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Registered number: 09782945
FIRSTCO HOLDINGS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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FIRSTCO HOLDINGS LIMITED
COMPANY INFORMATION
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Chartered Accountants and Statutory Auditors
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FIRSTCO HOLDINGS LIMITED
CONTENTS
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Notes to the Financial Statements
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FIRSTCO HOLDINGS LIMITED
REGISTERED NUMBER: 09782945
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Capital redemption reserve
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 5 form part of these financial statements.
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FIRSTCO HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Firstco Holdings Limited is a company limited by shares incorporated in England & Wales under the Companies Act 2006. The address of the registered office is 5th floor South, 33 Cavendish Square, London, W1G 0PW.
The principal activity of the Company is that of a Holding Company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The accounting policies have been applied consistently throughout the period.
The following principal accounting policies have been applied:
The financial statements have been prepared on the going concern basis as the Directors are satisfied that the Company will continue to have access to sufficient resources to meet the working capital requirements of the Company for a period of at least twelve months from the date of signing of these financial statements.
Turnover represents dividends received from subsidiary companies.
The financial statements present information about the Company as an individual undertaking and not about its group. The Company and its subsidiary undertakings comprise a small sized group. The Company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare consolidated financial statements.
Investments in subsidiaries are measured at cost less accumulated impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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FIRSTCO HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.
There are no judgments made that have a significant effect on the amounts recognised in the financial statements.
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There were no employees other than the Directors during the period. No Director received remuneration through this company.
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The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
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Investments in subsidiary companies
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FIRSTCO HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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The following were subsidiary undertakings of the Company:
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4 Celbridge Mews, London, W2 6EU
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70 West Madison St, Ste 5750, Chicago, Illinois 60602
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The aggregate of the share capital and reserves as at 31 December 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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FIRSTCO HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Allotted, called up and fully paid
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255,000 (2023 - 255,000) Ordinary shares of £1.00 each
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800,000 (2023 - 800,000) Ordinary "A" shares of £1.00 each
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20,000 (2023 - 20,000) Ordinary "B" shares of £1.00 each
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Ordinary shares, Ordinary A shares and Ordinary B shares have full voting rights, the right to receive dividends and to participate in a distribution. Ordinary A shares are subject to pre-emption rights.
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Related party transactions
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The Company is exempt under FRS102 s33.1A from disclosing transactions with group members where 100% of the voting rights are controlled within the group.
At the year end the Company owed Firstco Limited, its wholly owned subsidiary, £1,026,671 (2023: £1,026,671).
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The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed16 September 2025 by Graham Wintle (Senior Statutory Auditor) on behalf of MKS.
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