Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30No description of principal activity2022-07-01false34falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11054799 2022-07-01 2023-06-30 11054799 2021-07-01 2022-06-30 11054799 2023-06-30 11054799 2022-06-30 11054799 c:Director2 2022-07-01 2023-06-30 11054799 d:ComputerEquipment 2022-07-01 2023-06-30 11054799 d:ComputerEquipment 2023-06-30 11054799 d:ComputerEquipment 2022-06-30 11054799 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 11054799 d:CurrentFinancialInstruments 2023-06-30 11054799 d:CurrentFinancialInstruments 2022-06-30 11054799 d:Non-currentFinancialInstruments 2023-06-30 11054799 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11054799 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 11054799 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11054799 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 11054799 d:ShareCapital 2023-06-30 11054799 d:ShareCapital 2022-06-30 11054799 d:RetainedEarningsAccumulatedLosses 2023-06-30 11054799 d:RetainedEarningsAccumulatedLosses 2022-06-30 11054799 c:FRS102 2022-07-01 2023-06-30 11054799 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11054799 c:FullAccounts 2022-07-01 2023-06-30 11054799 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11054799 2 2022-07-01 2023-06-30 11054799 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 11054799









FFT HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
FFT HOLDINGS LIMITED
REGISTERED NUMBER: 11054799

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
364,770
364,770

  
364,770
364,770

Current assets
  

Debtors: amounts falling due within one year
 6 
111,783
101,957

Cash at bank and in hand
 7 
2,412
10,788

  
114,195
112,745

Creditors: amounts falling due within one year
 8 
(302,708)
(298,523)

Net current liabilities
  
 
 
(188,513)
 
 
(185,778)

Total assets less current liabilities
  
176,257
178,992

Creditors: amounts falling due after more than one year
 9 
(24,167)
(34,167)

  

Net assets
  
152,090
144,825


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
142,090
134,825

  
152,090
144,825


Page 1

 
FFT HOLDINGS LIMITED
REGISTERED NUMBER: 11054799
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 period 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: 

A Martin
Director

Date: 15 November 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

FFT Holdings Limited is a company incorporated in the United Kingdom under the Companies Act. The company is a private company limited by shares and is registered in England and Wales. The company's registered number is 11054799. The address of the registered office is 1 The Green, Richmond, Surrey, TW9 1PL.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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.

 
2.9

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.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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 period was 3 (2022 - 4).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,819



At 30 June 2023

1,819



Depreciation


Charge for the period on owned assets
1,819



At 30 June 2023

1,819



Net book value



At 30 June 2023
-



At 30 June 2022
-

Page 5

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
364,770



At 30 June 2023
364,770




Page 6

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
11,539
18,917

Amounts owed by group undertakings
92,008
82,943

Other debtors
8,236
97

111,783
101,957



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,412
10,788

2,412
10,788



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
758
6,868

Amounts owed to group undertakings
270,134
269,529

Corporation tax
-
7,205

Other taxation and social security
9,685
2,775

Other creditors
10,131
146

Accruals and deferred income
2,000
2,000

302,708
298,523


Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and
are repayable on demand.

Page 7

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

9.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
24,167

24,167


In addition to the loan above, a security is held by the bank in the form of a cross guarantee and debenture between FFT Holdings Limited and its subsidiary companies Food for Thought (Guildford) Limited, Food for Thought (Kingston) Limited and Food for Thought (Kew) Limited.

 
Page 8