Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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Investments | 4 |
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718,750 | 2,365,986 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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232,169 | 267,766 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 112,399 | 229,898 | ||
Total assets less current liabilities | 831,149 | 2,595,884 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account | (
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of FCG Holdings Ltd (registered number:
E J Tyler
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
FCG 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 Loxley House, 21 Coker Road, Weston-Super-Mare, BS22 6BX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.
As it is intended to close down the company, the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Investments in subsidiaries are measured at cost less accumulated impairment
Land and buildings |
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Leasehold improvements |
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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.
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.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Leasehold improve- ments |
Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 April 2022 |
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At 31 March 2023 |
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Accumulated depreciation | |||||
At 01 April 2022 |
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Charge for the financial year |
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At 31 March 2023 |
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Net book value | |||||
At 31 March 2023 |
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At 31 March 2022 |
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Investments in subsidiaries
2023 | |
£ | |
Cost | |
At 01 April 2022 |
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At 31 March 2023 |
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Provisions for impairment | |
At 01 April 2022 |
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Impairment |
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At 31 March 2023 |
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Carrying value at 31 March 2023 |
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Carrying value at 31 March 2022 |
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Investments in shares
Name of entity | Registered office | Nature of business | Class of shares |
Ownership 31.03.2023 |
Ownership 31.03.2022 |
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Loxley House, 21 Coker Road, BS22 6BX | Insurance brokerage |
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Loxley House, 21 Coker Road, BS22 6BX | Administration services |
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Loxley House, 21 Coker Road, BS22 6BX | Dormant |
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Loxley House, 21 Coker Road, BS22 6BX | Dormant |
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Loxley House, 21 Coker Road, BS22 6BX | Dormant |
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2023 | 2022 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Amounts owed by directors |
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2023 | 2022 | ||
£ | £ | ||
Amounts owed to Group undertakings |
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Accruals |
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Corporation tax |
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Other creditors |
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2023 | 2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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2,020,100 | 2,020,100 |
Transactions with entities in which the entity itself has a participating interest
The company has taken advantage of the exemption contained within FRS 102 (section 33.1A) from disclosing transactions with wholly owned group companies.
Transactions with the entity's directors
2023 | 2022 | ||
£ | £ | ||
Owed to/(by) the directors | 32,875 | 41,619 |
Interest is charged on overdrawn balances above £10,000 and all balances are repayable on demand.