Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3032023-07-01falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11054799 2023-07-01 2024-06-30 11054799 2022-07-01 2023-06-30 11054799 2024-06-30 11054799 2023-06-30 11054799 c:Director2 2023-07-01 2024-06-30 11054799 d:ComputerEquipment 2023-07-01 2024-06-30 11054799 d:ComputerEquipment 2024-06-30 11054799 d:ComputerEquipment 2023-06-30 11054799 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11054799 d:CurrentFinancialInstruments 2024-06-30 11054799 d:CurrentFinancialInstruments 2023-06-30 11054799 d:Non-currentFinancialInstruments 2024-06-30 11054799 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11054799 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11054799 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11054799 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11054799 d:ShareCapital 2024-06-30 11054799 d:ShareCapital 2023-06-30 11054799 d:RetainedEarningsAccumulatedLosses 2024-06-30 11054799 d:RetainedEarningsAccumulatedLosses 2023-06-30 11054799 c:FRS102 2023-07-01 2024-06-30 11054799 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11054799 c:FullAccounts 2023-07-01 2024-06-30 11054799 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11054799 2 2023-07-01 2024-06-30 11054799 6 2023-07-01 2024-06-30 11054799 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11054799









FFT HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
FFT HOLDINGS LIMITED
REGISTERED NUMBER: 11054799

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
10,000
364,770

  
10,000
364,770

Current assets
  

Debtors: amounts falling due within one year
 6 
37,515
111,783

Cash at bank and in hand
 7 
2,197
2,412

  
39,712
114,195

Creditors: amounts falling due within one year
 8 
(27,693)
(302,708)

Net current assets/(liabilities)
  
 
 
12,019
 
 
(188,513)

Total assets less current liabilities
  
22,019
176,257

Creditors: amounts falling due after more than one year
 9 
(14,167)
(24,167)

  

Net assets
  
7,852
152,090


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
(2,148)
142,090

  
7,852
152,090


Page 1

 
FFT HOLDINGS LIMITED
REGISTERED NUMBER: 11054799
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 period 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 income and retained earnings 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 by: 

A Martin
Director

Date: 17 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

FFT Holdings Limited is a company incorporated in the United Kingdom under the Companies Act. The company is a private company limited by shares and is registered in England and Wales. The company's registered number is 11054799. The address of the registered office is 1 The Green, Richmond, Surrey, TW9 1PL.

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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

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.

 
2.10

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

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2023 - 3).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,819



At 30 June 2024

1,819



Depreciation


Charge for the period on owned assets
1,819



At 30 June 2024

1,819



Net book value



At 30 June 2024
-



At 30 June 2023
-

Page 5

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
364,770


Disposals
(334,370)



At 30 June 2024

30,400



Impairment


Charge for the period
20,400



At 30 June 2024

20,400

Page 6

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
11,539

Amounts owed by group undertakings
37,310
92,008

Other debtors
205
8,236

37,515
111,783



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,197
2,412

2,197
2,412



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
331
758

Amounts owed to group undertakings
-
270,134

Corporation tax
1,409
-

Other taxation and social security
4,571
9,685

Other creditors
9,382
10,131

Accruals and deferred income
2,000
2,000

27,693
302,708


Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and
are repayable on demand.

Page 7

 
FFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
14,167

14,167




 
Page 8