Fairlawn Freeholders Limited - Period Ending 2021-11-30

Fairlawn Freeholders Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Fairlawn Freeholders Limited

(Registration number: 01502289)
Balance Sheet as at 30 November 2021

	Note	2021 £	2020 £
Current assets
Debtors	4	489	489
Cash at bank and in hand		7,691	8,742
		8,180	9,231
Creditors: Amounts falling due within one year	5	(600)	(600)
Total assets less current liabilities		7,580	8,631
Provisions for liabilities	6	(7,480)	(8,531)
Net assets		100	100
Capital and reserves
Called up share capital		100	100
Total equity		100	100

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income and Expenditure Account has been taken.

Approved and authorised by the Board on 25 January 2022 and signed on its behalf by:
 

......................................... Mrs Sharmita Saha Stokes Company secretary and director

Fairlawn Freeholders Limited

Notes to the Financial Statements for the Year Ended 30 November 2021

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:
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
United Kingdom

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 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises service charges receivable during the year.

Provisions

Excess of income over expenditure on the Income and Expenditure Account is transferred to the Dilapidation Provision in the Balance Sheet to provide for the cost of future repairs and maintenance expenses.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2020 - 0).

4

Debtors

	2021 £	2020 £
Prepayments	489	489
	489	489

Fairlawn Freeholders Limited

Notes to the Financial Statements for the Year Ended 30 November 2021

5

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Other creditors	600	600

6	Dilapidation Provision

	Other provisions £	Total £
At 1 December 2020	8,531	8,531
Provisions used	(1,051)	(1,051)
At 30 November 2021	7,480	7,480