Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30falseboat for hire2022-07-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11359115 2022-07-01 2023-06-30 11359115 2021-07-01 2022-06-30 11359115 2023-06-30 11359115 2022-06-30 11359115 c:Director1 2022-07-01 2023-06-30 11359115 d:CurrentFinancialInstruments 2023-06-30 11359115 d:CurrentFinancialInstruments 2022-06-30 11359115 d:Non-currentFinancialInstruments 2023-06-30 11359115 d:Non-currentFinancialInstruments 2022-06-30 11359115 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11359115 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 11359115 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11359115 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 11359115 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 11359115 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 11359115 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 11359115 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 11359115 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 11359115 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 11359115 d:ShareCapital 2023-06-30 11359115 d:ShareCapital 2022-06-30 11359115 d:RetainedEarningsAccumulatedLosses 2023-06-30 11359115 d:RetainedEarningsAccumulatedLosses 2022-06-30 11359115 c:OrdinaryShareClass1 2022-07-01 2023-06-30 11359115 c:OrdinaryShareClass1 2023-06-30 11359115 c:FRS102 2022-07-01 2023-06-30 11359115 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11359115 c:FullAccounts 2022-07-01 2023-06-30 11359115 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11359115 6 2022-07-01 2023-06-30 11359115 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11359115









FV02 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
FV02 LIMITED
REGISTERED NUMBER: 11359115

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023


2023

2022
Note
£
£
£
£

Fixed assets
  

Investments
 4 
87,271
-

  
87,271
-

Current assets
  

Debtors: amounts falling due within one year
 5 
343,311
377,626

Cash at bank and in hand
 6 
21,998
111,249

  
365,309
488,875

Creditors: amounts falling due within one year
 7 
(445,199)
(447,012)

Net current (liabilities)/assets
  
 
 
(79,890)
 
 
41,863

Total assets less current liabilities
  
7,381
41,863

Creditors: amounts falling due after more than one year
 8 
(36,275)
(42,157)

  

Net liabilities
  
(28,894)
(294)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(28,994)
(394)

  
(28,894)
(294)


Page 1

 
FV02 LIMITED
REGISTERED NUMBER: 11359115
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The director considers 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 director acknowledges his 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 comprehensive income 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 on 30 August 2024.

F Vanoli
Director

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

Page 2

 
FV02 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

FV02 Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, United Kingdom, UB8 2FX.
 
The company specialises in consultancy services.

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

Going concern

The financial statements have been prepared on a going concern basis not withstanding the net liabilities of £28,894 (2022 - £294). The director has provided an understanding that he will continue to support the company for the foreseeable future to enable the company's liabilities to be met as they fall due and specifically for a period of not less than twelve months from the date of signing these financial statements. On this basis, the director believes that the preparation of the accounts on a going concern basis is appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
FV02 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the period in which they are incurred. 

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
FV02 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.10

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. 
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

 
2.11

Taxation

Tax is recognised in the Statement of comprehensive income 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 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 income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Listed investments

£



Fair value


Additions
87,271



At 30 June 2023
87,271




Page 5

 
FV02 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Other debtors
323,311
357,626

Prepayments and accrued income
20,000
20,000

343,311
377,626



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
21,998
111,249

21,998
111,249



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,882
5,882

Trade creditors
2,839
2,737

Corporation tax
98
960

Other creditors
433,980
435,033

Accruals and deferred income
2,400
2,400

445,199
447,012



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
36,275
42,157

36,275
42,157


Page 6

 
FV02 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,882
5,882

Amounts falling due 1-2 years

Bank loans
5,882
5,882

Amounts falling due 2-5 years

Bank loans
17,647
17,647

Amounts falling due after more than 5 years

Bank loans
12,746
18,628

42,157
48,039



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



11.


Related party transactions

Included within other creditors is an amount of £433,980 (2022 - £435,033due to the director. The loan is interest free and has no repayment terms. 

Included within other debtors is an amount of £6,734 (2022 - £6,734) due from a company with a common director. A provision of £6,734 (2022 - £Nil) is being held in respect of this amount.
Included within other debtors is an amount of £16,000 
(2022 - £Nil) due from a company under common control.
Included within debtors is an amount of £20,000 
(2022 - £20,000) due from a company with a common director.


12.


Controlling party

The ultimate controlling party is the director, by virtue of his 100% shareholding in the company.

 
Page 7