Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC658577 2023-04-01 2024-03-31 SC658577 2022-04-01 2023-03-31 SC658577 2024-03-31 SC658577 2023-03-31 SC658577 c:Director1 2023-04-01 2024-03-31 SC658577 c:Director2 2023-04-01 2024-03-31 SC658577 c:RegisteredOffice 2023-04-01 2024-03-31 SC658577 d:FurnitureFittings 2023-04-01 2024-03-31 SC658577 d:FurnitureFittings 2024-03-31 SC658577 d:FurnitureFittings 2023-03-31 SC658577 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC658577 d:FreeholdInvestmentProperty 2024-03-31 SC658577 d:FreeholdInvestmentProperty 2023-03-31 SC658577 d:CurrentFinancialInstruments 2024-03-31 SC658577 d:CurrentFinancialInstruments 2023-03-31 SC658577 d:Non-currentFinancialInstruments 2024-03-31 SC658577 d:Non-currentFinancialInstruments 2023-03-31 SC658577 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC658577 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC658577 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC658577 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC658577 d:ShareCapital 2024-03-31 SC658577 d:ShareCapital 2023-03-31 SC658577 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC658577 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC658577 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC658577 c:OrdinaryShareClass1 2024-03-31 SC658577 c:OrdinaryShareClass1 2023-03-31 SC658577 c:OrdinaryShareClass2 2023-04-01 2024-03-31 SC658577 c:OrdinaryShareClass2 2024-03-31 SC658577 c:OrdinaryShareClass2 2023-03-31 SC658577 c:OrdinaryShareClass3 2023-04-01 2024-03-31 SC658577 c:OrdinaryShareClass3 2024-03-31 SC658577 c:OrdinaryShareClass3 2023-03-31 SC658577 c:FRS102 2023-04-01 2024-03-31 SC658577 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC658577 c:FullAccounts 2023-04-01 2024-03-31 SC658577 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC658577 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC658577










FGP PARTNERS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
FGP PARTNERS LIMITED
 

COMPANY INFORMATION


Directors
P C Hyslop 
F Millar 




Registered number
SC658577



Registered office
72 High Street

Aberdour

Burntisland

KY3 0SW




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
FGP PARTNERS LIMITED
REGISTERED NUMBER: SC658577

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
2,200
2,825

Investment property
 5 
113,333
113,333

  
115,533
116,158

Current assets
  

Debtors: amounts falling due within one year
 6 
1,009
1,844

Bank and cash balances
  
17,736
16,117

  
18,745
17,961

Creditors: amounts falling due within one year
 7 
(3,599)
(3,328)

Net current assets
  
 
 
15,146
 
 
14,633

Total assets less current liabilities
  
130,679
130,791

Creditors: amounts falling due after more than one year
 8 
(129,494)
(129,494)

Provisions for liabilities
  

Deferred tax
  
(1,067)
(1,117)

  
 
 
(1,067)
 
 
(1,117)

Net assets
  
118
180


Capital and reserves
  

Called up share capital 
 9 
6
6

Profit and loss account
  
112
174

  
118
180

Page 1

 
FGP PARTNERS LIMITED
REGISTERED NUMBER: SC658577

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P C Hyslop
F Millar
Director
Director


Date: 8 August 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
FGP PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

FGP Partners Limited is a private company, limited by shares, incorporated in Scotland with registration number SC658577. The registered office address is 72 High Street, Aberdour, Burntisland, KY3 0SW.
The financial statements are presented in Sterling, which is the functional currency of the company, and presented to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
FGP PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Page 4

 
FGP PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2). 

Page 5

 
FGP PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
4,969


Additions
443



At 31 March 2024

5,412



Depreciation


At 1 April 2023
2,144


Charge for the year on owned assets
1,068



At 31 March 2024

3,212



Net book value



At 31 March 2024
2,200



At 31 March 2023
2,825


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
113,333



At 31 March 2024
113,333

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 6

 
FGP PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
482
1,060

Prepayments and accrued income
527
784

1,009
1,844



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
18
463

Accruals and deferred income
3,581
2,865

3,599
3,328



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
129,494
129,494



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) P Ordinary Shares shares of £1.00 each
2
2
2 (2023 - 2) F Ordinary Shares shares of £1.00 each
2
2
2 (2023 - 2) G Ordinary Shares shares of £1.00 each
2
2

6

6



Page 7