Company Registration No. 04853676 (England and Wales)
FriendsReunited Holdings Limited
unaudited financial statements
for the year ended 31 March 2021
Pages for filing with Registrar
FriendsReunited Holdings Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FriendsReunited Holdings Limited
Balance sheet
as at 31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
221,655
221,655
Net current assets
221,655
221,655
Capital and reserves
Called up share capital
4
2,560
2,560
Share premium account
5
207,570
207,570
Profit and loss reserves
6
11,525
11,525
Total equity
221,655
221,655
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 October 2021 and are signed on its behalf by:
RP Daly
Director
Company Registration No. 04853676
FriendsReunited Holdings Limited
Notes to the financial statements
for the year ended 31 March 2021
- 2 -
1
Accounting policies
Company information
FriendsReunited Holdings Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
185 Fleet Street, London, EC4A 2HS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During
this time,
the company received no income and incurred no expenditure and therefore no
Profit and loss account
is presented
in these financial statements.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts due from group undertakings
221,655
221,655
Amounts due from group undertakings have no fixed repayment terms and no interest applies.
FriendsReunited Holdings Limited
Notes to the financial statements (continued)
for the year ended 31 March 2021
- 3 -
4
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
142,000 A Ordinary shares of 1p each
1,420
1,420
55,500 B Ordinary shares of 1p each
555
555
58,506 C Ordinary shares of 1p each
585
585
2,560
2,560
A Ordinary shares are entitled to one vote per share and have a participating right to both dividends and equity.
B Ordinary shares are entitled one vote per share, have a participating right to equity but no rights to dividends.
C Ordinary shares have no right to vote, have a participating right to equity but no rights to dividends.
5
Share premium account
Share premium account includes any premiums received on the issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
6
Profit and loss reserves
Profit and loss reserves include all current and prior period retained profits and losses.
7
Parent company
The company is a wholly owned subsidiary of brightsolid online innovation limited, a company registered in Great Britain and incorporated in Scotland.
The ultimate parent company is D.C. Thomson & Company Limited, a company registered in Great Britain and incorporated in Scotland.
There is no individual controlling party of D.C. Thomson & Company Limited.