Fairways Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03580283 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

FAIRWAYS ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

Directors:

S R Gilmour

R G Pagan

Ms E Shalliker

Ms D Soden

R A Stanley

Registered office:

c/o HML Group

94 Park Lane

Croydon

Surrey

CR0 1JB

Registered number:

03580283 (England and Wales)

Accountants:

Haines Watts

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Fixed assets

Tangible assets

4

344,211

344,211

Current assets

Debtors

5

9,496

11,479

Cash at bank and in hand

41,266

35,464

50,762

46,943

Creditors

Amounts falling due within one year

6

3,619

4,947

Net current assets

47,143

41,996

Total assets less current liabilities

391,354

386,207

Capital and reserves

Called up share capital

7

143

143

Share premium

343,704

343,704

Retained earnings

47,507

42,360

Shareholders' funds

391,354

386,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 3 September 2018 and were signed on its behalf by:

S R Gilmour - Director

R A Stanley - Director

1.	Statutory information

Fairways Estates Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life. For freehold property, the depreciation is nil.

Taxation

Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

3.	Employees and directors

The average number of employees during the year was NIL (2016 - NIL).

4.	Tangible fixed assets

Land and

buildings

£

Cost

At 1 January 2017

and 31 December 2017

344,211

Net book value

At 31 December 2017

344,211

At 31 December 2016

344,211

5.

Debtors: amounts falling due within one year

2017

2016

£

£

Other debtors

4,640

11,479

Prepayments and accrued income

4,856

-

9,496

11,479

6.

Creditors: amounts falling due within one year

2017

2016

£

£

Tax

1,227

1,250

Other creditors

1,175

1,174

Accruals and deferred income

1,217

2,523

3,619

4,947

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

60

Ordinary A shares

£1

60

60

81

Ordinary B shares

£1

81

81

2

Ordinary Subscriber shares

£1

2

2

143

143

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Fairways Estates Limited for the year ended 31 December 2017 which comprise the Profit and

Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fairways Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fairways Estates Limited and state those matters that we have agreed to state to the Board of Directors of Fairways Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fairways Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fairways Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fairways Estates Limited. You consider that Fairways Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fairways Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Aissela

46 High Street

Esher

Surrey

KT10 9QY

3 September 2018