Fairmort Holdings Limited - Accounts to registrar (filleted) - small 18.2
Fairmort Holdings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
| FOR |
| FAIRMORT HOLDINGS LIMITED |
| FAIRMORT HOLDINGS LIMITED (REGISTERED NUMBER: 05710363) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2020 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| FAIRMORT HOLDINGS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 March 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2nd Floor, Romy House |
| 163-167 Kings Road |
| Brentwood |
| Essex |
| CM14 4EG |
| FAIRMORT HOLDINGS LIMITED (REGISTERED NUMBER: 05710363) |
| BALANCE SHEET |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 | ( |
) | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| FAIRMORT HOLDINGS LIMITED (REGISTERED NUMBER: 05710363) |
| BALANCE SHEET - continued |
| 31 March 2020 |
| 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 |
| FAIRMORT HOLDINGS LIMITED (REGISTERED NUMBER: 05710363) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| Fairmort Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the 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. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FAIRMORT HOLDINGS LIMITED (REGISTERED NUMBER: 05710363) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| DEPRECIATION |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| A defensive fund created in 2011 investment totalling £30,000 - additions of £40,000 in 2011 and £20,000 in 2013. In 2016 £30,000 was moved to medium risk-fund. |
| A medium-risk fund created in 2014 investment totalling £160,000 - additions of £40,000 in 2014, £70,000 in 2016 (30,000 from defensive fund) and £50,000 in 2017. |
| FAIRMORT HOLDINGS LIMITED (REGISTERED NUMBER: 05710363) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2020 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors | ( |
) |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2019 | ( |
) |
| Investment Revaluation | (21,545 | ) |
| At 31 March 2020 | ( |
) |