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REGISTERED NUMBER: 05371977 (England and Wales)








Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Frontline Partners Limited

Frontline Partners Limited (Registered number: 05371977)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frontline Partners Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: R G T Raikes
Mrs J M Raikes





SECRETARY: R G T Raikes





REGISTERED OFFICE: Godwins Farm
Tichborne
Alresford
Hampshire
SO24 0NA





REGISTERED NUMBER: 05371977 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

Frontline Partners Limited (Registered number: 05371977)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 273 3,321
Investments 6 92 92
365 3,413

CURRENT ASSETS
Debtors 7 138,524 160,787
Cash at bank 10,728 23,523
149,252 184,310
CREDITORS
Amounts falling due within one year 8 82,773 109,752
NET CURRENT ASSETS 66,479 74,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,844

77,971

CREDITORS
Amounts falling due after more than one
year

9

16,917

23,917
NET ASSETS 49,927 54,054

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 49,827 53,954
SHAREHOLDERS' FUNDS 49,927 54,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Frontline Partners Limited (Registered number: 05371977)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2024 and were signed on its behalf by:





R G T Raikes - Director


Frontline Partners Limited (Registered number: 05371977)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Frontline Partners 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures & fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

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.

Creditors
Short term creditors are measured at the transaction price.

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

Current or deferred 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.


Frontline Partners Limited (Registered number: 05371977)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 48,000
AMORTISATION
At 1 March 2022
and 28 February 2023 48,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

Frontline Partners Limited (Registered number: 05371977)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Fixtures Motor Computer
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 241 27,654 1,046 28,941
Disposals - (3,660 ) - (3,660 )
At 28 February 2023 241 23,994 1,046 25,281
DEPRECIATION
At 1 March 2022 211 24,909 500 25,620
Charge for year 30 - 273 303
Eliminated on disposal - (915 ) - (915 )
At 28 February 2023 241 23,994 773 25,008
NET BOOK VALUE
At 28 February 2023 - - 273 273
At 28 February 2022 30 2,745 546 3,321

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 92
NET BOOK VALUE
At 28 February 2023 92
At 28 February 2022 92

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 19,785 23,639
Amounts owed by group undertakings 88,188 88,348
Other debtors 30,551 48,800
138,524 160,787

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 29,859 53,219
Taxation and social security 11,069 15,081
Other creditors 34,845 34,452
82,773 109,752

Frontline Partners Limited (Registered number: 05371977)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 16,917 23,917

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 23,917 30,917

The Bank Loan is secured by the UK Government, under the bounce back loan scheme.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The controlling party is R G T Raikes.