Registration number:
FCP (London II) Ltd
for the Year Ended 31 December 2024
FCP (London II) Ltd
Contents
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Company Information |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Detailed Profit and Loss Account |
FCP (London II) Ltd
Company Information
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Directors |
Mr George Stamp Brooksbank Mr Callum Alexander Donald Macqueen |
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Registered office |
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Bankers |
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Accountants |
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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.
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Chartered Certified Accountants
East Lane
Wembley Park
Middlesex
HA9 8JU
FCP (London II) Ltd
Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover |
- |
- |
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Other income |
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Other charges |
( |
(1,654,246) |
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Loss for the year |
( |
( |
FCP (London II) Ltd
(Registration number: 14682504)
Balance Sheet as at 31 December 2024
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2024 |
2023 |
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Fixed assets |
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Current assets |
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Prepayments and accrued income |
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- |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
( |
( |
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( |
( |
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Capital and reserves |
( |
( |
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General information |
The company is a private company limited by share capital, incorporated in the United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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 £.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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:
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• |
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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
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FCP (London II) Ltd
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover (analysed below) |
- |
- |
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Administrative expenses |
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Establishment costs (analysed below) |
(478) |
- |
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General administrative expenses (analysed below) |
(115,174) |
(184,847) |
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Finance charges (analysed below) |
(534) |
(447) |
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Other expenses (analysed below) |
(1,638,447) |
(894,668) |
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(1,754,633) |
(1,079,962) |
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Operating loss |
(1,754,633) |
(1,079,962) |
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Income from shares in group undertakings (analysed below) |
404,685 |
82,927 |
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Income from participating interests (analysed below) |
669,934 |
485,062 |
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Interest payable and similar expenses (analysed below) |
(1,110,585) |
(574,284) |
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(35,966) |
(6,295) |
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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
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2024 |
2023 |
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Establishment costs |
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Insurance |
(478) |
- |
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General administrative expenses |
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Sundry expenses |
(97) |
- |
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Accountancy fees |
(4,500) |
(4,740) |
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Legal and professional fees |
(110,577) |
(180,107) |
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(115,174) |
(184,847) |
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Finance charges |
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Bank charges |
(534) |
(447) |
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Other expenses |
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Share of profit/(loss) in JVs |
(1,638,447) |
(894,668) |
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Income from shares in group undertakings |
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Deep discount bond - discount element |
404,685 |
82,927 |
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Income from participating interests |
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Deep discount bond - discount element |
669,934 |
485,062 |
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Interest payable and similar expenses |
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Other finance costs |
(1,110,585) |
(574,284) |