Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true3No description of principal activity2023-04-01false2truefalse 11963305 2023-04-01 2024-03-31 11963305 2022-04-01 2023-03-31 11963305 2024-03-31 11963305 2023-03-31 11963305 c:Director1 2023-04-01 2024-03-31 11963305 d:CurrentFinancialInstruments 2024-03-31 11963305 d:CurrentFinancialInstruments 2023-03-31 11963305 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11963305 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11963305 d:ShareCapital 2024-03-31 11963305 d:ShareCapital 2023-03-31 11963305 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11963305 c:OrdinaryShareClass1 2024-03-31 11963305 c:OrdinaryShareClass1 2023-03-31 11963305 c:FRS102 2023-04-01 2024-03-31 11963305 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11963305 c:FullAccounts 2023-04-01 2024-03-31 11963305 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11963305 2 2023-04-01 2024-03-31 11963305 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11963305









FPC (STANTON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FPC (STANTON) LIMITED
REGISTERED NUMBER: 11963305

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,786,972
2,371,794

Debtors
  
24,000
-

  
2,810,972
2,371,794

Creditors: amounts falling due within one year
 5 
(2,810,872)
(2,371,694)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 6 
100
100

  
100
100


Page 1

 
FPC (STANTON) LIMITED
REGISTERED NUMBER: 11963305
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 year 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 comprehensive income 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: 




B Lansman
Director

Date: 12 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FPC (STANTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

FPC (Stanton) Limited is a private company limited by shares, incorporated in England and Wales (registered number: 11963305).
The registered office is 101 New Cavendish Street, London, W1W 6XH, and the principal place of business address is 14-16 Great Pulteney Street, London, W1F 9ND.
The principal activity of the company is property investment.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
FPC (STANTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).


4.


Stocks

2024
2023
£
£

Work in progress
2,786,972
2,371,794

2,786,972
2,371,794



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
20,764
(386)

Amounts owed to group undertakings
2,730,119
2,153,661

Other taxation and social security
-
592

Accruals and deferred income
59,989
217,827

2,810,872
2,371,694


Page 4

 
FPC (STANTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

Included within creditors is £2,730,119 (2023: £2,153,661) due to related parties.

 
Page 5