Abbreviated Company Accounts - FAIRHOME LIMITED

Registered Number 00736829

FAIRHOME LIMITED

Abbreviated Accounts

31 March 2015

FAIRHOME LIMITED Registered Number 00736829

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	721	1,040
		721	1,040
Current assets
Stocks		1,342,085	1,342,085
Debtors		11,667	106,205
Cash at bank and in hand		28,458	55,964
		1,382,210	1,504,254
Creditors: amounts falling due within one year		(78,144)	(137,664)
Net current assets (liabilities)		1,304,066	1,366,590
Total assets less current liabilities		1,304,787	1,367,630
Creditors: amounts falling due after more than one year		(611,913)	(626,966)
Provisions for liabilities		(103)	(142)
Total net assets (liabilities)		692,771	740,522
Capital and reserves
Called up share capital		14,800	14,800
Other reserves		5,200	5,200
Profit and loss account		672,771	720,522
Shareholders' funds		692,771	740,522

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 December 2015

And signed on their behalf by:
C.J. Short, Director

FAIRHOME LIMITED Registered Number 00736829

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life -
Short Leaseholds - over period of lease
Office Equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	42,436
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	42,436
Depreciation
At 1 April 2014	41,396
Charge for the year	319
On disposals	-
At 31 March 2015	41,715
Net book values
At 31 March 2015	721
At 31 March 2014	1,040