Registered number
15349348
FMG (Cobham) Ltd
Filleted Accounts
31 December 2024
FMG (Cobham) Ltd
Registered number: 15349348
Balance Sheet
as at 31 December 2024
Notes 2024
£
Current assets
Stocks 2,536,846
Debtors 3 2,391
Cash at bank and in hand 22,893
2,562,130
Creditors: amounts falling due within one year 4 (4,800)
Net current assets 2,557,330
Total assets less current liabilities 2,557,330
Creditors: amounts falling due after more than one year 5 (2,557,329)
Net assets 1
Capital and reserves
Called up share capital 1
Shareholders' funds 1
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.
Matthew Estwick
Director
Approved by the board on 23 May 2025
FMG (Cobham) Ltd
Notes to the Accounts
for the period from 13 December 2023 to 31 December 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Debtors 2024
£
Other debtors 2,391
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 4,800
5 Creditors: amounts falling due after one year 2024
£
Other creditors 2,557,329
6 Related party transactions
At the balance sheet date, the company had an outstanding loan from its parent company, FMG Strategic Ltd for £2,557,329. The loan is an unsecured interest free loan.
7 Other information
FMG (Cobham) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Coveham House
Downside Bridge Road
Cobham
Surrey
KT11 3EP
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