REGISTERED NUMBER: 16168099 (England and Wales)

Unaudited Financial Statements

for the Period

7 January 2025 to 31 January 2026

for

Fair Way Exchange Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Dinwiddie

H J Hinchley

REGISTERED OFFICE:

22 Grange Road

Darlington

DL1 5NG

REGISTERED NUMBER:

16168099 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Great North House

20 Allington Way

DARLINGTON

Co Durham

DL1 4QB

FIXED ASSETS

Intangible assets

4

56,704

CURRENT ASSETS

Stocks

5

2,750

Debtors

6

50,039

Cash at bank and in hand

31,468

84,257

CREDITORS

Amounts falling due within one year

7

(146,384

)

NET CURRENT LIABILITIES

(62,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,423

)

CAPITAL AND RESERVES

Called up share capital

8

99

Share premium

224,991

Retained earnings

(230,513

)

SHAREHOLDERS' FUNDS

(5,423

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2026 and were signed on its behalf by:

D M Dinwiddie - Director

1.	STATUTORY INFORMATION

Fair Way Exchange 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.

Going concern

The company has net current liabilities however, favorable credit terms have been granted by an associated company to allow the payment of the outstanding balance at such a time the company has cash reserves available.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

Turnover

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

Income recognition

Turnover represents the amount derived from the provision of goods and services to customers after deduction of trade discounts and value added tax. Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

Our fees and delivery charges in relation to acting as an intermediary for the platform users are recognised at the point the third party completes the sale.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 period was 1 .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

Additions

60,933

At 31 January 2026

60,933

AMORTISATION

Amortisation for period

4,229

At 31 January 2026

4,229

NET BOOK VALUE

At 31 January 2026

56,704

5.

STOCKS

£

Stocks

2,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

47,616

Prepayments and accrued income

2,423

50,039

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

134,505

Taxation and social security

2,622

Other creditors

2,262

Accruals and deferred income

6,995

146,384

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

9,900

Ordinary

£0.01

99

During the period, the following shares were alloted and fully paid:-

On incorporation 1000 Ordinary shares were issued for cash at par.

On 28 March 2025 8000 Ordinary shares were issued for cash at par.

Between 4 April 2025 and 31 August 2025 900 Ordinary shares were issued for cash at a premium of £249.99 per share.

9.	RELATED PARTY DISCLOSURES

Director, D M Dinwiddie, charge the company £9,000 for his services in the period, there was no outstanding balance at the period end.

Maitland Agency Limited, a company controlled by D M Dinwiddie, charged the company £132,077 for advertising, marketing and brand development services in the period. The balance outstanding at 31 January 2026 was £116,905.