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Registration number: 03841753

FX Group Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2022

 

FX Group Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

FX Group Limited

Company Information

Directors

Mr Roger Owen Godfrey Evan

Mr Nicholas William Harris

Company secretary

Mr Stuart Robert Daglish

Registered office

38-40 Telford Way
East Acton
London
London
W3 7XS

Accountants

McIntosh Accountants Limited
Chartered Accountants
263A Werrington Road
Bucknall
Stoke-on-Trent
ST2 9AS

 

FX Group Limited

(Registration number: 03841753)
Abridged Balance Sheet as at 30 June 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

4

90,162

90,162

Current assets

 

Cash at bank and in hand

 

325

2,517

Net assets

 

90,487

92,679

Capital and reserves

 

Called up share capital

6

26,000

26,000

Retained earnings

64,487

66,679

Shareholders' funds

 

90,487

92,679

For the financial year ending 30 June 2022 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.

For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary 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.

For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.

 

FX Group Limited

(Registration number: 03841753)
Abridged Balance Sheet as at 30 June 2022

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 Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 7 August 2022 and signed on its behalf by:
 

.........................................
Mr Roger Owen Godfrey Evan
Director

.........................................
Mr Nicholas William Harris
Director

 

FX Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
38-40 Telford Way
East Acton
London
London
W3 7XS
England

These financial statements were authorised for issue by the Board on 7 August 2022.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

FX Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2022

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2021 - 18).

4

Investments

Total
£

Cost or valuation

At 1 July 2021

90,162

Provision

Carrying amount

At 30 June 2022

90,162

At 30 June 2021

90,162

2022
£

2021
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

FX Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2022

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2022

2021

Subsidiary undertakings

FX Rentals Limited

38-40 Telford Way
London
W3 7XS

England

Ordinary

100%

100%

Drumhire Limited

38-40 Telford Way
London
W3 7XS

England

Ordinary

100%

100%

5

Debtors

Debtors includes £Nil (2021 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

26,000

26,000

26,000

26,000