Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseInvestment activitiestrue2022-12-132trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14538398 2022-12-12 14538398 2022-12-13 2023-12-31 14538398 2021-12-13 2022-12-12 14538398 2023-12-31 14538398 c:Director1 2022-12-13 2023-12-31 14538398 d:CurrentFinancialInstruments 2023-12-31 14538398 d:Non-currentFinancialInstruments 2023-12-31 14538398 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14538398 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14538398 d:ShareCapital 2023-12-31 14538398 d:SharePremium 2023-12-31 14538398 d:RetainedEarningsAccumulatedLosses 2023-12-31 14538398 c:FRS102 2022-12-13 2023-12-31 14538398 c:AuditExempt-NoAccountantsReport 2022-12-13 2023-12-31 14538398 c:FullAccounts 2022-12-13 2023-12-31 14538398 c:PrivateLimitedCompanyLtd 2022-12-13 2023-12-31 14538398 2 2022-12-13 2023-12-31 14538398 6 2022-12-13 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 14538398






FALCO (TALBOT TOWCESTER) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023










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FALCO (TALBOT TOWCESTER) LIMITED
REGISTERED NUMBER:14538398

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investments
 4 
239

  
239

Current assets
  

Debtors: amounts falling due within one year
 5 
2,733,155

Cash at bank and in hand
 6 
27,820

  
2,760,975

Creditors: amounts falling due within one year
 7 
(1,440)

Net current assets
  
 
 
2,759,535

Total assets less current liabilities
  
2,759,774

Creditors: amounts falling due after more than one year
 8 
(2,733,155)

  

Net assets
  
26,619


Capital and reserves
  

Called up share capital 
  
239

Share premium account
  
30,000

Profit and loss account
  
(3,620)

  
26,619


Page 1

 
FALCO (TALBOT TOWCESTER) LIMITED
REGISTERED NUMBER:14538398
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 income and retained earnings 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 by: 




R S Anderson
Director

Date: 11 September 2024

Page 2

 
FALCO (TALBOT TOWCESTER) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Falco (Talbot Towcester) Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activities of the company continued to be that of investment activities.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises of interest receivable on amounts loaned to group undertakings.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

Debtors

Short-term 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.

 
2.7

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.

 
2.8

Creditors

Short-term 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 3

 
FALCO (TALBOT TOWCESTER) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Page 4

 
FALCO (TALBOT TOWCESTER) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Fixed asset investments





Investments in associates

£



Cost or valuation


Additions
239



At 31 December 2023
239





5.


Debtors

2023
£


Other debtors
2,733,155

2,733,155



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
27,820

27,820


Page 5

 
FALCO (TALBOT TOWCESTER) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
£

Accruals and deferred income
1,440

1,440



8.


Creditors: Amounts falling due after more than one year

2023
£

Other creditors
2,733,155

2,733,155


There are fixed charges and negative pledges charged against the company in favour of Falco Investors Agent Limited.

 
Page 6