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REGISTERED NUMBER: 02648657 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Fullpoint Holdings Limited

Fullpoint Holdings Limited (Registered number: 02648657)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Fullpoint Holdings Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A J Coffey
Mrs L P Coffey





SECRETARY: Mrs L P Coffey





REGISTERED OFFICE: Unit 96 The Maltings Business Centre
The Maltings
Stanstead Abbotts
Hertfordshire
SG12 8HG





REGISTERED NUMBER: 02648657 (England and Wales)





ACCOUNTANTS: Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG

Fullpoint Holdings Limited (Registered number: 02648657)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 700,000 700,000
Investments 5 286,236 488,402
986,236 1,188,402

CURRENT ASSETS
Cash at bank 686,442 304,369

CREDITORS
Amounts falling due within one year 6 6,454 43,810
NET CURRENT ASSETS 679,988 260,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,666,224

1,448,961

CAPITAL AND RESERVES
Called up share capital 100 100
Non-Distributable reserve 7 513,452 513,452
Retained earnings 1,152,672 935,409
SHAREHOLDERS' FUNDS 1,666,224 1,448,961

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

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

The directors acknowledge their 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.

Fullpoint Holdings Limited (Registered number: 02648657)

Statement of Financial Position - continued
31 August 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





A J Coffey - Director


Fullpoint Holdings Limited (Registered number: 02648657)

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

1. STATUTORY INFORMATION

Fullpoint Holdings 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.

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.

Turnover
Turnover represents rents received excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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.

Fullpoint Holdings Limited (Registered number: 02648657)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 700,000
NET BOOK VALUE
At 31 August 2024 700,000
At 31 August 2023 700,000

Cost or valuation at 31 August 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 513,452
Cost 186,548
700,000

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

31.8.24 31.8.23
£    £   
Cost 186,548 186,548

Value of land in freehold land and buildings 186,548 186,548

The freehold property was valued on an open market basis on 31 August 2024 by the Directors .

Fullpoint Holdings Limited (Registered number: 02648657)

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

5. FIXED ASSET INVESTMENTS

31.8.24 31.8.23
£    £   
Shares in group undertakings 100 100
Loans to group undertakings 286,136 488,302
286,236 488,402

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100
Loans to
group
undertakings
£   
At 1 September 2023 488,302
New in year (202,166 )
At 31 August 2024 286,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 2 -
Tax 4,049 2,592
Directors' current accounts 1,263 40,078
Accrued expenses 1,140 1,140
6,454 43,810

Fullpoint Holdings Limited (Registered number: 02648657)

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

7. RESERVES
Non-Distributable
reserve
£   
At 1 September 2023
and 31 August 2024 513,452

8. ULTIMATE CONTROLLING PARTY

There is no ultimate parent company

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fullpoint Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fullpoint Holdings Limited for the year ended 31 August 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fullpoint Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fullpoint Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Fullpoint Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fullpoint Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fullpoint Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fullpoint Holdings Limited. You consider that Fullpoint Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fullpoint Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG


20 November 2024