F8 Holding Company NI672618 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is investment Digita Accounts Production Advanced 6.30.9574.0 true false true NI672618 2023-01-01 2023-12-31 NI672618 2023-12-31 NI672618 bus:OrdinaryShareClass1 2023-12-31 NI672618 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 NI672618 core:Non-currentFinancialInstruments 2023-12-31 NI672618 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 NI672618 core:CostValuation 2023-12-31 NI672618 core:DisposalsDecreaseInInvestments 2023-12-31 NI672618 bus:SmallEntities 2023-01-01 2023-12-31 NI672618 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI672618 bus:FilletedAccounts 2023-01-01 2023-12-31 NI672618 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI672618 bus:RegisteredOffice 2023-01-01 2023-12-31 NI672618 bus:Director1 2023-01-01 2023-12-31 NI672618 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 NI672618 bus:OtherUK 2023-01-01 2023-12-31 NI672618 countries:NorthernIreland 2023-01-01 2023-12-31 NI672618 core:CostValuation 2022-12-31 NI672618 2022-01-01 2022-12-31 NI672618 2022-12-31 NI672618 bus:OrdinaryShareClass1 2022-12-31 NI672618 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 NI672618 core:Non-currentFinancialInstruments 2022-12-31 NI672618 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI672618

F8 Holding Company

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

F8 Holding Company

(Registration number: NI672618)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment in subsidiary

4

-

1,000

Investment portfolio

5

339,823

389,417

 

339,823

390,417

Current assets

 

Cash at bank and in hand

 

-

46

Creditors: Amounts falling due within one year

6

(1,500)

(160,046)

Net current liabilities

 

(1,500)

(160,000)

Total assets less current liabilities

 

338,323

230,417

Creditors: Amounts falling due after more than one year

6

(331,010)

-

Net assets

 

7,313

230,417

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

6,313

229,417

Shareholders' funds

 

7,313

230,417

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

F8 Holding Company

(Registration number: NI672618)
Balance Sheet as at 31 December 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 September 2024
 

.........................................
Mr Alistair Smyth
Director

 

F8 Holding Company

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private unlimited company, incorporated in Northern Ireland.

The address of its registered office is: 38A Craigs Rd, Cullybackey, Ballymena, Co. Antrim, BT42 1PF.

These financial statements were authorised for issue by the director on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

F8 Holding Company

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2022 - 2).

 

F8 Holding Company

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Investment in subsidiary

2023
£

2022
£

Investment in subsidiary

-

1,000

£

Cost or valuation

At 1 January 2023

1,000

Disposals

(1,000)

At 31 December 2023

-

Carrying amount

At 31 December 2023

-

At 31 December 2022

1,000

5

Investment portfolio

Total
£

Cost or valuation

At 1 January 2023

389,417

Revaluations

(49,594)

At 31 December 2023

339,823

Carrying amount

At 31 December 2023

339,823

 

F8 Holding Company

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to subsidiary

-

160,046

Accruals and deferred income

1,500

-

1,500

160,046

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

331,010

-

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Director's current account

331,010

-