Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05580892 Mrs Joanne Aguilar-Millan Mr Stephen Aguilar-Millan Miss Charlotte Aguilar-Millan Mrs Joanne Aguilar-Millan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05580892 2023-03-31 05580892 2024-03-31 05580892 2023-04-01 2024-03-31 05580892 frs-core:CurrentFinancialInstruments 2024-03-31 05580892 frs-core:Non-currentFinancialInstruments 2024-03-31 05580892 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05580892 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 05580892 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05580892 frs-bus:SmallEntities 2023-04-01 2024-03-31 05580892 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05580892 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05580892 1 2023-04-01 2024-03-31 05580892 frs-core:ListedExchangeTraded 2024-03-31 05580892 frs-core:ListedExchangeTraded 2023-03-31 05580892 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 05580892 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 05580892 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 05580892 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 05580892 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 05580892 frs-bus:Director1 2023-04-01 2024-03-31 05580892 frs-bus:Director2 2023-04-01 2024-03-31 05580892 frs-bus:Director3 2023-04-01 2024-03-31 05580892 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05580892 frs-countries:EnglandWales 2023-04-01 2024-03-31 05580892 2022-03-31 05580892 2023-03-31 05580892 2022-04-01 2023-03-31 05580892 frs-core:CurrentFinancialInstruments 2023-03-31 05580892 frs-core:Non-currentFinancialInstruments 2023-03-31 05580892 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05580892
FCIC Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Greenways Partnership
23 Tomline Road
Felixstowe
Suffolk
IP11 7QW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05580892
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 160,642 52,833
160,642 52,833
CURRENT ASSETS
Debtors 5 300,000 325,000
Cash at bank and in hand 843 4,485
300,843 329,485
Creditors: Amounts Falling Due Within One Year 7 (5,786 ) (5,154 )
NET CURRENT ASSETS (LIABILITIES) 295,057 324,331
TOTAL ASSETS LESS CURRENT LIABILITIES 455,699 377,164
Creditors: Amounts Falling Due After More Than One Year 8 (450,000 ) (375,000 )
NET ASSETS 5,699 2,164
Income and Expenditure Account 5,699 2,164
MEMBERS' FUNDS 5,699 2,164
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Stephen Aguilar-Millan
Director
12/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FCIC Limited Registered number 05580892 is a limited by guarantee company incorporated in England & Wales. The Registered Office is 23 Tomline Road, Felixstowe, IP11 7QW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.3. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income and expenditure account, directors report, and notes to the financial statements relating to the income and expenditure account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Listed
£
Cost
As at 1 April 2023 52,833
Additions 107,809
As at 31 March 2024 160,642
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 160,642
As at 1 April 2023 52,833
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5. Debtors
2024 2023
£ £
Due within one year
Due after more than one year
Other debtors 300,000 325,000
6. Current Asset Investments
The directors do not feel that the reduction in value of the portfolio of listed investments caused by recent market turbulence represents a permanent impairment of the value of the portfolio of shares.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 502
Corporation tax 403 -
Directors' loan accounts 5,382 4,652
5,786 5,154
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 150,000 50,000
Directors loan account 300,000 325,000
450,000 375,000
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
10. Ultimate Controlling Party
The company's ultimate controlling party are the directors of the company.
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