Registered number: 13692457
FIRE SHIELD III LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 OCTOBER 2023
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FIRE SHIELD III LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FIRE SHIELD III LTD
FOR THE PERIOD ENDED 31 OCTOBER 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fire Shield III Ltd for the period ended 31 October 2023 which comprise the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given to us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of directors of Fire Shield III Ltd, as a body, in accordance with the terms of our engagement as detailed at wtca.co.uk/company-terms-conditions. Our work has been undertaken solely to prepare for your approval the financial statements of Fire Shield III Ltd and state those matters that we have agreed to state to them in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fire Shield III Ltd and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that Fire Shield III Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit or loss. You consider that Fire Shield III Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or review of the financial statements of Fire Shield III Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
30 October 2024
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FIRE SHIELD III LTD
REGISTERED NUMBER: 13692457
BALANCE SHEET
AS AT 31 OCTOBER 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 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:
The notes on pages 4 to 6 form part of these financial statements.
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FIRE SHIELD III LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2023
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Shares issued during the period
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The notes on pages 4 to 6 form part of these financial statements.
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Page 3
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FIRE SHIELD III LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
Fire Shield III Limited is a private company, limited by shares, and incorporated in England and Wales, registered number 13692457. The registered office address is: The Old Forge, The Street, Ewhurst, Surrey, GU6 7QD.
2.Accounting policies
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Basis of preparation of financial statements
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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 financial statements are presented in sterling, which is the functional currency of the Company and rounded to the nearest £
The following principal accounting policies have been applied:
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Compliance with accounting standards
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The financial statements have been prepared using FRS102, the financial reporting standard applicable in the UK and Republic of Ireland, including the disclosure and presentation requirements of Section 1A, applicable to small companies. There were no material departures from that standard.
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Investments in subsidiaries are measured at cost less accumulated impairment.
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The average monthly number of employees, including directors, during the period was 2 (2022 - 2).
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Page 4
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FIRE SHIELD III LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
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Investments in subsidiary companies
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Allotted, called up and fully paid
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34 (2022 - 34) AF shares of £0.50 each
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0 (2022 - 34) AP shares of £0.50 each
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34 (2022 - 34) BF shares of £0.50 each
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0 (2022 - 2) BP shares of £0.50 each
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2 (2022 - 2) CF shares of £0.50 each
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0 (2022 - 2) CP shares of £0.50 each
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2 (2022 - 2) DF shares of £0.50 each
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0 (2022 - 2) DP shares of £0.50 each
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Page 5
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FIRE SHIELD III LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
5.Share capital (continued)
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In April 2023 the Company undertook a capital reduction, cancelling the AP,BP,CP and DP shares.
The AF & BF shares have the rights to participate in the benefits of a subsidiary company but not the benefits of the property held by the Company. Each share carries 1 voting right and can participate in dividends declared by the Company. These shares can participate in any surplus on winding up of the Company.of the property held by the Company.
The CF & DF shares have the rights to participate in the benefits of a subsidiary company but not the benefits of the property held by the Company. The shares have no voting rights but can participate in dividends declared by the Company. These shares can participate in any surplus on winding up of the Company.
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Profit and loss account
The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.
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Related party transactions
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The Company has taken advantage of Section 33 paragraph 1A not to disclose transactions with wholly owned group members.
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The parent company is Fire Shield EOT Ltd, a company registered in England and Wales. The registered office is: The Old Forge, The Street, Ewhurst, Surrey, United Kingdom, GU6 7QD.
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