Company Registration No. 09034041 (England and Wales)
FROOITION HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
FROOITION HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr P L Molloy
Miss L A Sheils
(Appointed 1 February 2022)
Mr S G W Clarkson
(Appointed 1 February 2022)
Company number
09034041
Registered office
Unit E
Silver End Business Park
Brettell Lane
Brierley Hill
West Midlands
DY5 3LG
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
47 High Street
Dudley
West Midlands
DY1 1PP
FROOITION HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
FROOITION HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FROOITION HOLDINGS LIMITED FOR THE YEAR ENDED 31 JANUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Frooition Holdings Limited for the year ended 31 January 2023 which comprise, the 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Frooition Holdings 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 Frooition Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Frooition Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Frooition Holdings Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Frooition Holdings 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 loss of Frooition Holdings Limited. You consider that Frooition Holdings 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 Frooition Holdings 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.

Ormerod Rutter Limited
26 September 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
FROOITION HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
1
11,426
Current assets
Debtors
4
156,228
156,573
Cash at bank and in hand
2,828
801
159,056
157,374
Creditors: amounts falling due within one year
5
(29,731)
(32,583)
Net current assets
129,325
124,791
Total assets less current liabilities
129,326
136,217
Capital and reserves
Called up share capital
6
1,073
1,073
Share premium account
29,003
29,003
Profit and loss reserves
99,250
106,141
Total equity
129,326
136,217

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 26 September 2023 and are signed on its behalf by:
Mr P L Molloy
Director
Company Registration No. 09034041
FROOITION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Frooition Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit E, Silver End Business Park, Brettell Lane, Brierley Hill, West Midlands, DY5 3LG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 3 (2022 - 1).

3
Fixed asset investments
2023
2022
£
£
Investments
1
11,426
FROOITION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 February 2022
11,426
Disposals
(825)
At 31 January 2023
10,601
Impairment
At 1 February 2022
-
Impairment losses
10,600
At 31 January 2023
10,600
Carrying amount
At 31 January 2023
1
At 31 January 2022
11,426
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
156,228
156,228
Other debtors
-
0
345
156,228
156,573
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
2,016
Amounts owed to group undertakings
-
0
28,518
Taxation and social security
279
-
0
Other creditors
29,452
2,049
29,731
32,583
FROOITION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
90 Ordinary A of £1 each
90
90
769 Ordinary B of £1 each
769
769
227 Ordinary  B of 50p each
114
114
50 Ordinary C of £1 each
50
50
20 Ordinary D of £1 each
20
20
30 Ordinary Deferred of £1 each
30
30
1,073
1,073
7
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8
Ultimate controlling party

The ultimate controlling party is Mr P L Molloy.

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