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REGISTERED NUMBER: 07839025 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FTFM HOLDINGS LIMITED

FTFM HOLDINGS LIMITED (REGISTERED NUMBER: 07839025)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FTFM HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L F Morris
M J Subert
H F Carey





REGISTERED OFFICE: 77 Mount Ephraim
Tunbridge Wells
TN4 8BS





REGISTERED NUMBER: 07839025 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

FTFM HOLDINGS LIMITED (REGISTERED NUMBER: 07839025)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 927,000 927,000

CURRENT ASSETS
Debtors 5 38,150 38,150
NET CURRENT ASSETS 38,150 38,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

965,150

965,150

CAPITAL AND RESERVES
Called up share capital 6 662 1,076
Share premium 7 38,074 38,074
Capital redemption reserve 7 414 -
Retained earnings 7 926,000 926,000
SHAREHOLDERS' FUNDS 965,150 965,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:





L F Morris - Director


FTFM HOLDINGS LIMITED (REGISTERED NUMBER: 07839025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

FTFM Holdings Limited 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. The principal activity of FTFM Holdings Limited is that of activities of a holding company of a financial services group.

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.

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves.

Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Share based payment
The company issues share options to certain employees of the group. The key terms of the arrangement are disclosed in the notes.

Recognition of income
Dividends paid and received are included in the company financial statements in the period in which the related dividends are actually paid or received or, in respect of the company's final dividend for the year, approved by shareholders.

Investments
Investments are valued at cost less impairment.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

FTFM HOLDINGS LIMITED (REGISTERED NUMBER: 07839025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 927,000
NET BOOK VALUE
At 31 March 2024 927,000
At 31 March 2023 927,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Northchapel Investments Limited
Registered office: 77 Mount Ephraim, Tunbridge Wells, TN4 8BS
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1

The directors consider the company to be dormant.

Fast Track Financial Management Limited
Registered office: 77 Mount Ephraim, Tunbridge Wells, TN4 8BS
Nature of business: Non trading holding company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1

The directors consider the company to be dormant.

AV Trinity Limited
Registered office: 77 Mount Ephraim, Tunbridge Wells, TN4 8BS
Nature of business: Investment and financial planning adviser
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 683,352 1,133,809
Profit for the year 66,393 34,641

All of the above companies are registered in England and Wales.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 38,150 38,150

FTFM HOLDINGS LIMITED (REGISTERED NUMBER: 07839025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,621 Ordinary £0.10 662 1,076

During the year, 1,036 shares were repurchased by the company for £100 per share and a further 3,106 shares were repurchased by the company for £125 per share.

Last year, 763 ordinary £0.10 shares were issued at a premium of £49.90 per share.

7. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 926,000 38,074 - 964,074
Profit for the year 516,850 516,850
Dividends (25,000 ) (25,000 )
Purchase of own shares (491,850 ) - 414 (491,436 )
At 31 March 2024 926,000 38,074 414 964,488

8. RELATED PARTY DISCLOSURES

No disclosure has been made of transactions with group undertakings where 100% or more of the voting rights are controlled within the group.

9. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate controlling party to be The Karen Vidler Discretionary Trust.

10. SHARE-BASED PAYMENT TRANSACTIONS

In the past, the company has granted share option to certain employees of the group. The options only vested upon the sale or change of control of the group or a key subsidiary of the group and their exercise price was £50 each if the option holder remained an employee of the group.

During the prior year, 763 options were exercised, whilst the remaining 676 lapsed.

The directors concluded previously that the value of these options were not material and therefore no provision was previously made.