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REGISTERED NUMBER: 10576636 (England and Wales)







Unaudited Financial Statements

for the Period 1 February 2023 to 31 December 2023

for

FPC (Bath) Ltd

FPC (Bath) Ltd (Registered number: 10576636)






Contents of the Financial Statements
for the Period 1 February 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FPC (Bath) Ltd

Company Information
for the Period 1 February 2023 to 31 December 2023







DIRECTORS: Mr G Consiglio
Mrs F A Consiglio
Mr P Consiglio





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 10576636 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

FPC (Bath) Ltd (Registered number: 10576636)

Balance Sheet
31 December 2023

31.12.23 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 50,579 65,697
Investment property 5 3,775,000 3,650,000
3,825,579 3,715,697

CURRENT ASSETS
Debtors 6 355,061 175,100
Cash at bank and in hand 6,353 27,668
361,414 202,768
CREDITORS
Amounts falling due within one year 7 (961,567 ) (979,768 )
NET CURRENT LIABILITIES (600,153 ) (777,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,225,426 2,938,697

CREDITORS
Amounts falling due after more than one year 8 (2,275,949 ) (2,215,982 )

PROVISIONS FOR LIABILITIES (209,824 ) (138,588 )
NET ASSETS 739,653 584,127

CAPITAL AND RESERVES
Called up share capital 10 3 3
Fair value reserve 11 591,536 497,786
Retained earnings 11 148,114 86,338
SHAREHOLDERS' FUNDS 739,653 584,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

FPC (Bath) Ltd (Registered number: 10576636)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr G Consiglio - Director


FPC (Bath) Ltd (Registered number: 10576636)

Notes to the Financial Statements
for the Period 1 February 2023 to 31 December 2023

1. STATUTORY INFORMATION

FPC (Bath) Ltd 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 as modified by the revaluation of certain assets.

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 - 33.33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

FPC (Bath) Ltd (Registered number: 10576636)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 2,914 72,970 3,848 79,732
Disposals - - (2,798 ) (2,798 )
At 31 December 2023 2,914 72,970 1,050 76,934
DEPRECIATION
At 1 February 2023 2,586 7,601 3,848 14,035
Charge for period 138 14,980 - 15,118
Eliminated on disposal - - (2,798 ) (2,798 )
At 31 December 2023 2,724 22,581 1,050 26,355
NET BOOK VALUE
At 31 December 2023 190 50,389 - 50,579
At 31 January 2023 328 65,369 - 65,697

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 3,650,000
Revaluations 125,000
At 31 December 2023 3,775,000
NET BOOK VALUE
At 31 December 2023 3,775,000
At 31 January 2023 3,650,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 665,332
Valuation in 2023 (1,618 )
Valuation in 2023 125,000
Cost 2,986,286
3,775,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.1.23
£    £   
Cost 2,986,286 2,986,286

Investment property was valued on an open market basis on 31 December 2023 by the directors .

FPC (Bath) Ltd (Registered number: 10576636)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.1.23
£    £   
Trade debtors 1,300 750
Other debtors 353,761 174,350
355,061 175,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.1.23
£    £   
Bank loans and overdrafts 5,800 5,800
Tax 36,514 -
Other creditors 21,735 25,201
Directors' current accounts 895,824 947,152
Accruals and deferred income 1,694 1,615
961,567 979,768

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.1.23
£    £   
Bank loans - 1-2 years 5,800 5,800
Bank loans - 2-5 years 2,417 7,733
Bank loans more 5 yr by instal 2,267,732 2,202,449
2,275,949 2,215,982

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,267,732 2,202,449

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.1.23
£    £   
Bank loans 2,267,732 2,202,449

Bank loans to the value of £2,267,732 (2023: £2,202,449) are secured against the companies' assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.1.23
value: £    £   
3 Ordinary £1 3 3

FPC (Bath) Ltd (Registered number: 10576636)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 December 2023

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 86,338 497,786 584,124
Profit for the period 155,526 - 155,526
Assets revalued in period (93,750 ) 93,750 -
At 31 December 2023 148,114 591,536 739,650