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REGISTERED NUMBER: 14572745 (England and Wales)















FALCON VC LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 6


FALCON VC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: A Rutherford
C G Rutherford





REGISTERED OFFICE: 191 Stonhouse Street
London
SW4 6BB





REGISTERED NUMBER: 14572745 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2025


The directors present their report with the financial statements of the company for the year ended 31 January 2025.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

A Rutherford
C G Rutherford

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Rutherford - Director


21 May 2025

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JANUARY 2025

Period
5.1.23
Year ended to
31.1.25 31.1.24
Notes £    £   

TURNOVER 980,000 38,325

Cost of sales 926,093 37,005
GROSS PROFIT 53,907 1,320

Administrative expenses 17,038 24,546
OPERATING PROFIT/(LOSS) 4 36,869 (23,226 )

Interest receivable and similar income 1,938 2,795
38,807 (20,431 )

Interest payable and similar expenses 17,019 34,938
PROFIT/(LOSS) BEFORE TAXATION 21,788 (55,369 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

21,788

(55,369

)

Retained earnings at beginning of year (55,369 ) -

RETAINED EARNINGS AT END OF
YEAR

(33,581

)

(55,369

)

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 135,115 -

CURRENT ASSETS
Stocks 6 - 833,838
Debtors 7 51,874 9,434
Cash at bank 41 3,373
51,915 846,645
CREDITORS
Amounts falling due within one year 8 220,610 572,265
NET CURRENT (LIABILITIES)/ASSETS (168,695 ) 274,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,580

)

274,380

CREDITORS
Amounts falling due after more than one
year

9

-

329,748
NET LIABILITIES (33,580 ) (55,368 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (33,581 ) (55,369 )
(33,580 ) (55,368 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

BALANCE SHEET - continued
31 JANUARY 2025


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





A Rutherford - Director


FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Falcon VC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future
periods.

There are no judgements considered to have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes for the rendering of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost
Freehold property - 20% on cost

Depreciation is not provided for on fixed assets under construction.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial assets
Basic financial assets, including trade debtors, cash and bank balances and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the income statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

Financial liabilities
Basic financial liabilities, including trade creditors and amounts owed to group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

Period
5.1.23
Year ended to
31.1.25 31.1.24
£    £   
Depreciation - owned assets 1,533 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
Additions 102,648 34,000 136,648
At 31 January 2025 102,648 34,000 136,648
DEPRECIATION
Charge for year - 1,533 1,533
At 31 January 2025 - 1,533 1,533
NET BOOK VALUE
At 31 January 2025 102,648 32,467 135,115

6. STOCKS
2025 2024
£    £   
Stocks - 833,838

FALCON VC LIMITED (REGISTERED NUMBER: 14572745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors - 4,320
Other debtors 6,247 -
VAT 12,455 5,114
18,702 9,434

Amounts falling due after more than one year:
Other debtors 33,172 -

Aggregate amounts 51,874 9,434

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 55,195
Trade creditors 31,353 -
Amounts owed to
related undertakings 166,537 494,000
Directors' current accounts 22,720 22,720
Accrued expenses - 350
220,610 572,265

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years - 55,195
Bank loans - 2-5 years - 274,553
- 329,748

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2025 and the period ended 31 January 2024:

2025 2024
£    £   
A Rutherford
Balance outstanding at start of year 22,720 -
Amounts advanced - 172,720
Amounts repaid - (150,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,720 22,720