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Company No: 09510134 (England and Wales)

ANCALA FP LIMITED

Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ANCALA FP LIMITED

Financial Statements

For the financial year ended 31 March 2024

Contents

ANCALA FP LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
ANCALA FP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Ancala Partners Llp
Spence Matthew Clunie
REGISTERED OFFICE King's House
36-37 King Street
London
EC2V 8BB
England
United Kingdom
COMPANY NUMBER 09510134 (England and Wales)
AUDITOR Nigel Wilson & Co
4th Floor
100 Fenchurch Street
London
EC3M 5JD
ANCALA FP LIMITED

BALANCE SHEET

As at 31 March 2024
ANCALA FP LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 167 167
167 167
Current assets
Cash at bank and in hand 39,469 30,514
39,469 30,514
Creditors: amounts falling due within one year 4 ( 39,816) ( 30,861)
Net current liabilities (347) (347)
Total assets less current liabilities (180) (180)
Net liabilities ( 180) ( 180)
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account ( 181 ) ( 181 )
Total shareholder's deficit ( 180) ( 180)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Ancala FP Limited (registered number: 09510134) were approved and authorised for issue by the Board of Directors on 19 June 2024. They were signed on its behalf by:

Ancala Partners Llp
Director
ANCALA FP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ANCALA FP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ancala FP Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is King's House, 36-37 King Street, London, EC2V 8BB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 April 2023 2,425 2,425
At 31 March 2024 2,425 2,425
Provisions for impairment
At 01 April 2023 2,258 2,258
At 31 March 2024 2,258 2,258
Carrying value at 31 March 2024 167 167
Carrying value at 31 March 2023 167 167

The company is a limited partner in and is entitled to the carried interest generated by various investment funds subject to certain performance hurdles being met. The company has beneficially assigned its entitlement of carried interest to a group of individuals. The net beneficial entitlement received by the company in 2024 is £nil (2023 £nil). The funds are:

Ancala UK Infrastructure Platform A LP
Ancala UK Infrastructure Platform B LP
Ancala Utilities I LP
Ancala UK Infrastructure 1 LP
Ancala European Infrastructure II LP
Ancala Midstream Partners II LP
Ancala European Infrastructure III LP
Woodpecker Co-Investment LP

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Parent undertakings 1,916 1,916
Other creditors 37,900 28,945
39,816 30,861

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Financial commitments

The Company had no material capital commitments at the year ended 31 March 2024.

7. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 March 2024 was unqualified.

The audit report was signed by David Hatchard on behalf of Nigel Wilson & Co.

8. Ultimate controlling party

Parent Company:

Ancala Partners LLP
King's House
36-37 King Street
London
EC2V 8BB
United Kingdom