REGISTERED NUMBER: |
Financial Statements |
for the Period |
1 July 2023 to 31 December 2024 |
for |
FD Payments Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Period |
1 July 2023 to 31 December 2024 |
for |
FD Payments Ltd |
FD Payments Ltd (Registered number: 14277667) |
Contents of the Financial Statements |
for the Period 1 July 2023 to 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
FD Payments Ltd |
Company Information |
for the Period 1 July 2023 to 31 December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Registered Auditors |
Chartered Accountants |
10a White Hart Parade |
London Road |
Blackwater |
Camberley |
Surrey |
GU17 9AD |
FD Payments Ltd (Registered number: 14277667) |
Balance Sheet |
31 December 2024 |
31.12.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
The financial statements were approved by the Board of Directors and authorised for issue on |
FD Payments Ltd (Registered number: 14277667) |
Notes to the Financial Statements |
for the Period 1 July 2023 to 31 December 2024 |
1. | STATUTORY INFORMATION |
FD Payments Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery etc | - |
Taxation |
Taxation for the period 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
FD Payments Ltd (Registered number: 14277667) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 31 December 2024 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Management fees |
Management fees are received from the company's holding company to support the company whilst it establishes it's presence in the UK. The basis of the charge is cost plus as agreed between the parties. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2023 |
Additions |
At 31 December 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 30 June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 30.6.23 |
£ | £ |
Trade debtors |
Other debtors |
FD Payments Ltd (Registered number: 14277667) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 31 December 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 30.6.23 |
£ | £ |
Trade creditors |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
The company is a wholly owned subsidiary of First Digital Group Limited, a company incorporated in Gibraltar. |
The amount due to First Digital Trust Ltd at 30 June 2024 amounted to £65,368. |
The company received £658,610 management fees from First Digital Trust Ltd, a fellow subsidiary company based in Hong Kongo, during the period. |