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FF CLARION LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Firoz Noordeen
Natan Mizrahi
Company Number 13130615
Registered Office 9th Floor
107 Cheapside
London
EC2V 6DN
Page 1
Page 2
Statement of Financial Position
Registered number: 13130615
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,949 4,160
6,949 4,160
CURRENT ASSETS
Debtors 5 23,262 670
Cash at bank and in hand 157,699 112,002
180,961 112,672
Creditors: Amounts Falling Due Within One Year 6 (1,809,192 ) (570,641 )
NET CURRENT ASSETS (LIABILITIES) (1,628,231 ) (457,969 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,621,282 ) (453,809 )
NET LIABILITIES (1,621,282 ) (453,809 )
CAPITAL AND RESERVES
Called up share capital 7 6 6
Share premium account 299,975 299,975
Income Statement (1,921,263 ) (753,790 )
SHAREHOLDERS' FUNDS (1,621,282) (453,809)
Page 2
Page 3
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Firoz Noordeen
Director
31/01/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
FF CLARION LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13130615 . The registered office is 9th Floor , 107 Cheapside, London, EC2V 6DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line basis
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 8)
11 8
Page 4
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 6,209
Additions 5,436
As at 31 January 2024 11,645
Depreciation
As at 1 February 2023 2,049
Provided during the period 2,647
As at 31 January 2024 4,696
Net Book Value
As at 31 January 2024 6,949
As at 1 February 2023 4,160
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,920 667
Other debtors 15,342 3
23,262 670
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,799 -
Amounts owed to participating interests 1,795,699 567,699
Other creditors 8,694 2,693
Taxation and social security - 249
1,809,192 570,641
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 5