Company registration number 03303558 (England and Wales)
FPP GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
FPP GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FPP GROUP LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
10,000
10,000
Current assets
Debtors
5
94,120
94,120
Creditors: amounts falling due within one year
6
(900)
(900)
Net current assets
93,220
93,220
Net assets
103,220
103,220
Capital and reserves
Called up share capital
7
28,831
28,831
Share premium account
15,612
15,612
Capital redemption reserve
27,277
27,277
Profit and loss reserves
31,500
31,500
Total equity
103,220
103,220

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 7 November 2024
Mr W E Rodger
Director
Company registration number 03303558 (England and Wales)
FPP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

FPP Group Limited is a private company limited by shares incorporated in England and Wales (Company Number: 03303558). The registered office is Felton House, The Courtyard, 1 Dinsdale Place, Sandyford, Newcastle upon Tyne, NE2 1BD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The company is supported by its subsidiary undertaking, FPP Design Limited, a trading company with a strong net asset position, no reliance on external funding and truea common director. The director of the company continues to believe that the going concern basis of accounting is appropriate in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and loans to fellow group companies, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
FPP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees

There were no individuals with service contracts employed by the company during the year (2023: nil).

3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
10,000
10,000
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2023 & 31 March 2024
10,000
Carrying amount
At 31 March 2024
10,000
At 31 March 2023
10,000
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2024 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
FPP Design Limited
England
Creative Marketing Communications
Ordinary
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Profit
Capital and Reserves
£
£
FPP Design Limited
33,870
741,199
FPP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
94,120
94,120

Amounts due from group undertakings are interest free and repayable on demand.

 

6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
900
900

Other creditors represents amounts due to group undertakings which are interest free and repayable on demand.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 10p each
228,250
228,250
22,825
22,825
Ordinary 'A' Shares of 10p each
60,060
60,060
6,006
6,006
288,310
288,310
28,831
28,831

 

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditors report was unqualified and there were no matters to which the auditor drew attention by way of emphasis.

The senior statutory auditor was Michael Parry.
The auditor was Ryecroft Glenton, 32 Portland Terrace, Newcastle upon Tyne, NE2 1QP.
2024-03-312023-04-01falsefalsefalse07 November 2024CCH SoftwareCCH Accounts Production 2024.300No description of principal activityMr W E Rodger0033035582023-04-012024-03-31033035582024-03-31033035582023-03-3103303558core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3103303558core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3103303558core:ShareCapital2024-03-3103303558core:ShareCapital2023-03-3103303558core:SharePremium2024-03-3103303558core:SharePremium2023-03-3103303558core:CapitalRedemptionReserve2024-03-3103303558core:CapitalRedemptionReserve2023-03-3103303558core:RetainedEarningsAccumulatedLosses2024-03-3103303558core:RetainedEarningsAccumulatedLosses2023-03-3103303558core:ShareCapitalOrdinaryShares2024-03-3103303558core:ShareCapitalOrdinaryShares2023-03-3103303558bus:Director12023-04-012024-03-310330355812023-04-012024-03-3103303558core:CurrentFinancialInstruments2024-03-3103303558core:CurrentFinancialInstruments2023-03-3103303558bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103303558bus:FRS1022023-04-012024-03-3103303558bus:Audited2023-04-012024-03-3103303558bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103303558bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP