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REGISTERED NUMBER: 03448335 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

FOSTER & CRANFIELD LIMITED

FOSTER & CRANFIELD LIMITED (REGISTERED NUMBER: 03448335)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOSTER & CRANFIELD LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R J Lawrence





SECRETARY: R J Lawrence





REGISTERED OFFICE: Suite 25, The Mallings
112 Malling Street
Lewes
East Sussex
BN7 2RG





REGISTERED NUMBER: 03448335 (England and Wales)

FOSTER & CRANFIELD LIMITED (REGISTERED NUMBER: 03448335)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 2,507 2,507
Cash at bank 149,455 152,863
151,962 155,370
CREDITORS
Amounts falling due within one year 6 - 3,480
NET CURRENT ASSETS 151,962 151,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,962

151,890

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 131,962 131,890
SHAREHOLDERS' FUNDS 151,962 151,890

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 director and authorised for issue on 10 April 2024 and were signed by:





R J Lawrence - Director


FOSTER & CRANFIELD LIMITED (REGISTERED NUMBER: 03448335)

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


1. STATUTORY INFORMATION

Foster & Cranfield 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The director has considered the risk of estimation uncertainty causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, and consider there to be no significant accounting estimates and assumptions.

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

Turnover represents commission receivable on life policies auctioned and valuations carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on cost
Computer equipment - 33% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

FOSTER & CRANFIELD LIMITED (REGISTERED NUMBER: 03448335)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,713 517 3,230
DEPRECIATION
At 1 January 2023
and 31 December 2023 2,713 517 3,230
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 7 7
Prepayments and accrued income 2,500 2,500
2,507 2,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income - 3,480

7. ULTIMATE CONTROLLING PARTY

The controlling party is FAC Holdings Limited.

The ultimate controlling party is R J Lawrence.