Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalsetrue2023-04-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13574786 2023-04-01 2024-03-31 13574786 2022-04-01 2023-03-31 13574786 2024-03-31 13574786 2023-03-31 13574786 c:Director1 2023-04-01 2024-03-31 13574786 d:CurrentFinancialInstruments 2024-03-31 13574786 d:CurrentFinancialInstruments 2023-03-31 13574786 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13574786 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13574786 d:ShareCapital 2024-03-31 13574786 d:ShareCapital 2023-03-31 13574786 d:RetainedEarningsAccumulatedLosses 2024-03-31 13574786 d:RetainedEarningsAccumulatedLosses 2023-03-31 13574786 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13574786 c:OrdinaryShareClass1 2024-03-31 13574786 c:OrdinaryShareClass1 2023-03-31 13574786 c:FRS102 2023-04-01 2024-03-31 13574786 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13574786 c:FullAccounts 2023-04-01 2024-03-31 13574786 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13574786 2 2023-04-01 2024-03-31 13574786 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13574786









FONTUS GROUP HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FONTUS GROUP HOLDINGS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FONTUS GROUP HOLDINGS LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fontus Group Holdings Limited for the year ended 31 March 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Fontus Group Holdings Limited, as a body, in accordance with the terms of our engagement letter dated [date]Our work has been undertaken solely to prepare for your approval the financial statements of Fontus Group Holdings Limited  and state those matters that we have agreed to state to the Board of Directors of Fontus Group Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fontus Group Holdings Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Fontus Group Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fontus Group Holdings Limited. You consider that Fontus Group Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Fontus Group Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



RMY Clements Limited
 
Statutory Auditors
  
Sterling House
71 Francis Road
Edgbaston
Birmingham
B16 8SP
 N.B. The date of signing should be entered in 'ACCOUNTS COMPLETION' section 
Date: 
Page 1

 
FONTUS GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 13574786

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,348,193
78,045

Cash at bank and in hand
 5 
3,358,082
390,674

  
4,706,275
468,719

Creditors: amounts falling due within one year
 6 
(4,288,250)
(146,805)

Net current assets
  
 
 
418,025
 
 
321,914

Total assets less current liabilities
  
418,025
321,914

  

Net assets
  
418,025
321,914


Capital and reserves
  

Called up share capital 
 7 
75,001
75,001

Profit and loss account
  
343,024
246,913

  
418,025
321,914


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 year 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 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 12 September 2024.




Daljit Singh Birdi
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 2

 
FONTUS GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 13574786
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 3

 
FONTUS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company was incorporated as a Limited Company in the United Kingdom on 19 August 2021.
The Company's registered office is 60 Lichfield Street, Walsall, WS4 2BX.
The principal activity of the group is that of the manufacture and sale of pharmaceutical products.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a
cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Interest income

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

 
2.3

Taxation

Tax is recognised in profit or loss 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 balance sheet date in the countries where the Company operates and generates income.

 
2.4

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.

 
2.5

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.

Page 4

 
FONTUS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Page 5

 
FONTUS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
281,807
-

Other debtors
1,061,001
75,001

Prepayments and accrued income
5,385
3,044

1,348,193
78,045



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,358,082
390,674

3,358,082
390,674



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
4,109,391
88,387

Corporation tax
2,346
57,918

Accruals and deferred income
176,513
500

4,288,250
146,805



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £75,001.00
75,001
75,001


Page 6

 
FONTUS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Controlling party

The ultimate controlling parties are Daljit Singh Birdi and Navdeep Birdi, directors of the company.

 
Page 7