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Company No: 14771795 (England and Wales)

FC GLOBAL PAYMENTS LTD

Unaudited Financial Statements
For the financial period from 31 March 2023 to 31 December 2023
Pages for filing with the registrar

FC GLOBAL PAYMENTS LTD

Unaudited Financial Statements

For the financial period from 31 March 2023 to 31 December 2023

Contents

FC GLOBAL PAYMENTS LTD

BALANCE SHEET

As at 31 December 2023
FC GLOBAL PAYMENTS LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023
£
Fixed assets
Tangible assets 3 3,300
3,300
Current assets
Cash at bank and in hand 10,390
10,390
Creditors: amounts falling due within one year 4 ( 15,819)
Net current liabilities (5,429)
Total assets less current liabilities (2,129)
Net liabilities ( 2,129)
Capital and reserves
Called-up share capital 5 90
Profit and loss account ( 2,219 )
Total shareholders' deficit ( 2,129)

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of FC Global Payments Ltd (registered number: 14771795) were approved and authorised for issue by the Board of Directors on 07 February 2025. They were signed on its behalf by:

W Hewitson
Director
FC GLOBAL PAYMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 31 March 2023 to 31 December 2023
FC GLOBAL PAYMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 31 March 2023 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

FC Global Payments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 128 City Road, London, EC1V 2NX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £2,129. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

This is the first period of account for the company, therefore the financial statements have been drawn up for the period 31 March 2023 to 31 December 2023.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
31.03.2023 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 31 March 2023 0 0
Additions 3,300 3,300
At 31 December 2023 3,300 3,300
Accumulated depreciation
At 31 March 2023 0 0
At 31 December 2023 0 0
Net book value
At 31 December 2023 3,300 3,300

4. Creditors: amounts falling due within one year

31.12.2023
£
Amounts owed to directors 14,919
Accruals 900
15,819

5. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
30 Ordinary shares of £ 1.00 each 30
30 Ordinary A shares of £ 1.00 each 30
30 Ordinary B shares of £ 1.00 each 30
90