Fairton Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10734526 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Fairton Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Lobenstein

M Lobenstein

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

10734526 (England and Wales)

ACCOUNTANTS:

Martin+Heller

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Investment property

4

281,444

136,552

CURRENT ASSETS

Cash at bank

28,566

71,648

CREDITORS

Amounts falling due within one year

5

(1,921

)

3,580

NET CURRENT ASSETS

30,487

68,068

TOTAL ASSETS LESS CURRENT LIABILITIES

311,931

204,620

CREDITORS

Amounts falling due after more than one year

6

253,497

148,456

NET ASSETS

58,434

56,164

CAPITAL AND RESERVES

Called up share capital

7

5

5

Retained earnings

8

58,429

56,159

SHAREHOLDERS' FUNDS

58,434

56,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 28 September 2022 and were signed on its behalf by:

J Lobenstein - Director

1.	STATUTORY INFORMATION

Fairton Ltd 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

136,552

Additions

144,892

At 31 December 2021

281,444

NET BOOK VALUE

At 31 December 2021

281,444

At 31 December 2020

136,552

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

-

(1

)

Tax

240

-

Brolow Property Ltd

(3,181

)

352

Directors' current accounts

-

2,329

Accrued expenses

1,020

900

(1,921

)

3,580

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans - 2-5 years

50,000

50,000

Bank loans more 5 yrs non-inst

203,645

98,750

Brolow Property Loan Account

(148

)

(294

)

253,497

148,456

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

203,645

98,750

7.	CALLED UP SHARE CAPITAL

8.

RESERVES

Retained

earnings

£

At 1 January 2021

56,159

Profit for the year

2,270

At 31 December 2021

58,429