Falcone Technologies Group Ltd
Registered number: 07176656
Statement of Financial Position
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Financial assets 1,254 1,254
Current assets
Cash at bank and in hand 100 250
Creditors: amounts falling due within one year 3 (26,598) (25,830)
Net current liabilities (26,498) (25,580)
Net liabilities (25,244) (24,326)
Capital and reserves
Called up share capital 2 2
Profit and loss account (25,246) (24,328)
Shareholder's funds (25,244) (24,326)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Gaiba
Director
Approved by the board on 29 October 2024
Falcone Technologies Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as it is funded by a loan from a group company. The director of the group company is planning to continue this financial support for the company for the foreseeable future.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

Unlisted investments (other than investments in subsidiaries, associates and joint ventures) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

Changes in fair value/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 732 720
Amounts owed to group undertakings and undertakings in which the company has a participating interest 25,732 24,826
Other creditors 134 284
26,598 25,830
4 Other information
Falcone Technologies Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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