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REGISTERED NUMBER: 13528761 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

FGG1 LIMITED

FGG1 LIMITED (REGISTERED NUMBER: 13528761)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FGG1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr J A Forbes





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 13528761 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

FGG1 LIMITED (REGISTERED NUMBER: 13528761)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 502,583 2

CURRENT ASSETS
Debtors 5 78,390 115
Cash at bank 229,980 144,313
308,370 144,428
CREDITORS
Amounts falling due within one year 6 46,039 120,269
NET CURRENT ASSETS 262,331 24,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,914

24,161

CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair value reserve 8 1,241 -
Retained earnings 763,671 24,159
SHAREHOLDERS' FUNDS 764,914 24,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 and authorised for issue by the director and authorised for issue on 12 April 2024 and were signed by:





Mr J A Forbes - Director


FGG1 LIMITED (REGISTERED NUMBER: 13528761)

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

1. STATUTORY INFORMATION

FGG1 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.

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 as modified by the revaluation of certain assets.

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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 2 - 2
Additions - 501,340 501,340
Revaluations - 1,241 1,241
At 31 July 2023 2 502,581 502,583
NET BOOK VALUE
At 31 July 2023 2 502,581 502,583
At 31 July 2022 2 - 2

FGG1 LIMITED (REGISTERED NUMBER: 13528761)

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

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 July 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 1,241 1,241
Cost 2 501,340 501,342
2 502,581 502,583

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 78,390 115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 46,039 120,269

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary 1 1 1
1 Ordinary 1 1 1
2 2

8. RESERVES
Fair
value
reserve
£   
Fair value adjustment 1,241

At 31 July 2023 1,241

9. RELATED PARTY DISCLOSURES

The aggregate amount owed to the director at the balance sheet date is £101,845. (31.7.22: £111,214).

The aggregate amount owed by connected companies at the balance sheet date was £78,340. (31.7.22: owed to connected companies £7,747).

During the year the company received £241,000 in dividends from its subsidiary. (31.7.22: £252,250).

FGG1 LIMITED (REGISTERED NUMBER: 13528761)

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

10. ULTIMATE CONTROLLING PARTY

The company is not under control of any one individual or entity.