FIDUCI-CORP (UK) SERVICES LIMITED Company accounts

COMPANY REGISTRATION NUMBER: 07955777

FIDUCI-CORP (UK) SERVICES LIMITED

Unaudited Financial Statements

31 December 2024

FIDUCI-CORP (UK) SERVICES LIMITED

Financial Statements

Year ended 31 December 2024

Contents	Page

Director's report	1

Income statement	2

Statement of financial position	3

Statement of changes in equity	4

Notes to the financial statements	5

FIDUCI-CORP (UK) SERVICES LIMITED

Director's Report

Year ended 31 December 2024

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Principal activities

The principal activity of the company during the year was the offering of accounting and corporate support services.

Director

The director who served the company during the year was as follows:

Mrs Elena Drakos

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 10 September 2025 and signed on behalf of the board by:

Mrs Elena Drakos
Director

FIDUCI-CORP (UK) SERVICES LIMITED

Income Statement

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	1,076,388	961,647

Cost of sales	( 56,120)	( 37,444)
	------------	---------
Gross profit	1,020,268	924,203

Administrative expenses	( 782,081)	( 625,121)
Other operating income	39	166
	------------	---------
Operating profit	238,226	299,248

Other interest receivable and similar income		74,536	53,615
		------------	---------
Profit before taxation	5	312,762	352,863

Tax on profit	( 81,369)	( 85,652)
	---------	---------
Profit for the financial year	231,393	267,211
	---------	---------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

FIDUCI-CORP (UK) SERVICES LIMITED

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		16,180	22,581

Current assets

Debtors	7	554,835	455,399
Cash at bank and in hand		2,402,789	2,269,815
		------------	------------
		2,957,624	2,725,214

Creditors: amounts falling due within one year	8	253,610		250,227
		------------		------------
Net current assets			2,704,014	2,474,987
			------------	------------
Total assets less current liabilities			2,720,194	2,497,568
			------------	------------
Net assets			2,720,194	2,497,568
			------------	------------

Capital and reserves

Called up share capital	9	1,000	1,000
Profit and loss account	10	2,719,194	2,496,568
		------------	------------
Shareholders funds		2,720,194	2,497,568
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

Mrs Elena Drakos
Director

Company registration number: 07955777

FIDUCI-CORP (UK) SERVICES LIMITED

Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 January 2023	1,000	2,229,357	2,230,357

Profit for the year		267,211	267,211
	-------	------------	------------
Total comprehensive income for the year	–	267,211	267,211

At 31 December 2023	1,000	2,496,568	2,497,568

Profit for the year		231,393	231,393
	-------	------------	------------
Total comprehensive income for the year	–	231,393	231,393

Dividends paid and payable	–	( 8,767)	( 8,767)
	----	-------	-------
Total investments by and distributions to owners	–	( 8,767)	( 8,767)

	-------	------------	------------
At 31 December 2024	1,000	2,719,194	2,720,194
	-------	------------	------------

FIDUCI-CORP (UK) SERVICES LIMITED

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Speen House, Porter Street, London, W1U 6AJ, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (b) No cash flow statement has been presented for the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Fixtures and fittings	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	10,005	9,733
	--------	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024	2,091	95,239	97,330
Additions	–	3,604	3,604
	-------	--------	---------
At 31 December 2024	2,091	98,843	100,934
	-------	--------	---------
Depreciation
At 1 January 2024	1,970	72,779	74,749
Charge for the year	121	9,884	10,005
	-------	--------	---------
At 31 December 2024	2,091	82,663	84,754
	-------	--------	---------
Carrying amount
At 31 December 2024	–	16,180	16,180
	-------	--------	---------
At 31 December 2023	121	22,460	22,581
	-------	--------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	496,039	430,301
Prepayments and accrued income	23,098	22,892
Other debtors	35,698	2,206
	---------	---------
	554,835	455,399
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	96,243	99,558
Accruals and deferred income	63,975	23,160
Corporation tax	80,985	85,573
Social security and other taxes	11,763	24,918
Shareholder account credit balance	–	15,973
Other creditors	644	1,045
	---------	---------
	253,610	250,227
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

10. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

11. Related party transactions

The company was under the control of Mrs Elena Drakos throughout the current and previous year. Mrs Elena Drakos is the sole director.