Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3122023-02-01falseBusiness support services2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13136427 2023-02-01 2024-01-31 13136427 2022-02-01 2023-01-31 13136427 2024-01-31 13136427 2023-01-31 13136427 2022-02-01 13136427 c:PriorPeriodIncreaseDecrease 2022-02-01 2023-01-31 13136427 d:Director1 2023-02-01 2024-01-31 13136427 c:CurrentFinancialInstruments 2024-01-31 13136427 c:CurrentFinancialInstruments 2023-01-31 13136427 c:Non-currentFinancialInstruments 2024-01-31 13136427 c:Non-currentFinancialInstruments 2023-01-31 13136427 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 13136427 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 13136427 c:Non-currentFinancialInstruments c:AfterOneYear 2024-01-31 13136427 c:Non-currentFinancialInstruments c:AfterOneYear 2023-01-31 13136427 c:ShareCapital 2024-01-31 13136427 c:ShareCapital 2023-01-31 13136427 c:ShareCapital 2022-02-01 13136427 c:SharePremium 2023-02-01 2024-01-31 13136427 c:SharePremium 2024-01-31 13136427 c:SharePremium 2022-02-01 2023-01-31 13136427 c:SharePremium 2023-01-31 13136427 c:SharePremium c:PriorPeriodIncreaseDecrease 2022-02-01 2023-01-31 13136427 c:SharePremium 2022-02-01 13136427 c:OtherMiscellaneousReserve 2023-02-01 2024-01-31 13136427 c:OtherMiscellaneousReserve 2024-01-31 13136427 c:OtherMiscellaneousReserve 2022-02-01 2023-01-31 13136427 c:OtherMiscellaneousReserve 2023-01-31 13136427 c:OtherMiscellaneousReserve c:PriorPeriodIncreaseDecrease 2022-02-01 2023-01-31 13136427 c:OtherMiscellaneousReserve 2022-02-01 13136427 c:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 13136427 c:RetainedEarningsAccumulatedLosses 2024-01-31 13136427 c:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 13136427 c:RetainedEarningsAccumulatedLosses 2023-01-31 13136427 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2022-02-01 2023-01-31 13136427 c:RetainedEarningsAccumulatedLosses 2022-02-01 13136427 d:FRS102 2023-02-01 2024-01-31 13136427 d:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13136427 d:FullAccounts 2023-02-01 2024-01-31 13136427 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13136427 2 2023-02-01 2024-01-31 13136427 6 2023-02-01 2024-01-31 13136427 e:PoundSterling 2023-02-01 2024-01-31 13136427 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2022-02-01 2023-01-31 13136427 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2022-02-01 13136427 c:PreviouslyStatedAmount 2022-02-01 iso4217:GBP xbrli:pure
Registered number: 13136427






FALCO KINGSBRIDGE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










img19e4.png

 
FALCO KINGSBRIDGE LIMITED
REGISTERED NUMBER:13136427

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
19,286
19,286

  
19,286
19,286

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
2,311,732

Debtors: amounts falling due within one year
 5 
-
17,751

  
-
2,329,483

Creditors: amounts falling due within one year
 6 
(9,327)
(24,914)

Net current (liabilities)/assets
  
 
 
(9,327)
 
 
2,304,569

Total assets less current liabilities
  
9,959
2,323,855

Creditors: amounts falling due after more than one year
 7 
(1,788,276)
(1,540,616)

  

Net (liabilities)/assets
  
(1,778,317)
783,239


Capital and reserves
  

Called up share capital 
  
119
119

Share premium account
 8 
1,909
1,909

Other reserves
 8 
138,383
386,044

Profit and loss account
 8 
(1,918,728)
395,167

  
(1,778,317)
783,239


Page 1

 
FALCO KINGSBRIDGE LIMITED
REGISTERED NUMBER:13136427
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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: 




R S Anderson
Director

Date: 22 January 2025

Page 2

 
FALCO KINGSBRIDGE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£


At 1 February 2022 (as previously stated)
119
1,909
599,406
259,486
860,920

Prior year adjustment - correction of error
-
-
-
(79,779)
(79,779)


At 1 February 2022 (as restated)
119
1,909
599,406
179,707
781,141



Profit for the year
-
-
-
2,098
2,098

Capital contribution
-
-
(213,362)
213,362
-



At 1 February 2023
119
1,909
386,044
395,167
783,239



Loss for the year
-
-
-
(2,561,556)
(2,561,556)

Transfer to/from profit and loss account
-
-
(247,661)
247,661
-


At 31 January 2024
119
1,909
138,383
(1,918,728)
(1,778,317)


Page 3

 
FALCO KINGSBRIDGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Falco Kingsbridge Limited is a private limited company, registered in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB. 
The principal activity of the company continued to be that of the investment in a project for the acquisition of land and development of residential properties.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a basis other than going concern on account of the net liabilities and the company ceasing to trade post year end.

 
2.3

Revenue

Turnover comprises interest receivable on amounts loaned to group undertakings.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans 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.

 
2.7

Creditors

Short-term creditors 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.

Page 4

 
FALCO KINGSBRIDGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
19,286



At 31 January 2024
19,286




Page 5

 
FALCO KINGSBRIDGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
-
2,311,732

-
2,311,732


2024
2023
£
£

Due within one year

Other debtors
-
17,751

-
17,751



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
6,927
21,114

Accruals and deferred income
2,400
3,800

9,327
24,914



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
1,788,276
1,540,616

1,788,276
1,540,616


Page 6

 
FALCO KINGSBRIDGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Reserves

Share premium account

The share premium reserve represents the amount above the nominal value received for shares sold, less transaction costs.

Other reserves

The company has shares issued at a premium and a loan from each of the shareholders.  The loan did not have any interest attached to it and in accordance with FRS102 the loan has been discounted to present value.  The difference between the amount received and the present value has been recognised as a capital contribution in other reserves.  The reserves in respect of the capital contribution are not distributable.  An annual transfer to the profit and loss account for the amount that has been realised is made at each year end.

Profit and loss account

The profit and loss reserve comprises the cumulative retained profit and losses. All reserves in respect of profit and loss are distributable.

 
Page 7