Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-04-012No description of principal activity2true 09794495 2022-04-01 2023-03-31 09794495 2021-04-01 2022-03-31 09794495 2023-03-31 09794495 2022-03-31 09794495 c:Director1 2022-04-01 2023-03-31 09794495 d:CurrentFinancialInstruments 2023-03-31 09794495 d:CurrentFinancialInstruments 2022-03-31 09794495 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09794495 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09794495 d:ShareCapital 2023-03-31 09794495 d:ShareCapital 2022-03-31 09794495 d:RetainedEarningsAccumulatedLosses 2023-03-31 09794495 d:RetainedEarningsAccumulatedLosses 2022-03-31 09794495 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09794495 c:OrdinaryShareClass1 2023-03-31 09794495 c:OrdinaryShareClass1 2022-03-31 09794495 c:FRS102 2022-04-01 2023-03-31 09794495 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09794495 c:FullAccounts 2022-04-01 2023-03-31 09794495 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09794495 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09794495









FPC (NO.88) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
FPC (NO.88) LIMITED
REGISTERED NUMBER: 09794495

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
100
11,136

  
100
11,136

Current assets
  

Debtors: amounts falling due within one year
 6 
3,189
22,684

  
3,189
22,684

Creditors: amounts falling due within one year
 7 
(3,189)
(22,783)

Net current assets/(liabilities)
  
 
 
-
 
 
(99)

Total assets less current liabilities
  
100
11,037

  

Net assets
  
100
11,037


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
-
10,937

  
100
11,037


Page 1

 
FPC (NO.88) LIMITED
REGISTERED NUMBER: 09794495
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 statement of comprehensive income 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: 




B Lansman
Director

Date: 17 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FPC (NO.88) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

FPC (No.88) Limited is a private company limited by shares and incorporated in England and Wales (registered number: 09794495). 
The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH, and the principal place of business address is 14-16 Great Pulteney Street, London, W1F 9ND.
The principal activity of the company continued to be that of an investment company.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FPC (NO.88) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

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.

 
2.7

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

In the application of the Company's accounting policies, which are described in note 2, management is required to make judgments, estimates and assumptions about the carrying values of assets and the liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
 
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revisions affect only that period, or in the period of the revisions and future periods if the revision affects both current and future periods.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
FPC (NO.88) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
11,136


Revaluations
(11,036)



At 31 March 2023
100





6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
3,189
22,684

3,189
22,684



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
7,588

Corporation tax
3,189
29

Accruals and deferred income
-
15,166

3,189
22,783



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 5

 
FPC (NO.88) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Related party transactions

Included within debtors is £3,189 (2022: £22,684) due from related parties.
Included within creditors is £Nil (2022: £7,588) due to related parties.


10.


Controlling party

The immediate and ultimate parent entity is FPC Income & Growth PLC, a public company limited by shares and incorporated in England and Wales (registered number: 11494690). The registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH.

 
Page 6