1672835 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the protection of the interests of its members and of others mainly in the United Kingdom in the copyright of cinematographic films, television programmes and all forms of audio visual recording by discovering the existence and origins of all illicit and unauthorised copies of such items, by taking all legal action possible to seize anything connected with such illicit material and by bringing effective proceedings to prevent such unauthorised activity. Digita Accounts Production Advanced 6.30.9574.0 Software true true 1672835 2024-01-01 2024-12-31 1672835 2024-12-31 1672835 core:OtherReservesSubtotal 2024-12-31 1672835 core:CurrentFinancialInstruments 2024-12-31 1672835 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 1672835 bus:FRS102 2024-01-01 2024-12-31 1672835 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 1672835 bus:FullAccounts 2024-01-01 2024-12-31 1672835 bus:RegisteredOffice 2024-01-01 2024-12-31 1672835 bus:CompanySecretary1 2024-01-01 2024-12-31 1672835 bus:Director4 2024-01-01 2024-12-31 1672835 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 1672835 core:OfficeEquipment 2024-01-01 2024-12-31 1672835 core:UKTax 2024-01-01 2024-12-31 1672835 countries:AllCountries 2024-01-01 2024-12-31 1672835 2023-01-01 2023-12-31 1672835 2023-12-31 1672835 core:OtherReservesSubtotal 2023-12-31 1672835 core:CurrentFinancialInstruments 2023-12-31 1672835 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 1672835 core:UKTax 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 1672835

Federation Against Copyright Theft Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Federation Against Copyright Theft Limited

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Contents

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Section

Page

Company Information

1

Director's Report

2

Statement of Income and Retained Earnings

3

Balance sheet

4

Notes to the Financial Statements

5 to 8

 

Federation Against Copyright Theft Limited

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Company Information

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Directors

K A Sharp

Company secretary

B B Monger

Registered office

Regal House
70 London Road
Twickenaham
Middlesex
TW1 3QS

Accountants

Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

Federation Against Copyright Theft Limited

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Director's Report for the Year Ended 31 December 2024

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The director presents his annual report on the affairs of Federation Against Copyright Theft Limited, together with the financial statements for the year ended 31 December 2024.

Principal activity

The principal activity of the company is the protection of the interests of its members and of others mainly in the United Kingdom in the copyright of cinematographic films, television programmes and all forms of audio visual recording by discovering the existence and origins of all illicit and unauthorised copies of such items, by taking all legal action possible to seize anything connected with such illicit material and by bringing effective proceedings to prevent such unauthorised activity.

Directors of the company

The director who served throughout the year and up to date of authorisation of this report was as follows:

K A Sharp

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Small companies provision statement

The director has taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the director's report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.

The director's report was approved by the Board on 1 April 2025 and signed on its behalf by:

.........................................
Authorised signatory of
B B Monger
Company secretary

 

Federation Against Copyright Theft Limited

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Statement of Income and Retained Earnings
for the Year Ended 31 December 2024

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Note

2024
 £

2023
 £

Turnover

396,667

441,667

Administrative expenses

 

(367,174)

(617,651)

Other operating income

(31,351)

174,548

Operating deficit

(1,858)

(1,436)

Interest receivable and similar income

2,841

3,570

Surplus before tax

 

983

2,134

Taxation

3

(540)

(678)

Surplus for the financial year

 

443

1,456

Retained earnings brought forward

 

-

-

Transfer to legal contingency fund

 

(443)

(1,456)

Retained earnings carried forward

 

-

-


Continuing operations
All results are derived wholly from continuing operations.
 

 

Federation Against Copyright Theft Limited

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(Registration number: 1672835)
Balance sheet as at 31 December 2024

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Note

2024
 £

2023
 £

Current assets

 

Debtors

4

135,621

64,277

Cash at bank and in hand

176,974

319,153

 

312,595

383,430

Creditors: Amounts falling due within one year

5

(232,743)

(304,021)

Net assets

 

79,852

79,409

Members' funds

 

Legal contingency fund

6

79,852

79,409

Total members' funds

 

79,852

79,409

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements of Federation Against Copyright Theft Limited were approved and authorised for issue by the director on 1 April 2025
 

.........................................

K A Sharp
Director

 

Federation Against Copyright Theft Limited

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Notes to the Financial Statements
for the Year Ended 31 December 2024

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1

General information

Federation Against Copyright Theft Limited (the 'company' or 'FACT') is a company limited by guarantee incorporated in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors report on page 2.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling (£).

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for membership subscriptions and the provision of services in the ordinary course of the company’s activities. Revenue is shown net of value added tax.

The company recognises membership subscriptions over the period of membership and recognises revenue for other services as they are provided. This income is recognised only when these amounts can be reliably measured and it is probable that future economic benefits will flow to the entity.

 

Federation Against Copyright Theft Limited

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Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

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2

Accounting policies (continued)

Taxation

The tax expense for the period comprises charges for corporation tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

over 3 years

Cash and cash equivalents

Cash and cash equivalents comprises cash held at bank and in hand.

Trade debtors

Trade debtors are amounts due from clients for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment. A provision for the impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

 

Federation Against Copyright Theft Limited

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Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

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2

Accounting policies (continued)

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Provision is made for dilapidations where the lease requires the reinstatement of the premises to its original state. The level of provision is based upon a professional surveyor's report.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Taxation

2024
 £

2023
 £

Current taxation

UK corporation tax

540

678

4

Debtors

2024
 £

2023
 £

Trade debtors

135,621

20,799

Other debtors

-

16,874

Prepayments

-

26,604

135,621

64,277

5

Creditors

2024
 £

2023
 £

Due within one year

Trade creditors

118,506

192,336

Corporation tax

540

678

Social security and other taxes

2,697

-

Accrued expenses

111,000

111,007

232,743

304,021

 

Federation Against Copyright Theft Limited

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Notes to the Financial Statements
for the Year Ended 31 December 2024 (continued)

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6

Reserves

2024
£

2023
£

Legal contingency fund

Balance brought forward

79,409

77,953

Transfer to fund in year

443

1,456

Balance carried forward

79,852

79,409

This fund represents reserves set aside by the board to be used when significant expenditure might be incurred in the pursuit of legal cases on behalf of members.

7

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).