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REGISTERED NUMBER: 13717599 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

FCO Investments Ltd.

FCO Investments Ltd. (Registered number: 13717599)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FCO Investments Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R A Fowler
Mrs S Fowler
P Fowler
Mrs J H Fowler
Bryan Fowler
Brett Fowler
G Fowler
N Fowler





REGISTERED OFFICE: 53 Central Way
Walworth Business Park
Andover
SP10 5AN





REGISTERED NUMBER: 13717599 (England and Wales)





ACCOUNTANTS: Pace Accountants
Noble House
Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB

FCO Investments Ltd. (Registered number: 13717599)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 931,000 950,000
Investments 5 1,000 1,000
932,000 951,000

CURRENT ASSETS
Debtors 6 502,194 202,333
Cash at bank 8,464 11,220
510,658 213,553
CREDITORS
Amounts falling due within one year 7 194,807 292,264
NET CURRENT ASSETS/(LIABILITIES) 315,851 (78,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,247,851

872,289

CREDITORS
Amounts falling due after more than one
year

8

(697,520

)

(654,450

)

PROVISIONS FOR LIABILITIES (71,162 ) (45,195 )
NET ASSETS 479,169 172,644

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 168,646 179,667
Retained earnings 309,523 (8,023 )
479,169 172,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FCO Investments Ltd. (Registered number: 13717599)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





N Fowler - Director


FCO Investments Ltd. (Registered number: 13717599)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

FCO Investments Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Improvements to property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

FCO Investments Ltd. (Registered number: 13717599)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements
Long to
leasehold property Totals
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 793,647 156,353 950,000
DEPRECIATION
Charge for year 15,873 3,127 19,000
At 31 December 2023 15,873 3,127 19,000
NET BOOK VALUE
At 31 December 2023 777,774 153,226 931,000
At 31 December 2022 793,647 156,353 950,000

Cost or valuation at 31 December 2023 is represented by:

Improvements
Long to
leasehold property Totals
£    £    £   
Valuation in 2022 793,647 156,353 950,000

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,000
NET BOOK VALUE
At 31 December 2023 1,000
At 31 December 2022 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 94,748 39,995
Amounts owed by associates 204,900 -
Other debtors 202,546 162,338
502,194 202,333

FCO Investments Ltd. (Registered number: 13717599)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,600 9,600
Trade creditors 2,349 (1 )
Amounts owed to associates 10,000 215,427
Taxation and social security 83,746 -
Other creditors 89,112 67,238
194,807 292,264

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 178,090 186,103
Other creditors 519,430 468,347
697,520 654,450

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 51,975 51,975
Between one and five years 207,900 207,900
In more than five years 4,803,356 4,855,331
5,063,231 5,115,206

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023 179,667
Less deferred taxation (11,021 )

At 31 December 2023 168,646

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Brett Fowler
Balance outstanding at start of year 60,900 -
Amounts advanced 90,345 60,900
Amounts repaid (61,951 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 89,294 60,900

FCO Investments Ltd. (Registered number: 13717599)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Bryan Fowler
Balance outstanding at start of year 20,531 -
Amounts advanced 80,598 20,531
Amounts repaid (50,994 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,135 20,531

G Fowler
Balance outstanding at start of year 45,664 -
Amounts advanced 76,051 45,664
Amounts repaid (71,592 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,123 45,664

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £430,337 were paid to the directors .

Aggregated transactions with related parties during the year amounted to £558,662 (2022: £41,661)
The balance owed by the company at the year end amounted to £10,000 (2022: £175,432).
The balance owed to the company at the year end amounted to £299,648 (2022: £Nil).

Amounts owed by the company to directors at the year end amounted to £535,547 (2022: £457,741).