Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12706739 2022-07-01 2023-06-30 12706739 2021-07-01 2022-06-30 12706739 2023-06-30 12706739 2022-06-30 12706739 c:Director1 2022-07-01 2023-06-30 12706739 d:OfficeEquipment 2022-07-01 2023-06-30 12706739 d:OfficeEquipment 2023-06-30 12706739 d:OfficeEquipment 2022-06-30 12706739 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12706739 d:FreeholdInvestmentProperty 2023-06-30 12706739 d:FreeholdInvestmentProperty 2022-06-30 12706739 d:CurrentFinancialInstruments 2023-06-30 12706739 d:CurrentFinancialInstruments 2022-06-30 12706739 d:Non-currentFinancialInstruments 2023-06-30 12706739 d:Non-currentFinancialInstruments 2022-06-30 12706739 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12706739 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12706739 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12706739 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 12706739 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 12706739 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 12706739 d:ShareCapital 2023-06-30 12706739 d:ShareCapital 2022-06-30 12706739 d:RetainedEarningsAccumulatedLosses 2023-06-30 12706739 d:RetainedEarningsAccumulatedLosses 2022-06-30 12706739 c:FRS102 2022-07-01 2023-06-30 12706739 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12706739 c:FullAccounts 2022-07-01 2023-06-30 12706739 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12706739 2 2022-07-01 2023-06-30 12706739 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12706739









FPC HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
FPC HOLDINGS LIMITED
REGISTERED NUMBER: 12706739

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,878
366

Investment property
 5 
258,861
258,861

  
260,739
259,227

Current assets
  

Debtors: amounts falling due within one year
 6 
2,364
2,021

  
2,364
2,021

Creditors: amounts falling due within one year
 7 
(84,381)
(97,299)

Net current liabilities
  
 
 
(82,017)
 
 
(95,278)

Total assets less current liabilities
  
178,722
163,949

Creditors: amounts falling due after more than one year
 8 
(186,665)
(170,877)

  

Net liabilities
  
(7,943)
(6,928)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(7,944)
(6,929)

  
(7,943)
(6,928)


The director considers 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 director acknowledges her 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 income and retained earnings 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: 


Page 1

 
FPC HOLDINGS LIMITED
REGISTERED NUMBER: 12706739
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023







Charmini Glo
Director

Date: 12 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FPC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

FPC Holdings Ltd (12706739) is a private company limited by shares, registered in England and Wales. Its registered office is Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF.

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
FPC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

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.

 
2.9

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
FPC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2022
1,100


Additions
1,879



At 30 June 2023

2,979



Depreciation


At 1 July 2022
734


Charge for the year on owned assets
367



At 30 June 2023

1,101



Net book value



At 30 June 2023
1,878



At 30 June 2022
366

Page 5

 
FPC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
258,861



At 30 June 2023
258,861

The 2023 valuations were made by The director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
258,861
258,861

Accumulated depreciation and impairments
(8,303)
(5,176)

250,558
253,685


6.


Debtors

2023
2022
£
£


Trade debtors
2,364
2,021

2,364
2,021



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
186
154

Bank loans
6,436
5,923

Other creditors
75,071
89,962

Accruals and deferred income
2,688
1,260

84,381
97,299


Page 6

 
FPC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
186,665
170,877

186,665
170,877



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,436
5,923


6,436
5,923


Amounts falling due 2-5 years

Bank loans
186,665
170,877


186,665
170,877


193,101
176,800


The bank loans are secured by a first legal charge over the company's investment property.


10.


Related party transactions

At 30 June 2023 the company owed £75,071 (2022: £89,962) to the directors. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.

 
Page 7