IRIS Accounts Production v24.3.2.46 09768566 Board of Directors 1.10.23 30.9.24 30.9.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097685662023-09-30097685662024-09-30097685662023-10-012024-09-30097685662022-09-30097685662022-10-012023-09-30097685662023-09-3009768566ns15:EnglandWales2023-10-012024-09-3009768566ns14:PoundSterling2023-10-012024-09-3009768566ns10:Director12023-10-012024-09-3009768566ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009768566ns10:SmallEntities2023-10-012024-09-3009768566ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3009768566ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3009768566ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009768566ns10:FullAccounts2023-10-012024-09-3009768566ns10:Director22023-10-012024-09-3009768566ns10:Director32023-10-012024-09-3009768566ns10:RegisteredOffice2023-10-012024-09-3009768566ns5:CurrentFinancialInstruments2024-09-3009768566ns5:CurrentFinancialInstruments2023-09-3009768566ns5:Non-currentFinancialInstruments2024-09-3009768566ns5:Non-currentFinancialInstruments2023-09-3009768566ns5:ShareCapital2024-09-3009768566ns5:ShareCapital2023-09-3009768566ns5:RetainedEarningsAccumulatedLosses2024-09-3009768566ns5:RetainedEarningsAccumulatedLosses2023-09-3009768566ns5:PlantMachinery2023-10-012024-09-3009768566ns5:PlantMachinery2023-09-3009768566ns5:PlantMachinery2024-09-3009768566ns5:PlantMachinery2023-09-3009768566ns5:AdditionsToInvestments2024-09-3009768566ns5:CostValuation2024-09-3009768566ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3009768566ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3009768566ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-3009768566ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-3009768566ns5:DeferredTaxation2023-09-3009768566ns5:DeferredTaxation2023-10-012024-09-3009768566ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 09768566 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

FAF CAPITAL LIMITED

FAF CAPITAL LIMITED (REGISTERED NUMBER: 09768566)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAF CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr S C Jones
Mr M C Vodden
Mr P Sherrington





REGISTERED OFFICE: Capital Tower
91 Waterloo Road
London
SE1 8RT





REGISTERED NUMBER: 09768566 (England and Wales)





ACCOUNTANTS: TBW Accountancy Limited
S2 Mill House Centre
108 Commercial Road
Totton
Southampton
Hampshire
SO40 3AE

FAF CAPITAL LIMITED (REGISTERED NUMBER: 09768566)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,050 60,934
Investments 5 1,874 -
40,924 60,934

CURRENT ASSETS
Stocks 21,663 -
Debtors 6 2,367,257 3,004,726
Prepayments and accrued income 1,407 529
Cash at bank 171,512 339,312
2,561,839 3,344,567
CREDITORS
Amounts falling due within one year 7 525,271 2,400,792
NET CURRENT ASSETS 2,036,568 943,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,077,492

1,004,709

CREDITORS
Amounts falling due after more than one
year

8

(1,738,372

)

(675,920

)

PROVISIONS FOR LIABILITIES 9 (9,762 ) (15,233 )
NET ASSETS 329,358 313,556

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 329,357 313,555
329,358 313,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FAF CAPITAL LIMITED (REGISTERED NUMBER: 09768566)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





Mr S C Jones - Director


FAF CAPITAL LIMITED (REGISTERED NUMBER: 09768566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

FAF Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sale of goods, fees and commissions earned, and interest receivable from finance leases and loans, excluding value added tax where applicable.

Fees and commissions are earned from services provided to clients. Fees and commissions earned on completion of a transaction is recognised when the event occurs. Fees and commissions that are provided over a period of time are recognised over the period in which the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FAF CAPITAL LIMITED (REGISTERED NUMBER: 09768566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Lease and hire purchase receivables
Assets leased to customers under agreements which transfer substantially all the risks and rewards of ownership, other than legal title, are classified as finance leases. Gross earnings receivable under finance leases are allocated to accounting periods using the net investment method to give a constant periodic rate of return on the company's net cash investment and are included in turnover. Finance lease receivable represent the company's net investment in the leases.

All other leases are classified as operating leases. Rentals receivable under operating leases are recognised on a straight line basis and are included in other operating income. Assets held for the purpose of operating leases are capitalised and depreciated over the period of the lease.

Interest receivable from hire purchase agreements is recognised using the effective interest rate method, using the rate as stated in the terms of the agreement, adjusted for any premiums, discounts as well as fees and charges associated with the agreement.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 330,291
DEPRECIATION
At 1 October 2023 269,357
Charge for year 21,884
At 30 September 2024 291,241
NET BOOK VALUE
At 30 September 2024 39,050
At 30 September 2023 60,934

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1,874
At 30 September 2024 1,874
NET BOOK VALUE
At 30 September 2024 1,874

FAF CAPITAL LIMITED (REGISTERED NUMBER: 09768566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 31,750 13,063
Amounts owed by group undertakings 119,514 67,549
Amounts rec on funding loans 56,625 -
Amounts receivable in respect of finance
leases

217,221

280,880
Amounts receivable in respect of hire
purchase contracts

445,694

572,161
Other debtors 1 1
870,805 933,654

Amounts falling due after more than one year:
Amounts rec on funding loan 157,351 -
Amounts receivable in respect of finance
leases

461,932

767,565
Amounts receivable in respect of hire
purchase contracts

877,169

1,303,507
1,496,452 2,071,072

Aggregate amounts 2,367,257 3,004,726

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 121,473 340,000
Finance leases - 99,211
Trade creditors 42,297 18,097
Amounts owed to group undertakings 147,715 1,566,193
Corporation tax 10,339 53,820
VAT 12,565 9,082
Other creditors 1,269 -
Accruals and deferred income 189,613 314,389
525,271 2,400,792

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 1,562,672 -
Finance leases - 416,494
Accruals and deferred income 175,700 259,426
1,738,372 675,920

FAF CAPITAL LIMITED (REGISTERED NUMBER: 09768566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,762 15,233

Deferred
tax
£   
Balance at 1 October 2023 15,233
Provided during year (5,471 )
Balance at 30 September 2024 9,762

10. ULTIMATE CONTROLLING PARTY

At the year end the parent undertaking of the smallest and the largest group of undertakings for which group financial statements are drawn up and of which the company is a member is FAF Holdings Limited, with registered office at Capital Tower, 91 Waterloo Road, London, SE1 8RT.

Copies of the group financial statements of FAF Holdings Limited are available at Companies House, Crown Way, Cardiff, CF14 3UZ.