| Financial Development Company UK LImited |
| Registered number: |
06825247 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
57,887 |
|
|
57,887 |
|
| Current assets |
| Debtors |
4 |
|
32,379 |
|
|
32,379 |
| Investments held as current assets |
5 |
|
17,270 |
|
|
17,270 |
| Cash at bank and in hand |
|
|
32,124 |
|
|
32,124 |
|
|
|
81,773 |
|
|
81,773 |
|
| Creditors: amounts falling due within one year |
6 |
|
(211,056) |
|
|
(211,056) |
|
| Net current liabilities |
|
|
|
(129,283) |
|
|
(129,283) |
|
| Total assets less current liabilities |
|
|
|
(71,396) |
|
|
(71,396) |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(53,549) |
|
|
(53,549) |
|
|
|
| Net liabilities |
|
|
|
(124,945) |
|
|
(124,945) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
50,000 |
|
|
50,000 |
| Profit and loss account |
|
|
|
(174,945) |
|
|
(174,945) |
|
| Shareholders' funds |
|
|
|
(124,945) |
|
|
(124,945) |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
|
|
|
| Roberto Alladio |
| Director |
| Approved by the board on 4 November 2025 |
|
| Financial Development Company UK LImited |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 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). |
|
|
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. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
| £ |
£ |
£ |
|
Cost |
|
|
At 28 February 2025 |
- |
|
57,887 |
|
57,887 |
|
|
The company holds 10% or more of the share capital of the following companies: |
|
Company |
Shares held |
|
|
|
|
|
|
Class |
% |
|
FINDECO LIMITED (Hong Kong) |
Ordinary |
100 |
|
FINDECO LIMITED (United Kingdom) |
Ordinary |
100 |
|
FINDECO LLC (United States of America) |
Ordinary |
100 |
|
QUINCY CAPITAL LLLP (United States of America) |
Ordinary |
10 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
32,379 |
|
32,379 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
Fair value |
|
Listed investments |
17,270 |
|
17,270 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
660 |
|
660 |
|
Other creditors |
210,396 |
|
210,396 |
|
|
|
|
|
|
211,056 |
|
211,056 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
53,549 |
|
53,549 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Financial Development Company UK LImited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite V3 |
|
102 Langdale House |
|
11 Marshalsea Road |
|
London |
|
SE1 1EN |