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REGISTERED NUMBER: 09274990 (England and Wales)



















FICC CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






FICC CONSULTING LIMITED (REGISTERED NUMBER: 09274990)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


FICC CONSULTING LIMITED (REGISTERED NUMBER: 09274990)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,909 862

CURRENT ASSETS
Debtors 5 207,205 207,205
Cash at bank and in hand 23,796 25,555
231,001 232,760
CREDITORS
Amounts falling due within one year 6 229,973 210,713
NET CURRENT ASSETS 1,028 22,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,937

22,909

PROVISIONS FOR LIABILITIES 743 164
NET ASSETS 4,194 22,745

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 4,190 22,741
SHAREHOLDERS' FUNDS 4,194 22,745

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

FICC CONSULTING LIMITED (REGISTERED NUMBER: 09274990)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2025 and were signed by:





Mr J Kilian - Director


FICC CONSULTING LIMITED (REGISTERED NUMBER: 09274990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ficc Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09274990

Registered office: Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

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.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director’s opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from the provision of fund management services and is recognised upon delivery to the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment-20% on reducing balance

FICC CONSULTING LIMITED (REGISTERED NUMBER: 09274990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 1,857
Additions 3,428
At 31 March 2024 5,285
DEPRECIATION
At 1 April 2023 995
Charge for year 381
At 31 March 2024 1,376
NET BOOK VALUE
At 31 March 2024 3,909
At 31 March 2023 862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 207,205 207,205

FICC CONSULTING LIMITED (REGISTERED NUMBER: 09274990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,665 28,478
Taxation and social security 1,286 14,513
Other creditors 202,022 167,722
229,973 210,713

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director £103,955 (2023: £64,762).

Dividends paid to the director during the year totalled £25,500 (2023: £38,000).

Dividends paid to family members of the director during the year totalled £1,000 (2023: £2,000).

FICC Capital Group South Africa
A company in which the director, Mr J Kilian, has a 33.3% interest.

Amount due to the related party at the balance sheet date: £96,053 (2023: £100,967).

No interest is payable on the loan and there are no agreed repayment terms.