Registered number
06825247
FINANCIAL DEVELOPMENT COMPANY UK LIMITED
Filleted Accounts
29 February 2024
FINANCIAL DEVELOPMENT COMPANY UK LIMITED
Registered number: 06825247
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 57,887 51,370
Current assets
Debtors 4 32,379 31,708
Investments held as current assets 5 17,270 17,270
Cash at bank and in hand 32,124 83
81,773 49,061
Creditors: amounts falling due within one year 6 (211,056) (211,056)
Net current liabilities (129,283) (161,995)
Net liabilities (124,945) (110,625)
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account (174,945) (160,625)
Shareholders' funds (124,945) (110,625)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ROBERTO ALLADIO
Director
Approved by the board on 14 April 2025
FINANCIAL DEVELOPMENT COMPANY UK LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 29 February 2024 - 57,887 57,887
The company holds 10% or more of the share capital of the following companies:
Company Shares held
Class %
FINDECO LIMITED (Hong Kong) Ordinary 100
FINDECO LIMITED (United Kingdom) Ordinary 100
FINDECO LLC (United States of America) Ordinary 100
QUINCY CAPITAL LLLP (United States of America) Ordinary 10
4 Debtors 2024 2023
£ £
Trade debtors 32,379 31,708
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 17,270 17,270
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 660 660
Other creditors 210,396 210,396
211,056 211,056
7 Other information
FINANCIAL DEVELOPMENT COMPANY UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
102 Langdale House
11 Marshalsea Road
London
SE1 1EN
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