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REGISTERED NUMBER: 02102893 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2023

for

FPC Financial Services Limited

FPC Financial Services Limited (Registered number: 02102893)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FPC Financial Services Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr D C Bowler





REGISTERED OFFICE: 88 Greendale Road
Port Sunlight
Wirral
Merseyside
CH62 4XD





REGISTERED NUMBER: 02102893 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

FPC Financial Services Limited (Registered number: 02102893)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 202,295 202,495
Investments 5 886,607 687,538
Investment property 6 437,868 430,533
1,526,770 1,320,566

CURRENT ASSETS
Debtors 7 2,092,109 1,814,491
Cash at bank and in hand 162,698 365,790
2,254,807 2,180,281
CREDITORS
Amounts falling due within one year 8 455,953 408,985
NET CURRENT ASSETS 1,798,854 1,771,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,325,624

3,091,862

CREDITORS
Amounts falling due after more than one
year

9

63,597

93,000
NET ASSETS 3,262,027 2,998,862

CAPITAL AND RESERVES
Called up share capital 10 1,050 1,050
Retained earnings 3,260,977 2,997,812
SHAREHOLDERS' FUNDS 3,262,027 2,998,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FPC Financial Services Limited (Registered number: 02102893)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





Mr D C Bowler - Director


FPC Financial Services Limited (Registered number: 02102893)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

FPC Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

FPC Financial Services Limited (Registered number: 02102893)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 200,500 35,957 14,856 251,313
Additions - - 604 604
At 31 May 2023 200,500 35,957 15,460 251,917
DEPRECIATION
At 1 June 2022 - 35,541 13,277 48,818
Charge for year - 83 721 804
At 31 May 2023 - 35,624 13,998 49,622
NET BOOK VALUE
At 31 May 2023 200,500 333 1,462 202,295
At 31 May 2022 200,500 416 1,579 202,495

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022 687,538
Additions 221,007
Disposals (21,938 )
At 31 May 2023 886,607
NET BOOK VALUE
At 31 May 2023 886,607
At 31 May 2022 687,538

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 430,533
Additions 7,335
At 31 May 2023 437,868
NET BOOK VALUE
At 31 May 2023 437,868
At 31 May 2022 430,533

FPC Financial Services Limited (Registered number: 02102893)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 20,003 6,127
Amounts owed by group undertakings 6,000 6,390
Other debtors 2,066,106 1,801,974
2,092,109 1,814,491

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 15,340 -
Trade creditors 1,121 823
Taxation and social security 73,391 91,422
Other creditors 366,101 316,740
455,953 408,985

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 63,597 93,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1,000 Ordinary 1 1,000 1,000
50 Ordinary B £1 50 50
1,050 1,050