Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312021-10-01falseholding company33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05867956 2021-10-01 2023-03-31 05867956 2020-10-01 2021-09-30 05867956 2023-03-31 05867956 2021-09-30 05867956 c:Director1 2021-10-01 2023-03-31 05867956 d:CurrentFinancialInstruments 2023-03-31 05867956 d:CurrentFinancialInstruments 2021-09-30 05867956 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05867956 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 05867956 d:ShareCapital 2023-03-31 05867956 d:ShareCapital 2021-09-30 05867956 d:SharePremium 2021-10-01 2023-03-31 05867956 d:SharePremium 2023-03-31 05867956 d:SharePremium 2021-09-30 05867956 d:RetainedEarningsAccumulatedLosses 2021-10-01 2023-03-31 05867956 d:RetainedEarningsAccumulatedLosses 2023-03-31 05867956 d:RetainedEarningsAccumulatedLosses 2021-09-30 05867956 c:OrdinaryShareClass1 2021-10-01 2023-03-31 05867956 c:OrdinaryShareClass1 2023-03-31 05867956 c:OrdinaryShareClass1 2021-09-30 05867956 c:FRS102 2021-10-01 2023-03-31 05867956 c:AuditExempt-NoAccountantsReport 2021-10-01 2023-03-31 05867956 c:FullAccounts 2021-10-01 2023-03-31 05867956 c:PrivateLimitedCompanyLtd 2021-10-01 2023-03-31 05867956 6 2021-10-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05867956














FRANDEK HOLDINGS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
FRANDEK HOLDINGS LIMITED
REGISTERED NUMBER:05867956

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2021
Note
£
£

Fixed assets
  

Investments
 4 
135,100
135,100

  
135,100
135,100

Current assets
  

Debtors: amounts falling due within one year
 5 
1,652,519
1,704,651

Cash at bank
 6 
788
1,133

  
1,653,307
1,705,784

Creditors: amounts falling due within one year
 7 
(4,887,480)
(4,940,608)

Net current liabilities
  
 
 
(3,234,173)
 
 
(3,234,824)

Total assets less current liabilities
  
(3,099,073)
(3,099,724)

  

Net liabilities
  
(3,099,073)
(3,099,724)


Capital and reserves
  

Called up share capital 
 8 
200
200

Share premium account
 9 
59,800
59,800

Profit and loss account
 9 
(3,159,073)
(3,159,724)

  
(3,099,073)
(3,099,724)


Page 1

 
FRANDEK HOLDINGS LIMITED
REGISTERED NUMBER:05867956
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 profit and loss account 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: 




M H Tillman
Director

Date: 9 February 2024

Page 2

 
FRANDEK HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Frandek Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 05867956. The registered office address is 18 Bristol Gardens, London, W9 2JQ.

The principal activity of the company continued to be that of a holding company.  
On 20 June 2023, the accounting reference date of the company was extended from 30 September 2022 to 31 March 2023.

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Going concern

On the basis of information and enquiries that are pertinent to the company’s circumstances and which the directors believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular the directors believe that adequate cash resources will be available to cover the company’s requirements for working capital for at least twelve months from the date of signing the financial statements.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the holding company is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss accounts in the same period as the related expenditure. Grants received in respect of the Small Business Rates Relief are included in other income.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
FRANDEK HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

4.


Fixed asset investments








Investments in the subsidiary company

£



Cost


At 1 October 2021
135,100



At 31 March 2023
135,100




Page 4

 
FRANDEK HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

31 March
30 September
2023
2021
£
£


Amounts owed by group undertakings
293,906
327,336

Amounts owed by connected entities
1,340,098
1,289,471

Other debtors
8,000
8,000

Prepayments and accrued income
10,515
79,844

1,652,519
1,704,651



6.


Cash

31 March
30 September
2023
2021
£
£

Cash at bank
788
1,133



7.


Creditors: amounts falling due within one year

31 March
30 September
2023
2021
£
£

Trade creditors
616
35,034

Amounts owed to connected entities
1,071,429
1,016,208

Other creditors
3,812,685
3,816,266

Accruals
2,750
73,100

4,887,480
4,940,608


HSBC Bank PLC holds a floating and fixed charge which contains a negative pledge over the assets of the company in respect of all the amounts due from the company which was satisfied in the period.


8.


Share capital

31 March
30 September
2023
2021
£
£
Allotted, called up and fully paid



200 (2021 - 200) Ordinary shares of £1.00 each
200
200

The shares have attached to them full voting rights.

Page 5

 
FRANDEK HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Reserves

Share premium account

The share premium account is a non-distributable reserve which represents the excess of proceeds received over the nominal value of the shares issued.

Profit and loss account

The profit and loss account is a distributable reserve arising from accumulated profit and losses to date.


10.


Commitments under operating leases

At 31 March 2023, the company had future minimum lease payments under non-cancellable operating leases of £176,000 (2021 - £85,750).
 

11.


Transactions with the director

As at the period end, the company owed £3,812,685 (2021 - £3,812,685) to the director. The loan is secured, interest free and repayable on demand. It is the directors' intention not recall the loan for the foreseeable future until such time that the company is in a position to repay the balance owed. 


12.


Controlling party

The company is under the control of M H Tillman, a director and a majority shareholder of the company.

 
Page 6