companies except AA3 B.V. and AA4 B.V. is Princess Margrietplantsoen 33, 2595AM, the Hague, Netherlands. The registered office for AA3 B.V and AA4 B.V. is Schipholweg 101 L, 2316XC Leiden.

Fairtree Micro Living UK Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

5 | Debtors

| 2025 £ | 2024 £
Amounts owed by group undertakings | 3,019,191 | 4,540,522
Other debtors | 1,616,747 | 130,317
Accrued income | 1,205,533 | 912,617
| 5,841,471 | 5,583,456

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2022 £
Due within one year |  |
Trade creditors | 2,010 | -
Amounts due to group undertakings | 3,231,005 | 3,214,312
Other creditors | 1,419,031 | 1,469,707
Accrued expenses | 1,205,533 | 913,539
| 5,857,579 | 5,597,558

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £1 each | 100 | 100 | 100 | 100