IRIS Accounts Production v24.2.0.383 08439194 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084391942023-03-31084391942024-03-31084391942023-04-012024-03-31084391942022-03-31084391942022-04-012023-03-31084391942023-03-3108439194ns15:EnglandWales2023-04-012024-03-3108439194ns14:PoundSterling2023-04-012024-03-3108439194ns10:Director12023-04-012024-03-3108439194ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108439194ns10:SmallEntities2023-04-012024-03-3108439194ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108439194ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108439194ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108439194ns10:FullAccounts2023-04-012024-03-3108439194ns10:Director22023-04-012024-03-3108439194ns10:Director32023-04-012024-03-3108439194ns10:RegisteredOffice2023-04-012024-03-3108439194ns5:CurrentFinancialInstruments2024-03-3108439194ns5:CurrentFinancialInstruments2023-03-3108439194ns5:ShareCapital2024-03-3108439194ns5:ShareCapital2023-03-3108439194ns5:SharePremium2024-03-3108439194ns5:SharePremium2023-03-3108439194ns5:CapitalRedemptionReserve2024-03-3108439194ns5:CapitalRedemptionReserve2023-03-3108439194ns5:RetainedEarningsAccumulatedLosses2024-03-3108439194ns5:RetainedEarningsAccumulatedLosses2023-03-3108439194ns5:FurnitureFittings2023-04-012024-03-3108439194ns5:ComputerEquipment2023-04-012024-03-3108439194ns5:FurnitureFittings2023-03-3108439194ns5:ComputerEquipment2023-03-3108439194ns5:FurnitureFittings2024-03-3108439194ns5:ComputerEquipment2024-03-3108439194ns5:FurnitureFittings2023-03-3108439194ns5:ComputerEquipment2023-03-3108439194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108439194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08439194 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FITZ PARTNERS LIMITED

FITZ PARTNERS LIMITED (REGISTERED NUMBER: 08439194)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FITZ PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr H C Gillibert
Mr D Thomas
Ms L Guthrie





REGISTERED OFFICE: 45 Whitfield Street
Fitzrovia
London
W1T 4HD





REGISTERED NUMBER: 08439194 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

FITZ PARTNERS LIMITED (REGISTERED NUMBER: 08439194)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,515 2,628

CURRENT ASSETS
Debtors 5 641,109 569,589
Cash at bank 1,471,820 1,175,947
2,112,929 1,745,536
CREDITORS
Amounts falling due within one year 6 1,016,360 892,481
NET CURRENT ASSETS 1,096,569 853,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,107,084

855,683

PROVISIONS FOR LIABILITIES 2,629 657
NET ASSETS 1,104,455 855,026

CAPITAL AND RESERVES
Called up share capital 84 84
Share premium 10,287 10,287
Capital redemption reserve 20 20
Retained earnings 1,094,064 844,635
1,104,455 855,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mr H C Gillibert - Director


FITZ PARTNERS LIMITED (REGISTERED NUMBER: 08439194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Fitz Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

FITZ PARTNERS LIMITED (REGISTERED NUMBER: 08439194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 4,509 24,571 29,080
Additions 12,042 1,060 13,102
Disposals (3,936 ) - (3,936 )
At 31 March 2024 12,615 25,631 38,246
DEPRECIATION
At 1 April 2023 2,684 23,768 26,452
Charge for year 3,191 919 4,110
Eliminated on disposal (2,831 ) - (2,831 )
At 31 March 2024 3,044 24,687 27,731
NET BOOK VALUE
At 31 March 2024 9,571 944 10,515
At 31 March 2023 1,825 803 2,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 567,268 515,468
Other debtors 73,841 54,121
641,109 569,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 817 935
Taxation and social security 358,237 288,904
Other creditors 657,306 602,642
1,016,360 892,481

7. LEASING AGREEMENTS
At 31 March 2024 the company was committed to making payments of £947,700 (2023: £99,330) under non-cancellable operating leases.