2 31/12/2023 2023-12-31 false false false false true false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13634459 2023-01-01 2023-12-31 13634459 2023-12-31 13634459 2022-01-01 2022-12-31 13634459 2022-12-31 13634459 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13634459 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 13634459 bus:Director1 2023-01-01 2023-12-31 13634459 core:WithinOneYear 2023-12-31 13634459 core:WithinOneYear 2022-12-31 13634459 core:ShareCapital 2023-12-31 13634459 core:ShareCapital 2022-12-31 13634459 core:RetainedEarningsAccumulatedLosses 2023-12-31 13634459 core:RetainedEarningsAccumulatedLosses 2022-12-31 13634459 bus:OrdinaryShareClass1 core:ShareCapital 2023-12-31 13634459 bus:OrdinaryShareClass1 core:ShareCapital 2022-12-31 13634459 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 13634459 core:Non-currentFinancialInstruments 2023-12-31 13634459 core:Non-currentFinancialInstruments 2022-12-31 13634459 bus:SmallEntities 2023-01-01 2023-12-31 13634459 bus:Audited 2023-01-01 2023-12-31 13634459 bus:FullAccounts 2023-01-01 2023-12-31 13634459 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13634459 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13634459 core:AllSubsidiaries 2023-01-01 2023-12-31
Company registration number: 13634459
F62 Holding Limited
Filleted financial statements
31 December 2023
F62 Holding Limited
Contents
Statement of financial position
Notes to the financial statements
F62 Holding Limited
Statement of financial position
31 December 2023
31/12/23 31/12/22
Note £ £ £ £
Fixed assets
Investments 5 10,140,681 10,140,681
_______ _______
10,140,681 10,140,681
Current assets
Debtors 6 733 9,869
Cash at bank and in hand 96,006 105,352
_______ _______
96,739 115,221
Creditors: amounts falling due
within one year 7 ( 3,045,557) ( 2,017,360)
_______ _______
Net current liabilities ( 2,948,818) ( 1,902,139)
_______ _______
Total assets less current liabilities 7,191,863 8,238,542
_______ _______
Net assets 7,191,863 8,238,542
_______ _______
Capital and reserves
Called up share capital 8 7,336,212 8,336,212
Profit and loss account ( 144,349) ( 97,670)
_______ _______
Shareholders funds 7,191,863 8,238,542
_______ _______
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Mr S Hakami
Director
Company registration number: 13634459
F62 Holding Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 73 Cornhill, London, EC3V 3QQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Going concern
At the time of approving the financial statements, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loan and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 January 2023 and 31 December 2023 10,140,681 10,140,681
_______ _______
Impairment
At 1 January 2023 and 31 December 2023 - -
_______ _______
Carrying amount
At 31 December 2023 10,140,681 10,140,681
_______ _______
At 31 December 2022 10,140,681 10,140,681
_______ _______
6. Debtors
31/12/23 31/12/22
£ £
Trade debtors - 6,367
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 3,500
Other debtors 733 2
_______ _______
733 9,869
_______ _______
7. Creditors: amounts falling due within one year
31/12/23 31/12/22
£ £
Trade creditors 20,963 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,018,794 2,010,708
Social security and other taxes - 4,902
Other creditors 5,800 1,750
_______ _______
3,045,557 2,017,360
_______ _______
8. Called up share capital
Issued, called up and fully paid
31/12/23 31/12/22
No £ No £
Ordinary share shares of £ 1.00 each 7,336,212 7,336,212 8,336,212 8,336,212
_______ _______ _______ _______
9. Summary audit opinion
The auditor's report for the year dated 16 September 2024 was unqualified.
The senior statutory auditor was Ben Eley FCA for and on behalf of Barnett Ravenscroft Limited
10. Related party transactions
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 Section 1A, not to disclose related party transactions with wholly-owned subsidiaries within the group.
11. Controlling party
The parent of the company is SG Advanced Logistics AB, a company registered in Sweden, by virtue of its majority shareholding.