REGISTERED NUMBER: |
FLD Investments Limited |
Unaudited Financial Statements for the Year Ended 31st March 2024 |
REGISTERED NUMBER: |
FLD Investments Limited |
Unaudited Financial Statements for the Year Ended 31st March 2024 |
FLD Investments Limited (Registered number: 10639854) |
Contents of the Financial Statements |
for the Year Ended 31st March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
FLD Investments Limited |
Company Information |
for the Year Ended 31st March 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
FLD Investments Limited (Registered number: 10639854) |
Balance Sheet |
31st March 2024 |
2024 | 2023 |
Notes | £ | £ |
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 director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |
FLD Investments Limited (Registered number: 10639854) |
Notes to the Financial Statements |
for the Year Ended 31st March 2024 |
1. | Statutory information |
FLD Investments Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is derived from interest received or receivable on debt instruments issued by the company |
Tangible fixed assets |
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. |
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. |
Financial instruments |
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: |
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. |
Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition |
3. | Employees and directors |
The average number of employees during the year was |
FLD Investments Limited (Registered number: 10639854) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2024 |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1st April 2023 |
and 31st March 2024 |
Amortisation |
At 1st April 2023 |
and 31st March 2024 |
Net book value |
At 31st March 2024 |
At 31st March 2023 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by associates |
Other debtors |
VAT |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to associates | 42,707 | - |
Tax |
Other creditors |
Directors' current accounts | 1,647,500 | - |
Accrued expenses |
7. | Director's advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
FLD Investments Limited (Registered number: 10639854) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2024 |
8. | Related party disclosures |
Included within other debtors amounts falling due within 1 year is an amount repayable to the company of £395,182 (2023: £24,293) due from Companies which the director has a participating interest in. |
Included within creditors amounts falling due within one year is an amount to Companies of £42,707 (2023: £nil) Companies which the director has a participating interest in. |
9. | Ultimate controlling party |
The controlling party is D and L Farnham. |