Registered number
09054487
Facility Performance Consulting Limited
Unaudited Filleted Accounts
31 December 2024
Facility Performance Consulting Limited
Registered number: 09054487
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,314,653 1,315,429
Investments 4 743,135 743,135
2,057,788 2,058,564
Current assets
Debtors 5 1,930,853 1,519,172
Cash at bank and in hand 356,124 1,223,500
2,286,977 2,742,672
Creditors: amounts falling due within one year 6 (660,445) (928,909)
Net current assets 1,626,532 1,813,763
Total assets less current liabilities 3,684,320 3,872,327
Creditors: amounts falling due after more than one year 7 (901,493) (901,493)
Provisions for liabilities (29,984) (25,281)
Net assets 2,752,843 2,945,553
Capital and reserves
Called up share capital 102 102
Profit and loss account 2,752,741 2,945,451
Shareholders' funds 2,752,843 2,945,553
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Francis
Director
Approved by the board on 29 September 2025
Facility Performance Consulting Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings over 50 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. One of the investment properties has been valued by an independent valuer and that valuation is included here.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company (including Directors)
32 22
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 1,276,263 87,881 1,364,144
Additions - 40,534 40,534
At 31 December 2024 1,276,263 128,415 1,404,678
Depreciation
At 1 January 2024 25,525 23,190 48,715
Charge for the year 25,526 15,784 41,310
At 31 December 2024 51,051 38,974 90,025
Net book value
At 31 December 2024 1,225,212 89,441 1,314,653
At 31 December 2023 1,250,738 64,691 1,315,429
4 Investments
Other
investments
£
Cost
At 1 January 2024 743,135
At 31 December 2024 743,135
Historical cost
At 1 January 2024 674,768
At 31 December 2024 674,768
The properties have been valued at 31 December 2024 by the director of the company in line
with market value.
5 Debtors 2024 2023
£ £
Trade debtors 1,391,184 1,289,503
Other debtors 539,669 229,669
1,930,853 1,519,172
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 99,507 99,507
Trade creditors 47,190 67,017
Corporation tax 154,590 361,968
Other taxes and social security costs 332,540 384,108
Other creditors 26,618 16,309
660,445 928,909
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 901,493 901,493
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D Francis
Interest free loan 45,000 - - 45,000
45,000 - - 45,000
9 Other information
Facility Performance Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Stanley Building
7 Pancras Square
London
N1C 4AG
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