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Company Registration No. 03878994 (England and Wales)
Falcor BC Limited Unaudited accounts for the year ended 30 November 2023
Falcor BC Limited Unaudited accounts Contents
Page
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Falcor BC Limited Company Information for the year ended 30 November 2023
Director
Andrew Gifford
Secretary
Maria Gifford
Company Number
03878994 (England and Wales)
Registered Office
25 Chertsey Road ( First Floor) Chobham GU24 8PD
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Falcor BC Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,454 
3,058 
Investment property
257,000 
257,000 
Investments
13,631 
4,281 
274,085 
264,339 
Current assets
Debtors
44,143 
37,644 
Cash at bank and in hand
43,216 
171,612 
87,359 
209,256 
Creditors: amounts falling due within one year
(23,673)
(17,767)
Net current assets
63,686 
191,489 
Total assets less current liabilities
337,771 
455,828 
Creditors: amounts falling due after more than one year
(55,471)
(188,173)
Provisions for liabilities
Deferred tax
(5,614)
(5,614)
Net assets
276,686 
262,041 
Capital and reserves
Called up share capital
130,000 
130,000 
Profit and loss account
146,686 
132,041 
Shareholders' funds
276,686 
262,041 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2024 and were signed on its behalf by
Andrew Gifford Director Company Registration No. 03878994
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Falcor BC Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Falcor BC Limited is a private company, limited by shares, registered in England and Wales, registration number 03878994. The registered office is 25 Chertsey Road ( First Floor) , Chobham, GU24 8PD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain tangible assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance method
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Falcor BC Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
5,352 
15,899 
21,251 
Additions
538 
1,022 
1,560 
At 30 November 2023
5,890 
16,921 
22,811 
Depreciation
At 1 December 2022
5,352 
12,841 
18,193 
Charge for the year
134 
1,030 
1,164 
At 30 November 2023
5,486 
13,871 
19,357 
Net book value
At 30 November 2023
404 
3,050 
3,454 
At 30 November 2022
- 
3,058 
3,058 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
257,000 
At 30 November 2023
257,000 
The Company owns two properties in Spain. A desktop valuation was performed in 2018 & the Directors do not believe there has been a material change to the valuations since that date. Almunerca (Land) Cost £104,452, valuation £95,000 Denia Park (apartment) Cost £123,000, valuation £162,000
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 December 2022
4,281 
Additions
9,350 
Valuation at 30 November 2023
13,631 
The investment represents a loan to a wholly owned subsidiary. That company own a property in Reigate with a net value, after deducting debt of £126,000
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,143 
29,174 
Accrued income and prepayments
3,000 
3,000 
44,143 
32,174 
Amounts falling due after more than one year
Other debtors
- 
5,470 
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Falcor BC Limited Notes to the Accounts for the year ended 30 November 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
9,084 
5,378 
Trade creditors
1,134 
578 
Taxes and social security
6,451 
245 
Other creditors
(1,985)
(1,784)
Accruals
8,989 
13,350 
23,673 
17,767 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
17,120 
12,931 
Other creditors
20,000 
- 
Loans from directors
18,351 
175,242 
55,471 
188,173 
This Director's loan is interest free & has no fixed date for repayment.
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
90,000 Ordinary Shares - Andrew Gifford of £1 each
90,000 
90,000 
20,000 Ordinary Shares - Wesley Gifford of £1 each
20,000 
20,000 
20,000 Ordinary Shares - Stephanie Gifford of £1 each
20,000 
20,000 
130,000 
130,000 
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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