REGISTERED NUMBER: 05566345 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

FS-ELLIOTT (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E De Campos

REGISTERED OFFICE:

Victoria House

39 Winchester Street

Basingstoke

Hampshire

RG21 7EQ

REGISTERED NUMBER:

05566345 (England and Wales)

AUDITORS:

CBHC (Audit) Ltd

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

CURRENT ASSETS

Debtors

5

3,319,388

3,050,632

Cash at bank

6,633

10,172

3,326,021

3,060,804

CREDITORS

Amounts falling due within one year

6

(161,570

)

(94,634

)

NET CURRENT ASSETS

3,164,451

2,966,170

TOTAL ASSETS LESS CURRENT LIABILITIES

3,164,451

2,966,170

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,164,450

2,966,169

SHAREHOLDERS' FUNDS

3,164,451

2,966,170

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 director and authorised for issue on 25th September 2025 and were signed by:

E De Campos - Director

1.	STATUTORY INFORMATION

FS-Elliott (UK) Limited 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.

Turnover

Turnover represents fees for marketing and selling services. Turnover is recognised upon provision of the service to the customer.

Included within turnover is an adjustment for VAT receipts as expenses are posted at gross with a year end adjustment to other income.

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

-

33% on cost and 15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 director considers it appropriate to adopt the going concern basis because the company's immediate parent company, FS Elliott Co. LLC, has agreed to ensure that sufficient funds are made available, to enable the company to continue to trade and to meet its liabilities as they fall due, for a period of not less than one year from the date of approval of these financial statements.

Financial liability and equity

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

13,864

DEPRECIATION

At 1st January 2024

and 31st December 2024

13,864

NET BOOK VALUE

At 31st December 2024

-

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

3,244,230

2,982,108

Other debtors

75,158

64,330

3,319,388

3,046,438

Amounts falling due after more than one year:

Other debtors

-

4,194

Aggregate amounts

3,319,388

3,050,632

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

587

934

Taxation and social security

116,551

48,232

Other creditors

44,432

45,468

161,570

94,634

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

15,604

8.	DEFERRED TAX

£

Balance at 1st January 2024

(191

)

Accelerated capital allowances

(15

)

Balance at 31st December 2024

(206

)

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

The Report of the Auditors was unqualified.

Peter Sartain (FCCA) (Senior Statutory Auditor)

for and on behalf of CBHC (Audit) Ltd

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds.

The pension charge amounted to £50,651 (2023 - £52,154).

11.	RELATED PARTY DISCLOSURES

During the period, the company received management fee income from its immediate parent company, FS Elliott Co. LLC, in the amount of £1,222,111 (2023 - £1,185,200) in exchange for marketing and selling services. As at 31 December 2024, £3,244,230 was due from the immediate parent company, (2023 - £3,003,091).

During the period the immediate parent company, FS Elliott Co. LLC, provided working capital facilities to the company by way of funding all expenses.

12.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13.	ULTIMATE PARENT COMPANY

As at 31 December 2024 the company's ultimate parent company was Fu-Sheng Industrial Co. Limited (incorporated in Taiwan), which is the parent of both the smallest and largest groups of which the company is a member.

Copies of the consolidated financial statements of Fu-Sheng Industrial Co. Limited (incorporated in Taiwan) are available by writing to Fu- Sheng Industrial Co. Limited, No. 172 Nanking East Road, Sec 2, Taipei, Taiwan, R.O.C.