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Registration number: SC497312

Fat Stock Group Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Fat Stock Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Fat Stock Group Limited

Company Information

Directors

Mr J Elles

Mrs A Elles

Registered office

Unit 17 Clashburn Road
Bridgend Industrial Estate
Kinross
KY13 8GB

Accountants

Ross McConnell
Chartered Accountant
3 High Street
Kinross
KY13 8AW

 

Fat Stock Group Limited

(Registration number: SC497312)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed Assets

 

Investments

4

200

200

Current assets

 

Debtors

5

2

2

Creditors: Amounts falling due within one year

6

(200)

(200)

Net current liabilities

 

(198)

(198)

Net assets

 

2

2

Capital and reserves

 

Called up share capital

7

2

2

Shareholders' funds

 

2

2

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

 

Fat Stock Group Limited

(Registration number: SC497312)
Balance Sheet as at 29 February 2024

.........................................
Mr J Elles
Director

.........................................
Mrs A Elles
Director

 

Fat Stock Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 17 Clashburn Road
Bridgend Industrial Estate
Kinross
KY13 8GB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity..

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Fat Stock Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

200

200

Subsidiaries

£

Cost or valuation

At 1 March 2023

200

Provision

Carrying amount

At 29 February 2024

200

At 28 February 2023

200

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Fat Stock Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

The Laughing Stock Limited

Unit 4 Bowhouse
St Monans
Anstruther
KY10 2DB

Scotland

Ordinary

100%

100%

Stocks Events Limited

Unit 4 Bowhouse
St Monans
Anstruther
KY10 2DB

Scotland

Ordinary

100%

100%

Subsidiary undertakings

The Laughing Stock Limited

The principal activity of The Laughing Stock Limited is Take-away food shops.

Stocks Events Limited

The principal activity of Stocks Events Limited is Dormant.

 

Fat Stock Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

2

2

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

200

200

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2