Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22truetrue 12725208 2021-01-01 2021-12-31 12725208 2020-07-07 2020-12-31 12725208 2021-12-31 12725208 2020-12-31 12725208 c:Director1 2021-01-01 2021-12-31 12725208 d:CurrentFinancialInstruments 2021-12-31 12725208 d:CurrentFinancialInstruments 2020-12-31 12725208 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12725208 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 12725208 d:ShareCapital 2021-12-31 12725208 d:ShareCapital 2020-12-31 12725208 c:FRS102 2021-01-01 2021-12-31 12725208 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 12725208 c:FullAccounts 2021-01-01 2021-12-31 12725208 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 12725208 2 2021-01-01 2021-12-31 12725208 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 12725208









FIECON GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
FIECON GROUP LIMITED
REGISTERED NUMBER: 12725208

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 5 
138
138

  
138
138

Current assets
  

Debtors: amounts falling due within one year
 6 
2,559,025
-

Cash at bank and in hand
 7 
400
-

  
2,559,425
-

Creditors: amounts falling due within one year
 8 
(2,559,463)
(38)

Net current liabilities
  
 
 
(38)
 
 
(38)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Fisher
Director
Page 1

 
FIECON GROUP LIMITED
REGISTERED NUMBER: 12725208
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021


Date: 18 August 2022

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FIECON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Fiecon Group Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
FIECON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
138



At 31 December 2021
138




Page 4

 
FIECON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors

2021
2020
£
£


Other debtors
2,559,025
-

2,559,025
-



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
400
-

400
-



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Amounts owed to group undertakings
2,559,463
38

2,559,463
38



9.


Related party transactions

In creditors there is an amount of £2,559,463 (2020: £38) owed to Fiecon Ltd and Fiecon Inc, which are subsidiary companies. This is repayable on demand.

 
Page 5