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REGISTERED NUMBER: 06057611 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Fircastle Limited

Fircastle Limited (Registered number: 06057611)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fircastle Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: E D Jones





REGISTERED OFFICE: The Point Clinic
1 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ





REGISTERED NUMBER: 06057611 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Fircastle Limited (Registered number: 06057611)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,993 4,637
Investments 5 100 100
Investment property 6 334,272 334,272
338,365 339,009

CURRENT ASSETS
Debtors 7 620,971 557,158
Cash at bank and in hand 25,308 33,636
646,279 590,794
CREDITORS
Amounts falling due within one year 8 687,476 618,419
NET CURRENT LIABILITIES (41,197 ) (27,625 )
TOTAL ASSETS LESS CURRENT LIABILITIES 297,168 311,384

CREDITORS
Amounts falling due after more than one
year

9

(96,586

)

(100,641

)

PROVISIONS FOR LIABILITIES 11 (14,599 ) (14,482 )
NET ASSETS 185,983 196,261

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 81,399 81,399
Retained earnings 104,484 114,762
SHAREHOLDERS' FUNDS 185,983 196,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Fircastle Limited (Registered number: 06057611)

Statement of Financial Position - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





E D Jones - Director


Fircastle Limited (Registered number: 06057611)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Fircastle Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is carried at fair value determined annually by the director or based on professional valuations where undertaken in the year. No depreciation is provided. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and recorded in the non-distributable fair value reserve.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Fircastle Limited (Registered number: 06057611)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 3,141 4,991 1,292 9,424
Additions 949 - - 949
At 31 January 2024 4,090 4,991 1,292 10,373
DEPRECIATION
At 1 February 2023 785 2,710 1,292 4,787
Charge for year 1,023 570 - 1,593
At 31 January 2024 1,808 3,280 1,292 6,380
NET BOOK VALUE
At 31 January 2024 2,282 1,711 - 3,993
At 31 January 2023 2,356 2,281 - 4,637

Fircastle Limited (Registered number: 06057611)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100
At 31 January 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 334,272
NET BOOK VALUE
At 31 January 2024 334,272
At 31 January 2023 334,272

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 95,000
Cost 239,272
334,272

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 239,272 239,272

The investment property was valued on a fair value basis on 31 January 2024 by the director .

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 472,965 425,265

Fircastle Limited (Registered number: 06057611)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 148,006 131,893

Aggregate amounts 620,971 557,158

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,919 7,937
Trade creditors - 2,040
Amounts owed to group undertakings 611,574 517,979
Taxation and social security 66,293 88,678
Other creditors 3,690 1,785
687,476 618,419

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 96,586 100,641

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

66,460

66,373

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 102,505 108,578

The bank facility is secured by a fixed and floating charge over the company's assets.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 998 881
Investment property gains 13,601 13,601
14,599 14,482

Fircastle Limited (Registered number: 06057611)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 14,482
Charge to Income Statement during year 117
Balance at 31 January 2024 14,599

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 100 100

13. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 81,399

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
E D Jones
Balance outstanding at start of year 425,219 311,924
Amounts advanced 110,178 180,463
Amounts repaid (62,432 ) (67,168 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 472,965 425,219