Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01truefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09882846 2022-04-01 2023-03-31 09882846 2021-04-01 2022-03-31 09882846 2023-03-31 09882846 2022-03-31 09882846 c:Director1 2022-04-01 2023-03-31 09882846 d:CurrentFinancialInstruments 2023-03-31 09882846 d:CurrentFinancialInstruments 2022-03-31 09882846 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09882846 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09882846 d:ShareCapital 2023-03-31 09882846 d:ShareCapital 2022-03-31 09882846 d:RetainedEarningsAccumulatedLosses 2023-03-31 09882846 d:RetainedEarningsAccumulatedLosses 2022-03-31 09882846 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09882846 c:OrdinaryShareClass1 2023-03-31 09882846 c:OrdinaryShareClass1 2022-03-31 09882846 c:FRS102 2022-04-01 2023-03-31 09882846 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09882846 c:FullAccounts 2022-04-01 2023-03-31 09882846 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09882846









FPC (ASHFORD) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
FPC (ASHFORD) LIMITED
REGISTERED NUMBER: 09882846

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
-
81,010

Debtors: amounts falling due within one year
 4 
100
7,588

  
100
88,598

Creditors: amounts falling due within one year
 5 
-
(77,462)

Net current assets
  
 
 
100
 
 
11,136

Total assets less current liabilities
  
100
11,136

  

Net assets
  
100
11,136


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
-
11,036

  
100
11,136


Page 1

 
FPC (ASHFORD) LIMITED
REGISTERED NUMBER: 09882846
    
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 5 form part of these financial statements.

Page 2

 
FPC (ASHFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

FPC (Ashford) Limited is a private company limited by shares and incorporated in England and Wales, (registered number: 09882846). 
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 property investment.
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 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.

 
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.

Page 3

 
FPC (ASHFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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.


Employees

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


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
100
7,588

100
7,588


Page 4

 
FPC (ASHFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
4,053

Other creditors
-
72,909

Accruals and deferred income
-
500

-
77,462



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



7.


Related party transactions

Included within debtors is £100 (2022: £7,588) due from related parties.
Included within creditors is £Nil (2022: £Nil) due to related parties.


8.


Controlling party

The immediate parent company is FPC (No88) Ltd (registered number: 09794495), whose registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The ultimate controlling party is FPC Income and Growth PLC (registered number: 11494690), whose registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH
 
Page 5