FAIRWEATHER FREEHOLDS LTD
FAIRWEATHER FREEHOLDS LTD
Registered number: 10033610
Financial Statements
For The Year Ended 31 May 2018
Accounting and Allied Services Ltd
52a Spring grove road
Hounslow
Middlesex
TW3 4BN
FAIRWEATHER FREEHOLDS LTD
Financial Statements
For The Year Ended 31 May 2018
Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
FAIRWEATHER FREEHOLDS LTD
Balance Sheet
As at
31 May 2018
Balance Sheet
Registered number:
10033610
For the year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
31 May 2018 | Period to 31 May 2017 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (76,750) | (76,184) | |||
Page 1
FAIRWEATHER FREEHOLDS LTD
Balance Sheet (continued)
As at
31 May 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
FAIRWEATHER FREEHOLDS LTD
Notes to the Financial Statements
For The Year Ended 31 May 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
3.
Investments
Other | |
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£ | |
Cost | |
As at |
500 |
As at |
500 |
Provision | |
As at |
- |
As at |
- |
Net Book Value | |
As at |
500 |
As at |
500 |
Page 3
FAIRWEATHER FREEHOLDS LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2018
4.
Debtors
31 May 2018 | Period to 31 May 2017 | ||
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£ | £ | ||
Due within one year | |||
Intercompany balance due from subsidiary |
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Due after more than one year | |||
Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
31 May 2018 | Period to 31 May 2017 | ||
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£ | £ | ||
Other creditors |
( |
( |
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Other creditors (1) |
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Director's loan account |
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6.
Creditors: Amounts Falling Due After More Than One Year
31 May 2018 | Period to 31 May 2017 | ||
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£ | £ | ||
Bank loans |
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8.
General Information
FAIRWEATHER FREEHOLDS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10033610 . The registered office is Flat 9 Clementine Court, 65 Northwick Avenue, Harrow, Middlesex, HA3 0DG.
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