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Company No: 12097328 (England and Wales)

FILLANTHROPIC CONSULTING LIMITED

Abridged Unaudited Financial Statements
For the financial year ended 31 July 2023

FILLANTHROPIC CONSULTING LIMITED

Abridged Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

FILLANTHROPIC CONSULTING LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2023
FILLANTHROPIC CONSULTING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2023
DIRECTOR Elspeth Caroline Margaret Gilfillan
REGISTERED OFFICE Wheatsheaf Farm
Moor Monkton
York
YO26 8JA
England
United Kingdom
COMPANY NUMBER 12097328 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
FILLANTHROPIC CONSULTING LIMITED

BALANCE SHEET

As at 31 July 2023
FILLANTHROPIC CONSULTING LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
2023 2022
£ £
Current assets
Debtors 1,920 5,354
Cash at bank and in hand 19,204 17,389
21,124 22,743
Creditors: amounts falling due within one year ( 19,813) ( 22,061)
Net current assets 1,311 682
Total assets less current liabilities 1,311 682
Net assets 1,311 682
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 1,310 681
Total shareholder's funds 1,311 682

For the financial year ending 31 July 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 Fillanthropic Consulting Limited (registered number: 12097328) were approved and authorised for issue by the Director on 14 November 2023. They were signed on its behalf by:

Elspeth Caroline Margaret Gilfillan
Director
FILLANTHROPIC CONSULTING LIMITED

STATEMENT OF CHANGES IN EQUITY

For the financial year ended 31 July 2023
FILLANTHROPIC CONSULTING LIMITED

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 31 July 2023
Called-up share capital Profit and loss account Total
£ £ £
At 01 August 2021 0 633 633
Profit for the financial year 0 16,048 16,048
Total comprehensive income 0 16,048 16,048
Issue of share capital 1 0 1
Dividends paid on equity shares 0 ( 16,000) ( 16,000)
At 31 July 2022 1 681 682
At 01 August 2022 1 681 682
Profit for the financial year 0 16,630 16,630
Total comprehensive income 0 16,630 16,630
Dividends paid on equity shares 0 ( 16,000) ( 16,000)
At 31 July 2023 1 1,310 1,311
FILLANTHROPIC CONSULTING LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
FILLANTHROPIC CONSULTING LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 July 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 year, unless otherwise stated.

General information and basis of accounting

Fillanthropic Consulting Limited (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 Wheatsheaf Farm, Moor Monkton, York, YO26 8JA, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tangible assets

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 Profit and Loss Account as described below.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tax on profit

2023 2022
£ £
Current tax on profit
UK corporation tax 3,901 3,811
Total current tax 3,901 3,811
Total tax on profit 3,901 3,811

On 17 March 2020, the Provisional Collection of Taxes Act was used to substantively enact a 19% tax rate and accordingly, the deferred tax balances were re-calculated from 17% to 19% at 31 July 2022.

The March 2021 Budget announced a further increase to the main rate of corporation tax to 25% from April 2023 as well as introducing a small profits rate of 19%. These rates were substantively enacted via the Finance Bill 2021 on 24 May 2021.

At the Balance Sheet date, it was estimated that the Company’s future profits will be applicable to the small profits rate and therefore deferred tax balances as at 31 July 2023 continue to be measured at 19%.

Tax reconciliation

The tax assessed for the year is higher than (2022: higher than) the standard rate of corporation tax in the UK:

2023 2022
£ £
Profit before taxation 20,531 19,859
Tax on profit at standard UK corporation tax rate of 0.00% (2022: 0.00%) 0 0
Total tax charge for year 0 0

4. Tangible assets

Total
£
Cost
At 01 August 2022 600
At 31 July 2023 600
Accumulated depreciation
At 01 August 2022 600
At 31 July 2023 600
Net book value
At 31 July 2023 0
At 31 July 2022 0

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1