Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-06-01Buying and selling of own real estate and other letting and operating of own or leased real estate.22true 12332508 2023-06-01 2024-05-31 12332508 2022-06-01 2023-05-31 12332508 2024-05-31 12332508 2023-05-31 12332508 c:Director2 2023-06-01 2024-05-31 12332508 d:CurrentFinancialInstruments 2024-05-31 12332508 d:CurrentFinancialInstruments 2023-05-31 12332508 d:Non-currentFinancialInstruments 2024-05-31 12332508 d:Non-currentFinancialInstruments 2023-05-31 12332508 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12332508 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12332508 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 12332508 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12332508 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 12332508 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 12332508 d:ShareCapital 2024-05-31 12332508 d:ShareCapital 2023-05-31 12332508 d:RetainedEarningsAccumulatedLosses 2024-05-31 12332508 d:RetainedEarningsAccumulatedLosses 2023-05-31 12332508 c:OrdinaryShareClass1 2023-06-01 2024-05-31 12332508 c:OrdinaryShareClass1 2024-05-31 12332508 c:OrdinaryShareClass1 2023-05-31 12332508 c:FRS102 2023-06-01 2024-05-31 12332508 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12332508 c:FullAccounts 2023-06-01 2024-05-31 12332508 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12332508 6 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12332508









FGC BEACH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
FGC BEACH LIMITED
REGISTERED NUMBER: 12332508

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
837,546
837,546

  
837,546
837,546

Current assets
  

Debtors: amounts falling due within one year
 5 
29,000
21,000

Bank and cash balances
  
9,782
26,614

  
38,782
47,614

Creditors: amounts falling due within one year
 6 
(7,742)
(2,400)

Net current assets
  
 
 
31,040
 
 
45,214

Total assets less current liabilities
  
868,586
882,760

Creditors: amounts falling due after more than one year
 7 
(30,201)
(41,130)

  

Net assets
  
838,385
841,630


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
838,383
841,628

  
838,385
841,630


Page 1

 
FGC BEACH LIMITED
REGISTERED NUMBER: 12332508
    
BALANCE SHEET (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: 




R Soltanie
Director

Date: 18 February 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FGC BEACH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

FGC Beach Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Borrowing costs

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

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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.

 
2.6

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.

 
2.7

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 3

 
FGC BEACH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
837,546



At 31 May 2024
837,546





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
29,000
21,000

29,000
21,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,252
-

Accruals and deferred income
2,490
2,400

7,742
2,400


Page 4

 
FGC BEACH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
30,201
41,130

30,201
41,130



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,252
-


5,252
-

Amounts falling due in more than one year

Bank loans
30,201
41,130


30,201
41,130



35,453
41,130



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


 
Page 5