Foraco UK Limited
Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 08138613 (England and Wales)
Foraco UK Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Foraco UK Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
-
0
436,683
Cash at bank and in hand
4,074
15,299
4,074
451,982
Creditors: amounts falling due within one year
4
(3,529)
(1,041)
Net current assets
545
450,941
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
543
450,939
Total equity
545
450,941

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 December 2024 and are signed on its behalf by:
F M Sevestre
Director
Company Registration No. 08138613
Foraco UK Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information

Foraco UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, 239 High Street Kensington, London, W8 6SN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirement of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements, which are those of Foraco UK Limited as an individual entity, have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The company has ceased activity in the period ended 31 March 2023. The directors intend to retain the company as dormant for the foreseeable future until further activity is identified for the company or the decision is taken to wind it up.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans and other debtors receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors and other current creditors payable on demand 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.

1.5

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Foraco UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
436,683
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
3,228
-
0
Corporation tax
-
0
171
Other creditors
301
870
3,529
1,041
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Andrew Grieve
Statutory Auditor:
Moore Kingston Smith LLP
7
Related party transactions
Foraco UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
7
Related party transactions
(Continued)
Page 4

The company has taken advantage of the exemption from disclosing transactions with members within a wholly owned group.

 

The directors, who are also directors of other group companies, are remunerated elsewhere in the group.

8
Parent company

The parent undertaking is Foraco International SA Consolidated financial statements of the parent company can be obtained from 26 Plage de I'Estaque, 13016 Marseille, France.

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