Company No: 07248699 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr R R Belger
	Mr M J Bissett
	Mr J F Thompson

REGISTERED OFFICE	264 Banbury Road
	Summertown
	Oxford
	OX2 7DY
	United Kingdom

COMPANY NUMBER

07248699 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2024		2023
		£		£
Current assets
Debtors	3	38,495		34,174
Cash at bank and in hand		1,834		7,556
		40,329		41,730
Creditors: amounts falling due within one year	4	( 10,255)		( 14,981)
Net current assets		30,074		26,749
Total assets less current liabilities		30,074		26,749
Creditors: amounts falling due after more than one year	5	( 15,363)		( 21,215)
Net assets		14,711		5,534
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		14,611		5,434
Total shareholder's funds		14,711		5,534

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of F3C Advantage Limited (registered number: 07248699) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Mr J F Thompson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

F3C Advantage Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Summertown, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances and amounts owed by related parties, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Debtors

	2024		2023
	£		£
Trade debtors	5,995		1,584
Amounts owed by Group undertakings	32,500		32,000
Other debtors	0		590
	38,495		34,174

4. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	3,000		2,191
Taxation and social security	1,559		139
Other creditors	5,696		12,651
	10,255		14,981

At the year end, the company owed £3,000 to HWL Innovation Limited, a 100% subsidiary of Wisdom in Practice Group Limited.

5. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other loans	15,363		21,215

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

7. Related party transactions

During the year royalties of £43,450 (2023: £26,100) were paid to HWL Innovation Limited, a company in which J F Thompson, R R Belger and M J Bissett are directors.

At the year end the company was owed £Nil (2023: 32,000) from HWL Innovation Limited,.

At the year end the company was owed £32,500 (2023: £Nil) by Wisdom in Practice Group Limited.

8. Ultimate controlling party

The ultimate controlling party is R R Belger.

The immediate parent company is Wisdom in Practice Group Limited, a company registered in England and Wales, by virtue of their majority shareholding.