Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-313false2023-06-01No description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12967845 2023-06-01 2024-05-31 12967845 2022-06-01 2023-05-31 12967845 2024-05-31 12967845 2023-05-31 12967845 c:Director3 2023-06-01 2024-05-31 12967845 d:FreeholdInvestmentProperty 2024-05-31 12967845 d:FreeholdInvestmentProperty 2023-05-31 12967845 d:CurrentFinancialInstruments 2024-05-31 12967845 d:CurrentFinancialInstruments 2023-05-31 12967845 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12967845 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12967845 d:ShareCapital 2024-05-31 12967845 d:ShareCapital 2023-05-31 12967845 d:RetainedEarningsAccumulatedLosses 2024-05-31 12967845 d:RetainedEarningsAccumulatedLosses 2023-05-31 12967845 c:FRS102 2023-06-01 2024-05-31 12967845 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12967845 c:FullAccounts 2023-06-01 2024-05-31 12967845 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12967845 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 12967845









FGC LONDON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
FGC LONDON LTD
REGISTERED NUMBER: 12967845

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
300,000
300,000

  
300,000
300,000

Current assets
  

Debtors: amounts falling due within one year
 5 
3
3

Cash at bank and in hand
 6 
26,503
10,725

  
26,506
10,728

Creditors: amounts falling due within one year
 7 
(46,822)
(44,360)

Net current liabilities
  
 
 
(20,316)
 
 
(33,632)

Total assets less current liabilities
  
279,684
266,368

Provisions for liabilities
  

Deferred tax
  
(72,500)
(72,500)

  
 
 
(72,500)
 
 
(72,500)

Net assets
  
207,184
193,868


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
207,181
193,865

  
207,184
193,868


Page 1

 
FGC LONDON LTD
REGISTERED NUMBER: 12967845
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Robert Soltanie
Director

Date: 18 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FGC LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

FGC London Limited is a private company limited by shares incorporated in England and Wales registraion number 12967845 .The registered office is 37-39 Maida Vale, London, England, W9 1TP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FGC LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
FGC LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
300,000



At 31 May 2024
300,000

The 2024 valuations were made by the director, on an open market value for existing use basis.




5.


Debtors

2024
2023
£
£


Other debtors
3
3

3
3


Page 5

 
FGC LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,503
10,725

26,503
10,725



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
22,000
22,000

Corporation tax
1,572
-

Accruals and deferred income
3,250
2,360

Other creditors
20,000
20,000

46,822
44,360


 
Page 6