Company registration number SC435279 (Scotland)
FINGERPRINT GLOBAL LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
FINGERPRINT GLOBAL LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
FINGERPRINT GLOBAL LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
31 October 2023
31 January 2023
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
230,600
230,600
Current assets
Debtors
4
442,909
442,909
Cash at bank and in hand
1
1
442,910
442,910
Creditors: amounts falling due within one year
5
(200)
(200)
Net current assets
442,710
442,710
Net assets
673,310
673,310
Capital and reserves
Called up share capital
24,101
24,101
Share premium account
1,086,300
1,086,300
Profit and loss reserves
(437,091)
(437,091)
Total equity
673,310
673,310
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
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 31 July 2024 and are signed on its behalf by:
Mr G Cooper
Director
Company Registration No. SC435279
FINGERPRINT GLOBAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 2 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
As restated for the period ended 31 January 2023:
Balance at 1 February 2022
24,101
1,086,300
233,296
1,343,697
Prior period adjustment
-
(880,000)
(880,000)
As restated
24,101
1,086,300
(646,704)
463,697
Year ended 31 January 2023:
Profit and total comprehensive income for the year
-
-
270,748
270,748
Dividends
-
-
(61,135)
(61,135)
Balance at 31 January 2023
24,101
1,086,300
(437,091)
673,310
Period ended 31 October 2023:
Profit and total comprehensive income for the period
-
-
Balance at 31 October 2023
24,101
1,086,300
(437,091)
673,310
FINGERPRINT GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 3 -
1
Accounting policies
Company information
Fingerprint Global Limited is a private company limited by shares incorporated in Scotland. The registered office is Abercorn House, 79 Renfrew Road, Paisley, United Kingdom, PA3 4DA.
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 principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
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.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.3
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 current liabilities.
1.4
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
FINGERPRINT GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 4 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
FINGERPRINT GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 5 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2023
Number
Number
Total
1
1
3
Fixed asset investments
2023
2023
as restated
£
£
Shares in group undertakings and participating interests
230,600
230,600
4
Debtors
2023
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
442,909
442,909
FINGERPRINT GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 6 -
5
Creditors: amounts falling due within one year
2023
2023
£
£
Other creditors
200
200
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.
Under the Companies Act 2006, the company was exempt from audit for the ended 31 January 2023. As a consequence, the financial statements of the company for the year ended 31 January 2023, which form the basis for the corresponding figures presented in the current period's financial statements were unaudited. For the period ended 31 October 2023, the directors were no longer able to take advantage of the exemption from audit available under section 477 of the Companies Act 2006.
The auditor's report was unqualified.
Senior Statutory Auditor:
Robert Hull
Statutory Auditor:
Azets Audit Services
7
Financial commitments, guarantees and contingent liabilities
As at 31 October 2023 the company had total guarantees and commitments of £1,997,759 (31 January 2023: N/A) in respect of group companies.
8
Parent company
Following the acquisition of the company on 28 February 2023 by Athera Healthcare Limited (previously Halcyon (Bidco) Limited), Aliter Capital II LLP is the company's ultimate controlling party, a limited liability partnership whose registered office is 14 Brook's Mews, London, W1K 4DG.
The smallest group of which the company is a member and for which group accounts are prepared is headed up by Athera Healthcare Limited (previously Halcyon (Bidco) Limited), who is the company's immediate parent company and whose registered address is 14 Brook's Mews, London, W1K 4DG.
The largest group of which the company is a member and for which group accounts are prepared is headed up by Athera Healthcare Group Limited (formerly Halcyon Group (Holdings) Limited), whose registered address is 14 Brook's Mews, London, W1K 4DG.
FINGERPRINT GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 7 -
9
Prior period adjustment
Reconciliation of changes in equity
1 February
31 January
2022
2023
£
£
Adjustments to prior period
Disposal of subsidiary
-
(880,000)
Equity as previously reported
1,343,697
1,553,310
Equity as adjusted
1,343,697
673,310
Analysis of the effect upon equity
Profit and loss reserves
-
(880,000)
Reconciliation of changes in profit for the previous financial period
2023
£
Total adjustments
-
Profit as previously reported
270,748
Profit as adjusted
270,748
Notes to reconciliation
Disposal of subsidiary
An investment balance had previously been recognised of £880,000 in relation to a subsidiary previously held by the company and dissolved on 2 February 2016. As such, the carrying value of investments and retained earnings brought forward have been reduced by £880,000.