Silverfin false 31/03/2023 01/04/2022 31/03/2023 G L Willingham 08/04/2021 13 November 2023 The principal activity of the Company during the financial period was that of a holding company. 13320426 2023-03-31 13320426 bus:Director1 2023-03-31 13320426 2022-03-31 13320426 core:CurrentFinancialInstruments 2023-03-31 13320426 core:CurrentFinancialInstruments 2022-03-31 13320426 core:ShareCapital 2023-03-31 13320426 core:ShareCapital 2022-03-31 13320426 core:RetainedEarningsAccumulatedLosses 2023-03-31 13320426 core:RetainedEarningsAccumulatedLosses 2022-03-31 13320426 core:CostValuation 2022-03-31 13320426 core:CostValuation 2023-03-31 13320426 2022-04-01 2023-03-31 13320426 bus:FullAccounts 2022-04-01 2023-03-31 13320426 bus:SmallEntities 2022-04-01 2023-03-31 13320426 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13320426 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13320426 bus:Director1 2022-04-01 2023-03-31 13320426 2021-04-08 2022-03-31 13320426 core:Subsidiary1 2022-04-01 2023-03-31 13320426 core:Subsidiary1 1 2022-04-01 2023-03-31 13320426 core:Subsidiary1 1 2021-04-08 2022-03-31 13320426 core:Subsidiary2 2022-04-01 2023-03-31 13320426 core:Subsidiary2 1 2022-04-01 2023-03-31 13320426 core:Subsidiary2 1 2021-04-08 2022-03-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 13320426 (England and Wales)

FCUP HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

FCUP HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

FCUP HOLDINGS LTD

BALANCE SHEET

As at 31 March 2023
FCUP HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 31.03.2023 31.03.2022
£ £
Fixed assets
Investments 3 110 110
110 110
Current assets
Debtors 4 196,000 198,000
196,000 198,000
Creditors: amounts falling due within one year 5 ( 10) ( 10)
Net current assets 195,990 197,990
Total assets less current liabilities 196,100 198,100
Net assets 196,100 198,100
Capital and reserves
Called-up share capital 100 100
Profit and loss account 196,000 198,000
Total shareholder's funds 196,100 198,100

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of FCUP Holdings Ltd (registered number: 13320426) were approved and authorised for issue by the Director on 13 November 2023. They were signed on its behalf by:

G L Willingham
Director
FCUP HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
FCUP HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

FCUP Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Year ended
31.03.2023
Period from
08.04.2021 to
31.03.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

31.03.2023
£
Cost
At 01 April 2022 110
At 31 March 2023 110
Carrying value at 31 March 2023 110
Carrying value at 31 March 2022 110

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
31.03.2023
Ownership
31.03.2022
FC UP Sports Ltd Towngate House, 2-8 Parkstone road, Poole, Dorset, BH15 2PW Water sports retailer Ordinary 100.00% 100.00%
FCUP Properties Ltd Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW Investment property Ordinary 100.00% 100.00%

4. Debtors

31.03.2023 31.03.2022
£ £
Amounts owed by Group undertakings 196,000 198,000

5. Creditors: amounts falling due within one year

31.03.2023 31.03.2022
£ £
Amounts owed to Group undertakings 10 10