IRIS Accounts Production v23.3.1.45 11360591 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 true false true true false false true true true false 0 0 Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113605912022-03-31113605912023-03-31113605912022-04-012023-03-31113605912021-03-31113605912021-04-012022-03-31113605912022-03-3111360591ns10:Originalns15:EnglandWales2022-04-012023-03-3111360591ns14:PoundSterlingns10:Original2022-04-012023-03-3111360591ns10:Originalns10:Director12022-04-012023-03-3111360591ns10:Original2022-04-012023-03-3111360591ns10:Original2023-03-3111360591ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111360591ns10:Originalns10:FRS1022022-04-012023-03-3111360591ns10:Originalns10:Audited2022-04-012023-03-3111360591ns10:Originalns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-04-012023-03-3111360591ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111360591ns10:Originalns10:FullAccounts2022-04-012023-03-3111360591ns10:Original2021-04-012022-03-3111360591ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3111360591ns10:Originalns10:Director22022-04-012023-03-3111360591ns10:CompanySecretary1ns10:Original2022-04-012023-03-3111360591ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111360591ns10:Original2022-03-3111360591ns10:Originalns5:CurrentFinancialInstruments2023-03-3111360591ns10:Originalns5:CurrentFinancialInstruments2022-03-3111360591ns5:ShareCapitalns10:Original2023-03-3111360591ns5:ShareCapitalns10:Original2022-03-3111360591ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111360591ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111360591ns5:ShareCapitalns10:Original2021-03-3111360591ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-03-3111360591ns10:Original2021-03-3111360591ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-04-012022-03-3111360591ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3111360591ns10:Originalns10:OrdinaryShareClass12021-04-012022-03-3111360591ns10:Originalns5:CostValuation2022-03-3111360591ns10:Originalns5:Subsidiary12022-04-012023-03-3111360591ns10:Originalns5:Subsidiary112022-04-012023-03-3111360591ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111360591ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3111360591ns10:Originalns10:OrdinaryShareClass12023-03-3111360591ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31
REGISTERED NUMBER: 11360591 (England and Wales)












REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FILETURN TOPCO LIMITED

FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Statement of Comprehensive Income 7

Statement of Financial Position 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


FILETURN TOPCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J W Cunningham
N A Johnson





SECRETARY: N A Johnson





REGISTERED OFFICE: Suite 6
Fileturn House
Brighton Road
Redhill
Surrey
RH1 6QZ





REGISTERED NUMBER: 11360591 (England and Wales)





AUDITORS: The Paris Partnership LLP
Chartered Accountants and
Statutory Auditors
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW

FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023


The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a holding company.

DIVIDENDS
An interim dividend of 2.1640p per share was paid during the year.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

J W Cunningham
N A Johnson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The company was a holding company. The company was a parent company of Fileturn Limited. Fileturn Limited is now a member of a group alongside Fileturn Topco Limited with the new parent company called Fileturn Group Limited.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, The Paris Partnership LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





N A Johnson - Director


2 February 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FILETURN TOPCO LIMITED


Opinion
We have audited the financial statements of Fileturn Topco Limited (the 'company') for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FILETURN TOPCO LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory requirements applicable to the
company and considered that the most significant are the Companies Act 2006, UK financial
reporting standards. as issued by the Financial Reporting Council, and UK taxation legislation.

- We obtained an understanding of how the company complies with these requirements by
discussions with management and those charged with governance.

- We assessed the risk of material misstatement of the financial statements, including the risk of
material misstatement due to fraud and how it might occur, by holding discussions with
management and those charged with governance.

- We inquired of management and those charged with governance as to any known instances
of non-compliance or suspected non-compliance with laws and regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FILETURN TOPCO LIMITED


- Based on this understanding, we designed specific appropriate audit procedures to identify
instances of non-compliance with laws and regulations. This included making enquiries of
management and those charged with governance and obtaining additional corroborative
evidence as required.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain
professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error,design and perform audit procedures responsive to those risks, and
obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecting a material misstatement resulting from fraud is higher than for
one resulting from error, as fraud may involve collusion, forgery, intentional
omissions,misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purposes of
expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the company's ability
to continue as a going concern. If we conclude that a material uncertainty exists we are
required to draw attention in our auditor's report to the related disclosures in the financial
statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions
are based on the audit evidence obtained up to the date of our auditor's report. However,
future events or conditions may cause the company to cease to continue as a
going-concern.

