2022-06-012023-05-312023-05-31false13378505FEG GLOBAL 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FEG GLOBAL LTD

Registered Number
13378505
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

FEG GLOBAL LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

WILLIAMS, Christopher John

Registered Address

5 Bede House
Tower Road
Washington
NE37 2SH

Registered Number

13378505 (England and Wales)
FEG GLOBAL LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors65,5382,174
Current asset investments100100
Cash at bank and on hand117321
5,7552,595
Creditors amounts falling due within one year7(5,609)(3,040)
Net current assets (liabilities)146(445)
Total assets less current liabilities146(445)
Net assets146(445)
Capital and reserves
Called up share capital100100
Profit and loss account46(545)
Shareholders' funds146(445)
The financial statements were approved and authorised for issue by the Director on 12 January 2024, and are signed on its behalf by:
WILLIAMS, Christopher John
Director
Registered Company No. 13378505
FEG GLOBAL LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Principal activities
The company's principal activity during the year continued to be a holding company.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
5.Employee information

20232022
Average number of employees during the year11
6.Debtors

2023

2022

££
Amounts owed by group undertakings4,4382,174
Prepayments and accrued income1,100-
Total5,5382,174
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Amounts owed to related parties5,0202,500
Accrued liabilities and deferred income589540
Total5,6093,040
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.