FPHL Limited
Unaudited Financial Statements
For the year ended 30 April 2023
Pages for Filing with Registrar
Company Registration No. 06490822 (England and Wales)
FPHL Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
FPHL Limited
Balance Sheet
As at 30 April 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
7,020,001
7,020,001
Current assets
Debtors
4
1
1
Cash at bank and in hand
179
179
180
180
Creditors: amounts falling due within one year
5
(20,236)
(20,236)
Net current liabilities
(20,056)
(20,056)
Net assets
6,999,945
6,999,945
Capital and reserves
Called up share capital
6
7,000,000
7,000,000
Profit and loss reserves
(55)
(55)
Total equity
6,999,945
6,999,945

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 January 2024 and are signed on its behalf by:
K Priest
Director
Company Registration No. 06490822
FPHL Limited
Notes to the Financial Statements
For the year ended 30 April 2023
Page 2
1
Accounting policies
Company information

FPHL Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Middlesex House, 34/42 Cleveland Street, London, W1T 4JE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 

1.3
Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4
Cash and cash equivalents

Cash and cash equivalents include deposits held at call with banks.

1.5
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 of its financial instruments.

 

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

1.6
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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

FPHL Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2023
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
FPHL Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2023
Page 4
3
Fixed asset investments
2023
2022
£
£
Investments
7,020,001
7,020,001
Movements in fixed asset investments
Investments in subsidiaries
£
Cost or valuation
At 1 May 2022 & 30 April 2023
7,020,001
Carrying amount
At 30 April 2023
7,020,001
At 30 April 2022
7,020,001
The company holds 100% of the ordinary share capital of F.P. Architects Limited and F.P. Urban Design Limited. Both entities have their registered office at First Floor, Middlesex House, 34/42 Cleveland Street, London, W1T 4JE.
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts due from group undertakings
1
1
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts due to associated entities
20,235
20,235
Other creditors
1
1
20,236
20,236
6
Called up share capital
2023
2022
£
£
Issued and fully paid
7,000,000 Ordinary Shares of £1 each
7,000,000
7,000,000
FPHL Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2023
Page 5
7
Related party transactions

Included within creditors is an amount of £20,235 (2022: £20,235) due to Fletcher Priest Architects LLP, an entity under common control and incorporated in England and Wales.

 

Included within debtors is an amount of £1 (2022: £1) due from F.P. Architects Limited, a subsidiary, incorporated in England and Wales.

 

Included within other creditors is a balance of £1 (2022: £1) owed to M Fletcher, a company director.

8
Controlling party

The ultimate controlling party is K Priest.

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