1 March 2023 false No description of principal activity Taxfiler 2024.6 13534267business:PrivateLimitedCompanyLtd2023-03-012024-02-29 135342672023-02-28 13534267business:EntityNoLongerTradingButTradedInPast2023-03-012024-02-29 135342672023-03-012024-02-29 13534267business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 13534267business:FilletedAccounts2023-03-012024-02-29 135342672024-02-29 135342672023-02-28 13534267core:WithinOneYear2024-02-29 13534267core:WithinOneYear2023-02-28 13534267core:AfterOneYear2024-02-29 13534267core:AfterOneYear2023-02-28 13534267core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13534267core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13534267core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13534267core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13534267core:PreviouslyStatedAmount2024-02-29 13534267core:PreviouslyStatedAmount2023-02-28 13534267business:SmallEntities2023-03-012024-02-29 13534267business:Director42023-03-012024-02-29 13534267countries:EnglandWales2023-03-012024-02-29 13534267business:RegisteredOffice2023-03-012024-02-29 13534267core:Goodwill2023-02-28 13534267core:Goodwill2024-02-29 13534267core:Goodwill2023-03-012024-02-29 135342672022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13534267 (England and Wales)
FLC HOLDINGS LTD Unaudited accounts for the year ended 29 February 2024
FLC HOLDINGS LTD Unaudited accounts Contents
Page
- 2 -
FLC HOLDINGS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
126,611 
144,698 
Investments
1,829,128 
1,829,128 
1,955,739 
1,973,826 
Current assets
Cash at bank and in hand
100 
100 
Creditors: amounts falling due within one year
(52,500)
(105,000)
Net current liabilities
(52,400)
(104,900)
Total assets less current liabilities
1,903,339 
1,868,926 
Creditors: amounts falling due after more than one year
(1,957,718)
(1,905,218)
Net liabilities
(54,379)
(36,292)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(54,479)
(36,392)
Shareholders' funds
(54,379)
(36,292)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Mr S Moore Director Company Registration No. 13534267
- 3 -
FLC HOLDINGS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
FLC HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 13534267. The registered office is 15 QUEENS DRIVE, TAUNTON, TA1 4XW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over 5 years on a straight line basis.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
180,872 
At 29 February 2024
180,872 
Amortisation
At 1 March 2023
36,174 
Charge for the year
18,087 
At 29 February 2024
54,261 
Net book value
At 29 February 2024
126,611 
At 28 February 2023
144,698 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2023
1,829,128 
Valuation at 29 February 2024
1,829,128 
- 4 -
FLC HOLDINGS LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
52,500 
105,000 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
1,762,718 
1,710,218 
Other creditors
195,000 
195,000 
1,957,718 
1,905,218 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -