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REGISTERED NUMBER: 10841760 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

FODIENS IN POSTERUM LTD

FODIENS IN POSTERUM LTD (REGISTERED NUMBER: 10841760)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FODIENS IN POSTERUM LTD

COMPANY INFORMATION
for the Year Ended 31 January 2022







DIRECTORS: C Brosnahan
V.R.W. Woods
Professor M C Zenetos





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 10841760 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

FODIENS IN POSTERUM LTD (REGISTERED NUMBER: 10841760)

STATEMENT OF FINANCIAL POSITION
31 January 2022

31.1.22 31.1.21
Notes £    £   
CURRENT ASSETS
Debtors 4 24,273 23,912
Investments 5 364,044,818 364,044,818
Cash at bank - 2,060
364,069,091 364,070,790
CREDITORS
Amounts falling due within one year 6 70,027 64,211
NET CURRENT ASSETS 363,999,064 364,006,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,999,064

364,006,579

CREDITORS
Amounts falling due after more than one
year

7

(46,857

)

(46,857

)

PROVISIONS FOR LIABILITIES (59,554,820 ) (59,554,820 )
NET ASSETS 304,397,387 304,404,902

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Share premium 50,509,718 50,509,718
Fair value reserve 8 253,891,600 253,891,600
Retained earnings (5,431 ) 2,084
SHAREHOLDERS' FUNDS 304,397,387 304,404,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FODIENS IN POSTERUM LTD (REGISTERED NUMBER: 10841760)

STATEMENT OF FINANCIAL POSITION - continued
31 January 2022


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 Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





V.R.W. Woods - Director


FODIENS IN POSTERUM LTD (REGISTERED NUMBER: 10841760)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Fodiens in Posterum 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FODIENS IN POSTERUM LTD (REGISTERED NUMBER: 10841760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2022

2. ACCOUNTING POLICIES - continued

Current assets investment
Investment in current assets is shown at most recent valuation. Any aggregate surplus or deficits arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Other debtors 24,273 23,912

5. CURRENT ASSET INVESTMENTS
31.1.22 31.1.21
£    £   
Investment in precious stones 364,044,818 364,044,818

All the precious stones have been valued by Prof Dr Miguel Carlos Zenetos, a qualified gemologist who is also a director and shareholder of the company.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans and overdrafts 1,082 3,142
Trade creditors 9,345 6,730
Taxation and social security 25,401 24,790
Other creditors 34,199 29,549
70,027 64,211

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.22 31.1.21
£    £   
Bank loans 46,857 46,857

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,032 7,032

8. RESERVES
Fair
value
reserve
£   
At 1 February 2021
and 31 January 2022 253,891,600

FODIENS IN POSTERUM LTD (REGISTERED NUMBER: 10841760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2022

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

31.1.22 31.1.21
£    £   
C Brosnahan
Balance outstanding at start of year 17,977 -
Amounts advanced 360 86,956
Amounts repaid - (68,979 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,337 17,977

Included within amount advanced is an interest of £360 charged on overdrawn loan balance at HMRC prescribed rates. All outstanding loan balances are repayable on demand and personally guaranteed by the director.