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COMPANY REGISTRATION NUMBER: 13563784
FINANCIAL FRAMEWORK GROUP HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
FINANCIAL FRAMEWORK GROUP HOLDINGS LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 1 SEPTEMBER 2022 TO 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
FINANCIAL FRAMEWORK GROUP HOLDINGS LIMITED
BALANCE SHEET
31 March 2023
31 Mar 23
31 Aug 22
Note
£
£
Fixed assets
Investments
4
4,100
Current assets
Debtors
5
1
1
Cash at bank and in hand
235,994
------------
------------
235,995
1
Creditors: amounts falling due within one year
6
( 236,800)
------------
------------
Net current (liabilities)/assets
( 805)
1
------------
------------
Total assets less current liabilities
3,295
1
------------
------------
Net assets
3,295
1
------------
------------
Capital and reserves
Called up share capital
7
4,101
1
Profit and loss account
( 806)
------------
------------
Shareholders funds
3,295
1
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 March 2024 , and are signed on behalf of the board by:
S S Jones
Director
Company registration number: 13563784
FINANCIAL FRAMEWORK GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 SEPTEMBER 2022 TO 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Investments in group undertakings
£
Cost
At 1 September 2022
Additions
4,100
------------
At 31 March 2023
4,100
------------
Impairment
At 1 September 2022 and 31 March 2023
------------
Carrying amount
At 31 March 2023
4,100
------------
At 31 August 2022
------------
The company owns the whole of the issued share capital of both Adon Financial Planning Limited and Financial Framework Wealth & Estate Planning Limited.
5. Debtors
31 Mar 23
31 Aug 22
£
£
Called up share capital not paid
1
1
------------
------------
6. Creditors: amounts falling due within one year
31 Mar 23
31 Aug 22
£
£
Amounts owed to group undertakings
235,000
Accruals and deferred income
1,800
------------
------------
236,800
------------
------------
7. Called up share capital
Issued, called up and fully paid
31 Mar 23
31 Aug 22
No.
£
No.
£
Ordinary shares of £ 1 each
4,101
4,101
1
1
------------
------------
------------
------------
During the period the company issued 4,100 ordinary shares of £1 each fully paid at par.
8. Control
The company is controlled by S S Jones .