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
FLC HOLDINGS LTD
Statement of financial position
as at 29 February 2024
Intangible assets
126,611
144,698
Investments
1,829,128
1,829,128
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)
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
FLC HOLDINGS LTD
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 29 February 2024
180,872
Charge for the year
18,087
At 29 February 2024
54,261
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
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
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).