Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3true32023-01-01falsetruefalse 04481120 2023-01-01 2023-12-31 04481120 2022-01-01 2022-12-31 04481120 2023-12-31 04481120 2022-12-31 04481120 c:Director1 2023-01-01 2023-12-31 04481120 d:CurrentFinancialInstruments 2023-12-31 04481120 d:CurrentFinancialInstruments 2022-12-31 04481120 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04481120 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04481120 d:ShareCapital 2023-12-31 04481120 d:ShareCapital 2022-12-31 04481120 d:RetainedEarningsAccumulatedLosses 2023-12-31 04481120 d:RetainedEarningsAccumulatedLosses 2022-12-31 04481120 c:FRS102 2023-01-01 2023-12-31 04481120 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04481120 c:FullAccounts 2023-01-01 2023-12-31 04481120 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04481120 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 04481120


FAITHFUL GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FAITHFUL GROUP LIMITED
REGISTERED NUMBER: 04481120

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
4,086

  
-
4,086

Creditors: amounts falling due within one year
 5 
(28,476)
(29,113)

Net current liabilities
  
 
 
(28,476)
 
 
(25,027)

Total assets less current liabilities
  
(28,476)
(25,027)

  

Net liabilities
  
(28,476)
(25,027)


Capital and reserves
  

Called up share capital 
  
25,440
25,440

Profit and loss account
  
(53,916)
(50,467)

  
(28,476)
(25,027)


Page 1

 
FAITHFUL GROUP LIMITED
REGISTERED NUMBER: 04481120
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 year 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: 




................................................
Stephen James Dorrell
Director

Date: 29 October 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
FAITHFUL GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Faithful Group Limited is a private limited company incorporated in England & Wales, limited by share capital, registered number 04481120. The registered office is 1 Vincent Square, London, SW1P 2PN.

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

Going concern

The directors have discussed in detail, and believe that is it appropriate to prepare the financial
statement on the going concern basis, which assumes that the company will continue in operational
existence for the foreseeable future.
The directors have reviewed budgets and forecasts for a period of 12 months from approval of the
accounts and it is of their opinion that the company can continue as a going concern for the
forseeable future.

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 3

 
FAITHFUL GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
-
4,086

-
4,086



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
51

Trade creditors
-
3,957

Corporation tax
7,346
6,565

Other creditors
17,200
14,800

Accruals and deferred income
3,930
3,740

28,476
29,113



6.


Related party transactions

At the balance sheet date there was an amount of £0 (2022 - £4,086) owed from companies under common control. There is no interest charged and no fixed date for repayment.
At the balance sheet date there was an amount of £13,830 (2022 - £11,470) owed to companies under common control. There is no interest charged and no fixed date for repayment.
At the balance sheet date there was an amount of £3,370 (2022 - £3,330) owed to directors. There is no interest charged and no fixed date for repayment.

Page 4