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REGISTERED NUMBER: 05168330 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Faraday Printed Circuits (Holdings) Ltd

Faraday Printed Circuits (Holdings) Ltd (Registered number: 05168330)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Faraday Printed Circuits (Holdings) Ltd

Company Information
for the year ended 31 May 2023







DIRECTOR: J Pearson





SECRETARY: J Pearson





REGISTERED OFFICE: 15-19 Faraday Close
Pattinson Industrial Estate
Washington
Tyne & Wear
NE38 8QJ





REGISTERED NUMBER: 05168330 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Faraday Printed Circuits (Holdings) Ltd (Registered number: 05168330)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,305,324 1,305,324

CURRENT ASSETS
Cash at bank 59 61

CREDITORS
Amounts falling due within one year 5 1,101 1,100
NET CURRENT LIABILITIES (1,042 ) (1,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,304,282

1,304,285

CREDITORS
Amounts falling due after more than one
year

6

654,809

654,809
NET ASSETS 649,473 649,476

CAPITAL AND RESERVES
Called up share capital 8,438 8,438
Share premium 640,974 640,974
Retained earnings 61 64
SHAREHOLDERS' FUNDS 649,473 649,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Faraday Printed Circuits (Holdings) Ltd (Registered number: 05168330)

Statement of Financial Position - continued
31 May 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





J Pearson - Director


Faraday Printed Circuits (Holdings) Ltd (Registered number: 05168330)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Faraday Printed Circuits (Holdings) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Exemption from group accounts.
The financial statements contain information about the company as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 248 of the Companies Act 1985 from the requirement to prepare consolidated financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 1,305,324
NET BOOK VALUE
At 31 May 2023 1,305,324
At 31 May 2022 1,305,324

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,101 1,100

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 654,809 654,809

The loan from the subsidiary company is interest free and has no fixed repayment date.