Face2face Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05969757 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

FACE2FACE HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Swire

REGISTERED OFFICE:

Independent House

49-51 Church Street

Littleborough

OL15 8AB

REGISTERED NUMBER:

05969757 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Investment property

4

236,745

236,745

CURRENT ASSETS

Debtors

5

521

-

Cash at bank

4,598

1,557

5,119

1,557

CREDITORS

Amounts falling due within one year

6

98,750

103,166

NET CURRENT LIABILITIES

(93,631

)

(101,609

)

TOTAL ASSETS LESS CURRENT LIABILITIES

143,114

135,136

CREDITORS

Amounts falling due after more than one year

7

73,421

87,028

NET ASSETS

69,693

48,108

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

69,691

48,106

SHAREHOLDERS' FUNDS

69,693

48,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2021 and were signed by:

J Swire - Director

1.	STATUTORY INFORMATION

Face2face Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

236,745

NET BOOK VALUE

At 31 March 2021

236,745

At 31 March 2020

236,745

In the opinion of the director the market value of the properties is the same as cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

521

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

12,000

12,000

Amounts owed to group undertakings

77,987

85,987

Taxation and social security

5,063

1,479

Other creditors

3,700

3,700

98,750

103,166

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

73,421

87,028

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

25,421

39,028

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

85,421

99,028

The bank loan is secured by a legal mortgage dated 24 November 2006 over the freehold property of the company in favour of The Royal Bank of Scotland plc.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J Swire.