- Evaluate the overall presentation, structure and content of the financial statements, including
the disclosures, and whether the financial statements represent the underlying transactions
and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FILETURN TOPCO LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Lee Paris (Senior Statutory Auditor)
for and on behalf of The Paris Partnership LLP
Chartered Accountants and
Statutory Auditors
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW

2 February 2024

FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER - -

Administrative expenses 170 (85 )
170 (85 )

Other operating income - 600
OPERATING PROFIT 170 515

Income from fixed asset investments 5 24,000 45,900
PROFIT BEFORE TAXATION 24,170 46,415

Tax on profit 6 (34 ) (76 )
PROFIT FOR THE FINANCIAL YEAR 24,136 46,339

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

24,136

46,339

FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 8 924,266 924,266

CURRENT ASSETS
Debtors 9 24,100 600
Cash at bank 284 390
24,384 990
CREDITORS
Amounts falling due within one year 10 (20,124 ) (866 )
NET CURRENT ASSETS 4,260 124
TOTAL ASSETS LESS CURRENT
LIABILITIES

928,526

924,390

CAPITAL AND RESERVES
Called up share capital 11 924,267 924,267
Retained earnings 12 4,259 123
SHAREHOLDERS' FUNDS 928,526 924,390

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:





N A Johnson - Director


FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2021 924,267 (316 ) 923,951

Changes in equity
Dividends - (45,900 ) (45,900 )
Total comprehensive income - 46,339 46,339
Balance at 31 March 2022 924,267 123 924,390

Changes in equity
Dividends - (20,000 ) (20,000 )
Total comprehensive income - 24,136 24,136
Balance at 31 March 2023 924,267 4,259 928,526

FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. COMPANY INFORMATION

The entity is a Limited Company incorporated in the United Kingdom. Its principal place of business is Fileturn House, Brighton Road, Redhill, Surrey, United Kingdom, RH1 6QZ.

2. STATUTORY INFORMATION

Fileturn Topco 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 (£).


3. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirement of paragraph 33.7.

Preparation of consolidated financial statements
The financial statements contain information about Fileturn Topco Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Fileturn Group Limited, Russell House, 140 High Street, Edgware, Middlesex, England, HA8 7LW.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.


FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors
Short term debtors are measured at transaction price less any impairments. Loans receivable are initially measured at fair value, net of transaction costs and where material are measured subsequently at amortised costs using the effective interest method , less any impairment.

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

Taxation
Current tax is recognised for the amount of Corporation tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised as a liability or an asset if transactions or events that give the company the obligation to pay more tax in future or a right to pay less tax in future have occurred by the Balance sheet date,

Fixed asset investments
Investments comprise investments in unquoted equity instruments measured at cost less any impairment.

Revenue Recognition
Turnover represents the amounts receivable for the provision of financial services.

Revenue is measured at the fair value of the consideration received or receivable net of sales tax, trade discounts and customer credits.

Financial Instruments
The company has elected to apply the provisions of Section 11 ' Basic Financial Instruments' and ' Section 12 ' Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and where material the changes in fair value are recognised in the Statement of Total Comprehensive Income, except that investments in equity instruments that are not publicly traded and whose fair value cannot be measured reliably are measured at cost less impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets
Financial assets , other than those held at fair value are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from group undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

4. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2023 nor for the year ended 31 March 2022.

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

2023 2022
£    £   
Directors' remuneration - -

FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INCOME FROM FIXED ASSET INVESTMENTS
2023 2022
£    £   
Dividends 24,000 45,900

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 34 76
Tax on profit 34 76

UK corporation tax has been charged at 19% (2022 - 19%).

7. DIVIDENDS
2023 2022
£    £   
Ordinary shares shares of 1 each
Final 20,000 45,900

8. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2022
and 31 March 2023 924,266
NET BOOK VALUE
At 31 March 2023 924,266
At 31 March 2022 924,266

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Fileturn Limited
Registered office: Fileturn House, Brighton Road, Redhill, Surrey, England, RH1 6QZ
Nature of business: Interior fit-out contractor
%
Class of shares: holding
Ordinary 85.00

FILETURN TOPCO LIMITED (REGISTERED NUMBER: 11360591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 21,500 -
Other debtors 2,600 600
24,100 600

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 20,000 700
Tax 34 76
Other creditors 60 60
Accrued expenses 30 30
20,124 866

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
924,267 Ordinary shares 1 924,267 924,267

12. RESERVES
Retained
earnings
£   

At 1 April 2022 123
Profit for the year 24,136
Dividends (20,000 )
At 31 March 2023 4,259

13. ULTIMATE CONTROLLING PARTY

The company became a wholly owned subsidiary of Fileturn Group Limited on 26 October 2021, which produces group accounts incorporating the results of Fileturn Topco Limited.

Copies of the consolidated accounts of Fileturn Group Limited are publicly available and can be obtained from the company's registered office, Fileturn House, Brighton Road, Redhill, Surrey, England, RH1 6QZ.

The ultimate controlling party is Fileturn Group Limited by virtue of holding 100% shares of Fileturn Topco Limited.