0 0 FCP (London II) Ltd 14682504 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true 14682504 2024-01-01 2024-12-31 14682504 2024-12-31 14682504 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 14682504 bus:Micro-entities 2024-01-01 2024-12-31 14682504 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14682504 bus:FullAccounts 2024-01-01 2024-12-31 14682504 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14682504 bus:RegisteredOffice 2024-01-01 2024-12-31 14682504 bus:Director1 2024-01-01 2024-12-31 14682504 bus:Director2 2024-01-01 2024-12-31 14682504 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14682504 bus:Agent1 2024-01-01 2024-12-31 14682504 countries:AllCountries 2024-01-01 2024-12-31 14682504 2023-02-22 2023-12-31 14682504 2023-12-31 14682504 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 14682504

FCP (London II) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

image-name
 

FCP (London II) Ltd

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Detailed Profit and Loss Account

6 to 7

 

FCP (London II) Ltd

Company Information

Directors

Mr George Stamp Brooksbank

Mr Callum Alexander Donald Macqueen

Registered office

21-23 Ives Street
Chelsea
London
SW3 2ND

Bankers

Coutts & Co
440 Strand
London
WC2R 0QS

Accountants

Varsani Joseph Limited
Chartered Certified Accountants18 The Broadway
East Lane
Wembley Park
Middlesex
HA9 8JU

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
FCP (London II) Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FCP (London II) Ltd for the year ended 31 December 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of FCP (London II) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of FCP (London II) Ltd and state those matters that we have agreed to state to the Board of Directors of FCP (London II) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FCP (London II) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that FCP (London II) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FCP (London II) Ltd. You consider that FCP (London II) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of FCP (London II) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Varsani Joseph Limited
Chartered Certified Accountants
18 The Broadway
East Lane
Wembley Park
Middlesex
HA9 8JU

9 May 2025

 

FCP (London II) Ltd

Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

Turnover

-

-

Other income

1,074,619

567,989

Other charges

(2,865,218)

(1,654,246)

Loss for the year

(1,790,599)

(1,086,257)

 

FCP (London II) Ltd

(Registration number: 14682504)
Balance Sheet as at 31 December 2024

2024
£

2023
£

Fixed assets

6,384,030

5,548,543

Current assets

4,751,748

2,737,081

Prepayments and accrued income

398

-

Net current assets

4,752,146

2,737,081

Total assets less current liabilities

11,136,176

8,285,624

Creditors: Amounts falling due after more than one year

(14,007,725)

(9,367,140)

Accruals and deferred income

(5,306)

(4,740)

 

(2,876,855)

(1,086,256)

Capital and reserves

(2,876,855)

(1,086,256)

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
21-23 Ives Street
Chelsea
London
SW3 2ND

These financial statements were authorised for issue by the Board on 9 May 2025.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2

Staff numbers

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

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

FCP (London II) Ltd

(Registration number: 14682504)
Balance Sheet as at 31 December 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and FRS 105 ‘The Financial Reporting Standard Applicable to the Micro-entities Regime.

Approved and authorised by the Board on 9 May 2025 and signed on its behalf by:
 

.........................................
Mr George Stamp Brooksbank
Director

 

FCP (London II) Ltd

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

Turnover (analysed below)

-

-

Administrative expenses

Establishment costs (analysed below)

(478)

-

General administrative expenses (analysed below)

(115,174)

(184,847)

Finance charges (analysed below)

(534)

(447)

Other expenses (analysed below)

(1,638,447)

(894,668)

(1,754,633)

(1,079,962)

Operating loss

(1,754,633)

(1,079,962)

Income from shares in group undertakings (analysed below)

404,685

82,927

Income from participating interests (analysed below)

669,934

485,062

Interest payable and similar expenses (analysed below)

(1,110,585)

(574,284)

(35,966)

(6,295)

Loss before tax

(1,790,599)

(1,086,257)

 

FCP (London II) Ltd

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

   

Establishment costs

Insurance

(478)

-

   

General administrative expenses

Sundry expenses

(97)

-

Accountancy fees

(4,500)

(4,740)

Legal and professional fees

(110,577)

(180,107)

(115,174)

(184,847)

   

Finance charges

Bank charges

(534)

(447)

   

Other expenses

Share of profit/(loss) in JVs

(1,638,447)

(894,668)

   

Income from shares in group undertakings

Deep discount bond - discount element

404,685

82,927

   

Income from participating interests

Deep discount bond - discount element

669,934

485,062

   

Interest payable and similar expenses

Other finance costs

(1,110,585)

(574,284)