Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue33a financial services holding companyfalse 12494039 2022-08-01 2023-07-31 12494039 2021-08-01 2022-07-31 12494039 2023-07-31 12494039 2022-07-31 12494039 c:Director1 2022-08-01 2023-07-31 12494039 d:CurrentFinancialInstruments 2023-07-31 12494039 d:CurrentFinancialInstruments 2022-07-31 12494039 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12494039 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12494039 d:ShareCapital 2023-07-31 12494039 d:ShareCapital 2022-07-31 12494039 d:RetainedEarningsAccumulatedLosses 2023-07-31 12494039 d:RetainedEarningsAccumulatedLosses 2022-07-31 12494039 c:FRS102 2022-08-01 2023-07-31 12494039 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12494039 c:FullAccounts 2022-08-01 2023-07-31 12494039 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12494039 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 12494039






FALCO GROUP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










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FALCO GROUP LIMITED
REGISTERED NUMBER:12494039

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
61,407
21,407

  
61,407
21,407

Current assets
  

Debtors: amounts falling due within one year
 5 
-
600,468

  
-
600,468

Creditors: amounts falling due within one year
 6 
(6,001)
(606,469)

Net current liabilities
  
 
 
(6,001)
 
 
(6,001)

Total assets less current liabilities
  
55,406
15,406

  

Net assets
  
55,406
15,406


Capital and reserves
  

Called up share capital 
  
15,406
15,406

Profit and loss account
  
40,000
-

  
55,406
15,406


Page 1

 
FALCO GROUP LIMITED
REGISTERED NUMBER:12494039
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 income and retained earnings 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: 



R S Anderson
Director

Date: 31 October 2023

Page 2

 
FALCO GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Falco Group Limited is a private company limited by share capital, incorporated in England and Wales, registration number 12494039. The registered office is 51 Lincolns Inn Fields, London WC2A 3NA.
The principal activity of the company continued to be that of a financial services holding 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.
Turnover represents dividend income receivable from fixed asset investments and is recognised on the earlier of the date of receipt or when approved by the paying company.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

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.

 
2.5

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.

Page 3

 
FALCO GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

 
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 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
21,407


Additions
40,000



At 31 July 2023
61,407




Page 4

 
FALCO GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
600,468

-
600,468



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
6,001
6,001

Other creditors
-
600,468

6,001
606,469


Page 5