| FCV Europe Limited |
| Registered number: |
14470407 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
35,333 |
|
|
27,333 |
| Debtors |
3 |
|
16 |
|
|
- |
| Cash at bank and in hand |
|
|
4,500 |
|
|
14,915 |
|
|
|
39,849 |
|
|
42,248 |
|
| Creditors: amounts falling due within one year |
4 |
|
(750) |
|
|
(1,568) |
|
| Net current assets |
|
|
|
39,099 |
|
|
40,680 |
|
| Total assets less current liabilities |
|
|
|
39,099 |
|
|
40,680 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(48,349) |
|
|
(48,349) |
|
|
|
| Net liabilities |
|
|
|
(9,250) |
|
|
(7,669) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(9,350) |
|
|
(7,769) |
|
| Shareholders' funds |
|
|
|
(9,250) |
|
|
(7,669) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Mr J Matthews |
| Director |
| Approved by the board on 23 June 2025 |
|
| FCV Europe Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 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). |
|
|
Going concern |
|
The financial statements have been prepared on a going concern basis. The directors have assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval of these financial statements. The directors note that the business has net liabilities of £9,250. The Company is supported through loans from shareholders. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the shareholders will continue to support the Company. Based on this ongoing financial support, the directors believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements. |
|
|
Work in progress |
|
Profit on long term contracts is taken once the work is completed. Full provision is made for losses on all contracts in the year in which they are first foreseen. |
|
|
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 |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
16 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Accruals and deferred income |
750 |
|
1,568 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
48,349 |
|
48,349 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
Foundation Capital Europe LLC owns 50% of the shareholding of the company. The registered office is The Corporation Trust, Company Corporation Trust Center, 1209 Orange Street, Wilmington, United States, DE 19801. The other 50% of the shareholding is owned by Matthews & Sadler Estates Limited. The registered office is Suite 3a Kings Hall, St Ives Business Park, Parsons Green, PE27 4WY. |
|
|
| 7 |
Other information |
|
|
FCV Europe Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 3a Kings Hall |
|
St Ives Business Park, Parsons Green |
|
St Ives |
|
Cambridgeshire |
|
PE27 4WY |