REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
28 SEPTEMBER 2022 TO 30 SEPTEMBER 2023 |
FOR |
FELEPPA INVESTMENTS LTD |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
28 SEPTEMBER 2022 TO 30 SEPTEMBER 2023 |
FOR |
FELEPPA INVESTMENTS LTD |
FELEPPA INVESTMENTS LTD (REGISTERED NUMBER: 14383129) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 28 SEPTEMBER 2022 TO 30 SEPTEMBER 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
FELEPPA INVESTMENTS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 28 SEPTEMBER 2022 TO 30 SEPTEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
FELEPPA INVESTMENTS LTD (REGISTERED NUMBER: 14383129) |
ABRIDGED BALANCE SHEET |
30 SEPTEMBER 2023 |
Notes | € | € |
FIXED ASSETS |
Intangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Cash in hand |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
SHAREHOLDERS' FUNDS |
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. |
FELEPPA INVESTMENTS LTD (REGISTERED NUMBER: 14383129) |
ABRIDGED BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
The financial statements were approved by the director and authorised for issue on |
FELEPPA INVESTMENTS LTD (REGISTERED NUMBER: 14383129) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 28 SEPTEMBER 2022 TO 30 SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
Feleppa Investments Ltd is a |
The presentation currency of the financial statements is the Euro (€). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Feleppa Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
FELEPPA INVESTMENTS LTD (REGISTERED NUMBER: 14383129) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 28 SEPTEMBER 2022 TO 30 SEPTEMBER 2023 |
5. | INTANGIBLE FIXED ASSETS |
Totals |
€ |
COST |
Additions |
Disposals | ( |
) |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
In February 2023, the Fintech platform created and managed by the company was sold at cost to Ucapital Ltd in exchange for 925,925,926 new ordinary shares of €0.000113 each in Ucapital Ltd at total value of €25,000,000 resulting in a 54.5% shareholding in Ucapital Ltd. |
In July 2023, the Ucapital Sparks platform also created and managed by the company was sold at cost to Ucapital Ltd in exchange for 960,000,000 new ordinary shares of €0.000113 each in Ucapital Ltd at total value of €29,760,000 increasing its shareholding in Ucapital Ltd to 62.84%. |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
€ |
COST |
Additions | 54,760,000 |
At 30 September 2023 | 54,760,000 |
NET BOOK VALUE |
At 30 September 2023 | 54,760,000 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Salisbury House, 81 High Street, Potters Bar, Hertfordshire EN6 5AS, United Kingdom |
Nature of business: |
% |
Class of shares: | holding |
In February 2023, the company purchased 925,925,926 new ordinary shares of €0.000113 each in Ucapital Ltd at total value of €25,000,000 resulting in a 54.5% shareholding in Ucapital Ltd. |
In July 2023, the company purchased 960,000,000 new ordinary shares of €0.000113 each in Ucapital Ltd at total value of €29,760,000 thus increasing its shareholding in Ucapital Ltd to 62.84%. |
FELEPPA INVESTMENTS LTD (REGISTERED NUMBER: 14383129) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 28 SEPTEMBER 2022 TO 30 SEPTEMBER 2023 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | € |
Ordinary | £1 | 1,183 |
8. | RESERVES |
Retained |
earnings |
€ |
Profit for the period |
At 30 September 2023 |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
He holds all 100% of the issued share capital of the company. |