FAIRMILE PROPERTY LETTINGS LTD - Accounts

FAIRMILE PROPERTY LETTINGS LTD - Accounts

FAIRMILE PROPERTY LETTINGS LTD - Company Information

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Registered Number: 12510421
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 September 2022

for

FAIRMILE PROPERTY LETTINGS LTD

FAIRMILE PROPERTY LETTINGS LTD
Contents Page
For the year ended 30 September 2022
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 1,532,552    1,006,093 
1,532,552    1,006,093 
Current assets      
Cash at bank and in hand (55)   12,763 
Creditors: amount falling due within one year (1,175,687)   (617,485)
Net current liabilities (1,175,742)   (604,722)
 
Total assets less current liabilities 356,810    401,371 
Creditors: amount falling due after more than one year (455,760)   (455,760)
Net liabilities (98,950)   (54,389)
 

Capital and reserves 		     
Called up share capital 4 1    1 
Profit and loss account (98,951)   (54,390)
Shareholder's funds (98,950)   (54,389)
 


For the year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 June 2023 and were signed on its behalf by:


-------------------------------
Anthony Sutton
Director
1
General Information
FAIRMILE PROPERTY LETTINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 12510421, registration address Ridge House , Chapel Lane, Curdridge , Southampton, SO32 2BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings nil Straight Line
Improvements to property nil Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2021 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Improvements to property   Total
  £   £   £
At 01 October 2021 800,500    205,593    1,006,093 
Additions -    526,459    526,459 
Disposals -    -    - 
At 30 September 2022 800,500    732,052    1,532,552 
Depreciation
At 01 October 2021 -    -    - 
Charge for year -    -    - 
On disposals -    -    - 
At 30 September 2022 -    -    - 
Net book values
Closing balance as at 30 September 2022 800,500    732,052    1,532,552 
Opening balance as at 01 October 2021 800,500    205,593    1,006,093 


4.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
100 Class A shares of £0.01 each 1    1 
1    1 

2