Company registration number 10991032 (England and Wales)
FISHER INFORMATION TECHNOLOGY SERVICES HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
FISHER INFORMATION TECHNOLOGY SERVICES HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
FISHER INFORMATION TECHNOLOGY SERVICES HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
200
200
Current assets
Debtors
5
-
0
100
Creditors: amounts falling due within one year
6
(100)
(200)
Net current liabilities
(100)
(100)
Net assets
100
100
Capital and reserves
Called up share capital
7
100
100

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 30 January 2025 and are signed on its behalf by:
2025-01-30
Mr B J Papay
Director
Company registration number 10991032 (England and Wales)
FISHER INFORMATION TECHNOLOGY SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Fisher Information Technology Services Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 Dukes Place, London, EC3A 7LP.

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 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 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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

On 31 December 2023, the trueparent hived up the Fisher business' trade and assets to Anglepoint (UK) Ltd and the directors' intention is to dissolve the company by April 2025. As a result, the financial statements have been prepared on a basis other than going concern. At the date of approving these financial statements it is the considered view of the directors’ that there is no material difference between the going concern basis and any other basis under which the financial statements could have been prepared.

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

FISHER INFORMATION TECHNOLOGY SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet 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.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including payables to fellow group companies are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

FISHER INFORMATION TECHNOLOGY SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
2
Employees

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

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
200
200
4
Subsidiaries

Details of the company's subsidiaries at 30 April 2024 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Fisher IT Asset Consulting Limited
30 Dukes Place, London, EC3A 7LP
IT Asset Consulting Services
Ordinary
100.00
Fisher Analyitcs and Control Technology Limited
30 Dukes Place, London, EC3A 7LP
Software Development
Ordinary
100.00
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Unpaid share capital
-
0
100
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
100
200
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 of £1 each
100
100
100
100
FISHER INFORMATION TECHNOLOGY SERVICES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
8
Parent company

The company’s immediate parent company is Anglepoint (UK) Limited whose registered address is 30 Dukes Place, London, England, EC3A 7LP.

 

The ultimate controlling party is Crayon Group Holding ASA. The registered address is Sandakerveien 114 A, 0484, Oslo, Norway.

2024-04-302023-05-01falsefalsetrue31 January 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr C P Van Der VeldenMr R  BrillMr B J Papay109910322023-05-012024-04-30109910322024-04-30109910322023-04-3010991032core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3010991032core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3010991032core:ShareCapital2024-04-3010991032core:ShareCapital2023-04-3010991032bus:Director32023-05-012024-04-30109910322022-05-012023-04-3010991032core:CurrentFinancialInstruments2024-04-3010991032core:CurrentFinancialInstruments2023-04-3010991032bus:EntityHasNeverTraded2023-05-012024-04-3010991032bus:PrivateLimitedCompanyLtd2023-05-012024-04-3010991032bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010991032bus:FRS1022023-05-012024-04-3010991032bus:AuditExemptWithAccountantsReport2023-05-012024-04-3010991032bus:Director12023-05-012024-04-3010991032bus:Director22023-05-012024-04-3010991032bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP