2023-01-012023-12-312023-12-31false06240840FAIR MARKET VALUE CAPITAL PARTNERS (UK) 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FAIR MARKET VALUE CAPITAL PARTNERS (UK) LIMITED

Registered Number
06240840
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

FAIR MARKET VALUE CAPITAL PARTNERS (UK) LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

LATEK, Magdalena Anna
F O MICHEL-VERDIER

Company Secretary

ELEMENTAL COMPANY SECRETARY LIMITED

Registered Address

62 Leinster Square
London
W2 4PS

Registered Number

06240840 (England and Wales)
FAIR MARKET VALUE CAPITAL PARTNERS (UK) LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments343,37344,274
43,37344,274
Current assets
Debtors49,35417,039
Cash at bank and on hand78,715767,793
88,069784,832
Creditors amounts falling due within one year5(1,100,825)(1,197,377)
Net current assets (liabilities)(1,012,756)(412,545)
Total assets less current liabilities(969,383)(368,271)
Net assets(969,383)(368,271)
Capital and reserves
Called up share capital1,1631,163
Share premium1,149,8371,149,837
Profit and loss account(2,120,383)(1,519,271)
Shareholders' funds(969,383)(368,271)
The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2024, and are signed on its behalf by:
F O MICHEL-VERDIER
Director
Registered Company No. 06240840
FAIR MARKET VALUE CAPITAL PARTNERS (UK) LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to when a value can be measured reliably for each transaction, and that it is probable future economic benefits associated with the transaction will flow to the entity.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year00
3.Fixed asset investments
Transfers represent FX movement on the value of Investments as at the year end.

Investments in groups1

Total

££
Cost or valuation
At 01 January 2344,27444,274
Transfers(901)(901)
At 31 December 2343,37343,373
Net book value
At 31 December 2343,37343,373
At 31 December 2244,27444,274

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2023

2022

££
Other debtors1,0169,701
Prepayments and accrued income8,3387,338
Total9,35417,039
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables49,61240,843
Taxation and social security26,40048,709
Other creditors1,016,1611,100,208
Accrued liabilities and deferred income8,6527,617
Total1,100,8251,197,377
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included in the creditor balance is an amount owing to the company director of £1,000,771 (2022: £1,100,208).
6.Controlling party
The ultimate controlling party is the director Mr Frederic Olivier Michel-Verdier.