FT Tech Europe Limited Filleted accounts for Companies House (small and micro)

FT TECH EUROPE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06423374

FT Tech Europe Limited

Filleted Unaudited Financial Statements

30 June 2019

FT Tech Europe Limited

Balance Sheet

30 June 2019

	2019		2018
Note	£	£	£

Current assets

Cash at bank and in hand	1,202,415		1,202,475

Creditors: amounts falling due within one year	5	1,200,000		1,200,000
		------------		------------
Net current assets			2,415	2,475
			-------	-------
Total assets less current liabilities			2,415	2,475
			-------	-------

Capital and reserves

Called up share capital	2,850	2,850
Profit and loss account	( 435)	( 375)
	-------	-------
Shareholders funds	2,415	2,475
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings (including profit and loss account) has not been delivered.

For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 March 2020 , and are signed on behalf of the board by:

Dr S Kapartis-Executive Chairman

Director

Company registration number: 06423374

FT Tech Europe Limited

Notes to the Financial Statements

Year ended 30 June 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sunbury House, Brooklands Close, Sunbury-on-Thames, TW16 7DX.

2. Statement of compliance

These individual financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', Companies Act 2006 and FRC Abstracts.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year, including the directors, amounted to 3 (2018: 3).

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Other creditors	1,200,000	1,200,000
	------------	------------

6. Related party transactions

At the 30 June 2019 the company owed a company controlled by the directors £ 1,200,000 (2018 £1,200,000), included in other creditors.