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Registration number: 09854914

F&H Capital Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

F&H Capital Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

F&H Capital Limited

Company Information

Director

L Fatica

Registered office

32 North Road
Gloucester
GL1 3JX

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

F&H Capital Limited

(Registration number: 09854914)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

398

732

Investment property

6

610,000

610,000

Other financial assets

7

1,500

1,500

 

611,898

612,232

Current assets

 

Debtors

8

41,194

35,510

Cash at bank and in hand

 

2,011

17,380

 

43,205

52,890

Creditors: Amounts falling due within one year

9

(162,310)

(154,723)

Net current liabilities

 

(119,105)

(101,833)

Total assets less current liabilities

 

492,793

510,399

Creditors: Amounts falling due after more than one year

9

(421,945)

(421,945)

Provisions for liabilities

(19,349)

(14,705)

Net assets

 

51,499

73,749

Capital and reserves

 

Called up share capital

10

10

10

Retained earnings

51,489

73,739

Shareholders' funds

 

51,499

73,749

 

F&H Capital Limited

(Registration number: 09854914)
Balance Sheet as at 30 November 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 July 2024
 

.........................................
L Fatica
Director

 

F&H Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
32 North Road
Gloucester
GL1 3JX

These financial statements were authorised for issue by the director on 23 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

The current income 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 taxable income.

 

F&H Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and Fixtures

20% Straight Line Method

Office equipment

33% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

F&H Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

333

474

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

1,068

939

2,007

At 30 November 2023

1,068

939

2,007

Depreciation

At 1 December 2022

931

344

1,275

Charge for the year

137

197

334

At 30 November 2023

1,068

541

1,609

Carrying amount

At 30 November 2023

-

398

398

At 30 November 2022

137

595

732

6

Investment properties

2023
£

At 1 December

610,000

At 30 November

610,000

There has been no valuation of investment property by an independent valuer.

 

F&H Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 December 2022

1,500

1,500

At 30 November 2023

1,500

1,500

Impairment

Carrying amount

At 30 November 2023

1,500

1,500

8

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

12

39,448

33,411

Prepayments

 

392

750

Other debtors

 

1,354

1,349

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

11

18,994

21,812

Taxation and social security

 

-

963

Accruals and deferred income

 

1,680

2,460

Other creditors

 

141,636

129,488

 

162,310

154,723

 

F&H Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

11

421,945

421,945

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

         

11

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

421,945

421,945

2023
£

2022
£

Current loans and borrowings

Other borrowings

18,994

21,812

 

F&H Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

12

Related party transactions

Transactions with the director

2023

At 1 December 2022
£

Repayments by director
£

At 30 November 2023
£

L Fatica

(129,488)

(12,148)

(141,636)

       
     

 

2022

At 1 December 2021
£

Advances to director
£

Repayments by director
£

At 30 November 2022
£

L Fatica

(99,688)

6,669

(36,469)

(129,488)

         
       

 

Summary of transactions with other related parties

Back In Shape Program Limited

At the balance sheet date the amount due from Back In Shape Program Limited was £39,448. L Haxa is the director of this company.


Gloabal Wellbeing Ltd

At the balance sheet date the amount due from Global Wellbeing Ltd was £1,004. L Haxa is the director of this company.