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REGISTERED NUMBER: 07556702 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FCM Leisure Limited

FCM Leisure Limited (Registered number: 07556702)






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


FCM Leisure Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs F Cacace-Mistry
J P Mistry





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 07556702 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

FCM Leisure Limited (Registered number: 07556702)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,850 3,850
Tangible assets 5 687 881
4,537 4,731

CURRENT ASSETS
Debtors 6 389,711 358,941
Cash at bank 17,595 43,034
407,306 401,975
CREDITORS
Amounts falling due within one year 7 251,733 163,527
NET CURRENT ASSETS 155,573 238,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,110

243,179

PROVISIONS FOR LIABILITIES 131 167
NET ASSETS 159,979 243,012

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,879 242,912
SHAREHOLDERS' FUNDS 159,979 243,012

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 by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mrs F Cacace-Mistry - Director


FCM Leisure Limited (Registered number: 07556702)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

FCM Leisure 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable of the company performing arts activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Computer equipment - 25% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

FCM Leisure Limited (Registered number: 07556702)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 6,902
AMORTISATION
At 1 April 2023
and 31 March 2024 3,052
NET BOOK VALUE
At 31 March 2024 3,850
At 31 March 2023 3,850

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 9,280
Additions 779
At 31 March 2024 10,059
DEPRECIATION
At 1 April 2023 8,399
Charge for year 973
At 31 March 2024 9,372
NET BOOK VALUE
At 31 March 2024 687
At 31 March 2023 881

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 10,200
Other debtors 389,711 348,741
389,711 358,941

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,463 881
Taxation and social security 805 8,000
Other creditors 249,465 154,646
251,733 163,527

FCM Leisure Limited (Registered number: 07556702)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs F Cacace-Mistry
Balance outstanding at start of year 190,039 188,684
Amounts advanced 67,393 51,694
Amounts repaid (49,364 ) (50,339 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 208,068 190,039

J P Mistry
Balance outstanding at start of year 100,843 99,487
Amounts advanced 67,392 51,694
Amounts repaid (49,364 ) (50,338 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118,871 100,843

The maximum amount outstanding during the year and due to the company by the directors was £330,229.
No interest was paid during the year on these balances.

9. RELATED PARTY DISCLOSURES

Included in creditors at the balance sheet date is an amount of £247,301 (2023 - £152,570) due to Barn Leisure Limited, a company controlled by the directors of this company.