REGISTERED NUMBER: 07703677 (England and Wales) ABBREVIATED UNAUDITED ACCOUNTS FOR THE PERIOD 1 AUGUST 2012 TO 31 MARCH 2013 FOR FCM MASTER FRANCHISE LTD
FCM MASTER FRANCHISE LTD (REGISTERED NUMBER: 07703677) CONTENTS OF THE ABBREVIATED ACCOUNTS for the Period 1 AUGUST 2012 TO 31 MARCH 2013 Page Company Information 1 Abbreviated Balance Sheet 2 Notes to the Abbreviated Accounts 4
FCM MASTER FRANCHISE LTD COMPANY INFORMATION for the Period 1 AUGUST 2012 TO 31 MARCH 2013 DIRECTORS: J Lopez-Chicheri B Marquez Porral SECRETARY: REGISTERED OFFICE: 83 Mortimer Street London W1W 7SL REGISTERED NUMBER: 07703677 (England and Wales) ACCOUNTANTS: Knight & Company Chartered Accountants 11 Castle Hill Maidenhead Berkshire SL6 4AA
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FCM MASTER FRANCHISE LTD (REGISTERED NUMBER: 07703677) ABBREVIATED BALANCE SHEET 31 MARCH 2013 31/3/13 31/7/12 Notes FIXED ASSETS Tangible assets 2 7,188 3,452 Investments 3 16-7,204 3,452 CURRENT ASSETS Debtors 1,275,702 678,045 Cash at bank 310,596 384,561 1,586,298 1,062,606 CREDITORS Amounts falling due within one year 123,785 262,153 NET CURRENT ASSETS 1,462,513 800,453 TOTAL ASSETS LESS CURRENT LIABILITIES 1,469,717 803,905 CREDITORS Amounts falling due after more than one year 2,055,085 1,126,419 NET LIABILITIES (585,368) (322,514) CAPITAL AND RESERVES Called up share capital 4 9 9 Profit and loss account (585,377) (322,523) SHAREHOLDERS' FUNDS (585,368) (322,514) The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2013. The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2013 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: ensuring that the company keeps accounting records which comply with Sections 386 and (a) 387 of the Companies Act 2006 and 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 (b) 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 notes form part of these abbreviated accounts Page 2 continued...
FCM MASTER FRANCHISE LTD (REGISTERED NUMBER: 07703677) ABBREVIATED BALANCE SHEET - continued 31 MARCH 2013 The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Directors on 18 December 2013 and were signed on its behalf by: G Eagell - Director
The notes form part of these abbreviated accounts Page 3
FCM MASTER FRANCHISE LTD (REGISTERED NUMBER: 07703677) NOTES TO THE ABBREVIATED ACCOUNTS for the Period 1 AUGUST 2012 TO 31 MARCH 2013 1. ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Turnover Turnover represents net invoiced sales of goods, excluding value added tax. Revenue is recognised when: a. Licenses are charged to the salons for the period concerned; and b. Recharged capital and operational costs are apportioned to the salons for the period concerned. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost and 25% on reducing balance Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Going concern The directors consider it appropriate to prepare financial statements on a going concern basis as the company is reliant on the funding provided by its parent, Core Alternative Assets S.R.L. For at least 12 months from the date of signing these accounts, the company is dependant upon the financial support of its parent. No financial information has been made available to us of the financial affairs of Core Alternative Assets S.R.L. 2. TANGIBLE FIXED ASSETS Total COST At 1 August 2012 5,106 Additions 5,807 At 31 March 2013 10,913 DEPRECIATION At 1 August 2012 1,654 Charge for period 2,071 At 31 March 2013 3,725 NET BOOK VALUE At 31 March 2013 7,188 At 31 July 2012 3,452
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FCM MASTER FRANCHISE LTD (REGISTERED NUMBER: 07703677) NOTES TO THE ABBREVIATED ACCOUNTS - continued for the Period 1 AUGUST 2012 TO 31 MARCH 2013 3. FIXED ASSET INVESTMENTS Investments other than loans COST Additions 16 At 31 March 2013 16 NET BOOK VALUE At 31 March 2013 16 The company's investments at the balance sheet date in the share capital of companies include the following: MA Hammersmith Ltd Nature of business: Hairdressing and beauty salon % Class of shares: holding Ordinary 100.00 31/3/13 Aggregate capital and reserves (136,804) Loss for the period (136,806) MA Croydon Ltd Nature of business: Hairdressing and beauty salon % Class of shares: holding Ordinary 100.00 31/3/13 Aggregate capital and reserves (91,863) Loss for the period (91,865) MA Mortimer Street Ltd Nature of business: Hairdressing and beauty salon % Class of shares: holding Ordinary 100.00 31/3/13 Aggregate capital and reserves (134,377) Loss for the period (134,379)
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FCM MASTER FRANCHISE LTD (REGISTERED NUMBER: 07703677) NOTES TO THE ABBREVIATED ACCOUNTS - continued for the Period 1 AUGUST 2012 TO 31 MARCH 2013 3. FIXED ASSET INVESTMENTS - continued MA Notting Hill Ltd Nature of business: Hairdressing and beauty salon % Class of shares: holding Ordinary 100.00 31/3/13 Aggregate capital and reserves (119,872) Loss for the period (119,874) MA Soho Ltd Nature of business: Hairdressing and beauty salon % Class of shares: holding Ordinary 100.00 31/3/13 Aggregate capital and reserves (33,869) Loss for the period (33,871) MA Harrow Ltd Nature of business: Hairdressing and beauty salon % Class of shares: holding Ordinary 100.00 31/3/13 Aggregate capital and reserves (94,172) Loss for the period (94,174) MA Sutton Ltd Nature of business: Hairdressing and beauty salon % Class of shares: holding Ordinary 100.00 31/3/13 Aggregate capital and reserves (79,289) Loss for the period (79,291) MA Academy Soho Ltd Nature of business: Hairdressing and beauty salon % Class of shares: holding Ordinary 100.00 4. CALLED UP SHARE CAPITAL Allotted, issued and fully paid:
Number: Class: Nominal 31/3/13 31/7/12 value: 930 Ordinary Page 6 0.01 9 9