Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-05-01falseNo description of principal activity1 SC765894 2023-04-30 SC765894 2023-05-01 2024-04-30 SC765894 2022-05-01 2023-04-30 SC765894 2024-04-30 SC765894 c:Director1 2023-05-01 2024-04-30 SC765894 c:Director1 2024-04-30 SC765894 c:RegisteredOffice 2023-05-01 2024-04-30 SC765894 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 SC765894 d:FreeholdInvestmentProperty 2024-04-30 SC765894 d:CurrentFinancialInstruments 2024-04-30 SC765894 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC765894 d:ShareCapital 2024-04-30 SC765894 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC765894 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC765894 c:OrdinaryShareClass1 2024-04-30 SC765894 c:FRS102 2023-05-01 2024-04-30 SC765894 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC765894 c:FullAccounts 2023-05-01 2024-04-30 SC765894 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC765894 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC765894










FOUNTAINBRIDGE HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
FOUNTAINBRIDGE HOLDINGS LIMITED
 

COMPANY INFORMATION


Director
Mr A T Dumbreck (appointed 13 April 2023)




Registered number
SC765894



Registered office
131/6 Fountainbridge

Edinburgh

EH3 9QG




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
FOUNTAINBRIDGE HOLDINGS LIMITED
REGISTERED NUMBER: SC765894

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
£

Fixed assets
  

Investment property
 4 
113,380

  
113,380

Current assets
  

Debtors: amounts falling due within one year
 5 
475

Cash at bank and in hand
  
5,679

  
6,154

Creditors: amounts falling due within one year
 6 
(121,460)

Net current (liabilities)/assets
  
 
 
(115,306)

Total assets less current liabilities
  
(1,926)

  

Net (liabilities)/assets
  
(1,926)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(2,026)

  
(1,926)


Page 1

 
FOUNTAINBRIDGE HOLDINGS LIMITED
REGISTERED NUMBER: SC765894

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers 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 director acknowledges his 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 income and retained earnings 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: 




Mr A T Dumbreck
Director

Date: 9 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FOUNTAINBRIDGE HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Fountainbridge Holdings Limited is a private company, limited by shares, incorporated in Scotland with registration number SC765894. The registered office is 131/6 Fountainbridge, Edinburgh, EH3 9QG.
The Company was incorporated on 13 April 2023 and began trading on 6 July 2023.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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

Turnover

Rental income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the rental income can be reliably measured. Rental income 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 rental income is recognised:

Rendering of services

Rental income 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 rental income 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.

Page 3

 
FOUNTAINBRIDGE HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including directors, during the year was 1.

Page 4

 
FOUNTAINBRIDGE HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
113,380



At 30 April 2024
113,380

The 2024 valuations were made by the director, on an open market value for existing use basis.







5.


Debtors

2024
£


Deferred taxation
475



6.


Creditors: Amounts falling due within one year

2024
£

Other creditors
119,900

Accruals and deferred income
1,560

121,460


Page 5

 
FOUNTAINBRIDGE HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares shares of £1.00 each
100


At the date of incorporation, the Company was incorporated with 100 Ordinary shares of a nominal value of £100.


Page 6