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REGISTERED NUMBER: 14572745 (England and Wales)















FALCON VC LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

5 JANUARY 2023 TO 31 JANUARY 2024






FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 JANUARY 2023 TO 31 JANUARY 2024










Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


FALCON VC LIMITED

COMPANY INFORMATION
FOR THE PERIOD 5 JANUARY 2023 TO 31 JANUARY 2024







DIRECTORS: A Rutherford
C G Rutherford





REGISTERED OFFICE: 191 Stonhouse Street
London
SW4 6BB





REGISTERED NUMBER: 14572745 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

REPORT OF THE DIRECTORS
FOR THE PERIOD 5 JANUARY 2023 TO 31 JANUARY 2024


The directors present their report with the financial statements of the company for the period 5 January 2023 to 31 January 2024.

INCORPORATION
The company was incorporated on 5 January 2023 .

DIRECTORS
The directors who have held office during the period from 5 January 2023 to the date of this report are as follows:

A Rutherford - appointed 5 January 2023
C G Rutherford - appointed 9 March 2023

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Rutherford - Director


2 October 2024

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE PERIOD 5 JANUARY 2023 TO 31 JANUARY 2024

£   

TURNOVER 38,325

Cost of sales 37,005
GROSS PROFIT 1,320

Administrative expenses 24,546
OPERATING LOSS (23,226 )

Interest receivable and similar income 2,795
(20,431 )

Interest payable and similar expenses 34,938
LOSS BEFORE TAXATION (55,369 )

Tax on loss -
LOSS FOR THE FINANCIAL PERIOD (55,369 )


RETAINED EARNINGS AT END OF
PERIOD

(55,369

)

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

BALANCE SHEET
31 JANUARY 2024

Notes £   
CURRENT ASSETS
Stocks 4 833,838
Debtors 5 9,434
Cash at bank 3,373
846,645
CREDITORS
Amounts falling due within one year 6 572,265
NET CURRENT ASSETS 274,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,380

CREDITORS
Amounts falling due after more than one
year

7

329,748
NET LIABILITIES (55,368 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (55,369 )
(55,368 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





A Rutherford - Director


FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 JANUARY 2023 TO 31 JANUARY 2024


1. STATUTORY INFORMATION

Falcon VC 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.

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.

The financial statements are presented in Sterling (£).

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future
periods.

There are no judgements considered to have had a significant effect on amounts recognised in the financial statements.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.


FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 JANUARY 2023 TO 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the trade debtors and other debtors are stated at cost less impairment losses for bad and doubtful debts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. STOCKS
£   
Stocks 833,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,320
VAT 5,114
9,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 55,195
Amounts owed to group undertakings 494,000
Directors' current accounts 22,720
Accrued expenses 350
572,265

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans - 1-2 years 55,195
Bank loans - 2-5 years 274,553
329,748

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 JANUARY 2023 TO 31 JANUARY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2024:

£   
A Rutherford
Balance outstanding at start of period -
Amounts advanced 172,720
Amounts repaid (150,000 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 22,720