Silverfin false false 31/03/2024 01/04/2023 31/03/2024 G L Willingham 09/04/2021 07 September 2024 The principal activity of the Company during the financial period was that of an investment property company. 13324457 2024-03-31 13324457 bus:Director1 2024-03-31 13324457 2023-03-31 13324457 core:CurrentFinancialInstruments 2024-03-31 13324457 core:CurrentFinancialInstruments 2023-03-31 13324457 core:Non-currentFinancialInstruments 2024-03-31 13324457 core:Non-currentFinancialInstruments 2023-03-31 13324457 core:ShareCapital 2024-03-31 13324457 core:ShareCapital 2023-03-31 13324457 core:RetainedEarningsAccumulatedLosses 2024-03-31 13324457 core:RetainedEarningsAccumulatedLosses 2023-03-31 13324457 core:MoreThanFiveYears 2024-03-31 13324457 core:MoreThanFiveYears 2023-03-31 13324457 2023-04-01 2024-03-31 13324457 bus:FilletedAccounts 2023-04-01 2024-03-31 13324457 bus:SmallEntities 2023-04-01 2024-03-31 13324457 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13324457 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13324457 bus:Director1 2023-04-01 2024-03-31 13324457 2022-04-01 2023-03-31 13324457 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 13324457 (England and Wales)

FCUP PROPERTIES LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

FCUP PROPERTIES LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

FCUP PROPERTIES LTD

BALANCE SHEET

As at 31 March 2024
FCUP PROPERTIES LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 347,571 347,571
347,571 347,571
Current assets
Debtors 4 10 10
Cash at bank and in hand 10,205 2,088
10,215 2,098
Creditors: amounts falling due within one year 5 ( 192,401) ( 189,230)
Net current liabilities (182,186) (187,132)
Total assets less current liabilities 165,385 160,439
Creditors: amounts falling due after more than one year 6 ( 140,482) ( 148,996)
Net assets 24,903 11,443
Capital and reserves
Called-up share capital 10 10
Profit and loss account 24,893 11,433
Total shareholder's funds 24,903 11,443

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of FCUP Properties Ltd (registered number: 13324457) were approved and authorised for issue by the Director on 07 September 2024. They were signed on its behalf by:

G L Willingham
Director
FCUP PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
FCUP PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

FCUP Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts. The company recognises revenue when the value of services provided to date can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 347,571
As at 31 March 2024 347,571

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 10 10

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 8,514 8,514
Amounts owed to Group undertakings 179,830 177,534
Taxation and social security 3,157 2,682
Other creditors 900 500
192,401 189,230

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 140,482 148,996

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans 106,426 114,940

7. Ultimate controlling party

Parent Company:

FCUP Holdings Ltd
Towngate House, 2-8 Parkstone road, Poole, Dorset, BH15 2PW