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REGISTERED NUMBER: 04116571 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FTFPARTNERS LTD

FTFPARTNERS LTD (REGISTERED NUMBER: 04116571)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FTFPARTNERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A Arya
D Frankfort
B Arya





SECRETARY: A Arya





REGISTERED OFFICE: 20 Harcourt Street
London
W1H 4HG





REGISTERED NUMBER: 04116571 (England and Wales)





AUDITORS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

FTFPARTNERS LTD (REGISTERED NUMBER: 04116571)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,385 5,077

CURRENT ASSETS
Debtors 5 2,425,471 3,648,281
Cash at bank 284,299 108,581
2,709,770 3,756,862
CREDITORS
Amounts falling due within one year 6 (1,710,577 ) (2,280,693 )
NET CURRENT ASSETS 999,193 1,476,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,002,578

1,481,246

CREDITORS
Amounts falling due after more than one
year

7

-

(36,217

)
NET ASSETS 1,002,578 1,445,029

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 10 942,578 1,385,029
SHAREHOLDERS' FUNDS 1,002,578 1,445,029

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





A Arya - Director


FTFPARTNERS LTD (REGISTERED NUMBER: 04116571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

FTFpartners Ltd 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods provided in the normal normal course of business, net of discounts and value added tax.

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 etc - 25% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date and are solely in connection with the companies trade. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company is dependent upon debt finance for provision of working capital, During 2024 the company has agreed loan facilities with its bankers, Clydesdale Bank Plc, for the provision of trade finance. This facility expires in October 2025 but the Directors see no reason why this facility should not be renewed. The Directors considers that this debt facility will enable the company to continue trading after its normal fashion. Consequently the financial statements have been prepared on the going concern basis on the assumption that the company will be able to carry on business as a going concern for the foreseeable future.

FTFPARTNERS LTD (REGISTERED NUMBER: 04116571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 40,390
DEPRECIATION
At 1 January 2024 35,313
Charge for year 1,692
At 31 December 2024 37,005
NET BOOK VALUE
At 31 December 2024 3,385
At 31 December 2023 5,077

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,418,582 3,632,777
Other debtors 6,889 15,504
2,425,471 3,648,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 75,000 62,616
Trade creditors 1,249,924 1,706,309
Taxation and social security 148,790 341,017
Other creditors 236,863 170,751
1,710,577 2,280,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) - 36,217

Bank loans are secured loans from the company's bankers. Other loans are loans from finance houses.The sums repayable within one year are shown within creditors: amounts falling due within one year.

FTFPARTNERS LTD (REGISTERED NUMBER: 04116571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans repayable within
one year 75,000 62,616
Other loans 191,127 -
266,127 62,616

Amounts falling due between one and two years:
Bank loans - 1-2 years - 36,217

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 75,000 98,833

The company's bankers hold a fixed and floating charge over all of the assets of the company in respect of any sums due to them in respect of loans or otherwise.

10. RESERVES
Retained
earnings
£   

At 1 January 2024 1,385,029
Profit for the year 412,549
Dividends (855,000 )
At 31 December 2024 942,578

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sanjay Gosar Shah (Senior Statutory Auditor)
for and on behalf of William Evans & Partners

12. OTHER FINANCIAL COMMITMENTS

The company has a rental obligation as follows:


Expiring within 2-5 Years:£12.948 per annum

FTFPARTNERS LTD (REGISTERED NUMBER: 04116571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

13. RELATED PARTY DISCLOSURES

B Arya, A Arya and D H Frankfort, who are directors of this company, have received dividends in their capacity as shareholders in the year as follows: B Arya : £256,500 ( 2023: £292,500); A Arya £256,500 ( 2023: £292,500); and DH Frankfort £342.000 ( 2023: £390,000).

Two of the directors have given guarantees to the company's bankers in the following sums: A Arya: £390,000; D Frankfort: £260,000.

14. POST BALANCE SHEET EVENTS

The company has customers in Algeria and in 2025 that country's central bank, the Bank of Algeria, has been imposing restrictions and delays on the export of foreign currency. The consequence is that the company has significant overdue debts where the Bank of Algeria has held back payment.

As a result terms of credit to these customers are necessarily extended beyond contractual terms.

The company does not expect to incur any loss from these measures.

15. ULTIMATE CONTROLLING PARTY

B Arya and A Arya, who are connected persons, are the owners of 60% of the issued shares and are therefore the ultimate controlling parties.

16. GOING CONCERN

The company is dependent for its day to day funding on credit facilities granted by its bankers, Clydesdale Bank. These facilities are due for renewal on 28th October 2025. Were the bank not to renew the facility the company would be unable to continue trading after its normal fashion and the going concern would not be appropriate. The directors see no reason why the bank should not renew its credit facilities and therefore consider that the going concern basis of preparation of the financial statements is appropriate.