Company Registration No. 04383286 (England and Wales)
FIESTA HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
FIESTA HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr A D Kingston
Mrs E J Kingston
Secretary
Mr A D Kingston
Company number
04383286
Registered office
Unit 11
Lopen Business Park
Lopen
South Petherton
Somerset
TA13 5JS
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
Business address
Unit 11
Lopen Business Park
Lopen
South Petherton
Somerset
TA13 5JS
FIESTA HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FIESTA HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
5
5
Current assets
Debtors
4
451,248
451,711
Creditors: amounts falling due within one year
5
(448,803)
(448,803)
Net current assets
2,445
2,908
Total assets less current liabilities
2,450
2,913
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
2,448
2,911
Total equity
2,450
2,913
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 31 March 2024 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 Act 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 16 July 2024 and are signed on its behalf by:
Mr A D Kingston
Director
Company Registration No. 04383286
FIESTA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Fiesta Holdings Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.
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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2
Going concern
These financial statements have been prepared on the going concern basis, the validity of which is dependent on the continued support of the directors of the company. In the absence of this support the going concern basis may be invalid and adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for further liabilities that may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.true
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
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.
1.5
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.6
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0 (2023 - 0).
FIESTA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Investments
5
5
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2023 & 31 March 2024
5
Carrying amount
At 31 March 2024
5
At 31 March 2023
5
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Unpaid share capital
2
2
Other debtors
451,246
451,709
451,248
451,711
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
448,803
448,803
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued
2 Ordinary shares of £1 each
2
2