Company Registration No. 10002126 (England and Wales)
FCC (Rights) Ltd
Unaudited accounts
for the year ended 31 March 2022
FCC (Rights) Ltd
Unaudited accounts
Contents
FCC (Rights) Ltd
Company Information
for the year ended 31 March 2022
Directors
Nicholas Newton
Edward Andrew Crozier
Richard Wolfe
Peter BG McInerny
Company Number
10002126 (England and Wales)
Registered Office
6 Russell Grove
London
SW9 6HS
United Kingdon
Accountants
River CCyF Limited
2 Orchard Grove
Kilmacolm
Renfrewshire
PA13 4HQ
FCC (Rights) Ltd
Accountants' report
Accountants' report to the board of directors of FCC (Rights) Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FCC (Rights) Ltd for the year ended
31 March 2022 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FCC (Rights) Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FCC (Rights) Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FCC (Rights) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FCC (Rights) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FCC (Rights) Ltd. You consider that FCC (Rights) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FCC (Rights) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
River CCyF Limited
2 Orchard Grove
Kilmacolm
Renfrewshire
PA13 4HQ
29 December 2022
FCC (Rights) Ltd
Statement of financial position
as at
31 March 2022
Intangible assets
32,685
17,000
Cash at bank and in hand
12,338
36,900
Creditors: amounts falling due within one year
(557)
(820)
Net current assets
26,869
56,457
Called up share capital
1,350
1,350
Share premium
148,950
148,950
Profit and loss account
(90,746)
(76,843)
Shareholders' funds
59,554
73,457
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2022 and were signed on its behalf by
Nicholas Newton
Director
Company Registration No. 10002126
FCC (Rights) Ltd
Notes to the Accounts
for the year ended 31 March 2022
FCC (Rights) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10002126. The registered office is 6 Russell Grove, London, SW9 6HS, United Kingdon.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Written off at 25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The directors do not consider that any amortisation is required for currently Intangible fixed assets.
Judgements in applying accounting policies and key sources of estimation and uncertainty
The preparation of financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported for assets and
liabilities as at the reporting date and the revenues and expenses during the period.
The nature of estimation means that the actual outcomes could differ from estimates.
Expenditure on research and development is written off in the year in which it is incurred.
FCC (Rights) Ltd
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Other
During the year the company increased its holding of Intellectual property rights through additional net expenditure of £15,685
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Amounts falling due within one year
Accrued income and prepayments
-
5,320
Other debtors
15,000
15,000
7
Creditors: amounts falling due within one year
2022
2021
FCC (Rights) Ltd
Notes to the Accounts
for the year ended 31 March 2022
8
Share capital
2022
2021
Allotted, called up and fully paid:
1,350 Ordinary shares of £1 each
1,350
1,350
9
Transactions with related parties
At the reporting date the company was owed £15,000 by Nicholas Newton, a director of the company in respect of share capital. The balance does not attract interest. The balance is included in debtors.
During the year a further 100 Ordinary Management shares were issued to Nicholas Newton 85
and Edward Crozier 15
10
Average number of employees
During the year the average number of employees was 4 (2021: 4).