IRIS Accounts Production v23.3.1.45 06390660 Board of Directors 1.7.22 30.6.23 30.6.23 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063906602022-06-30063906602023-06-30063906602022-07-012023-06-30063906602021-06-30063906602021-07-012022-06-30063906602022-06-3006390660ns10:Originalns15:EnglandWales2022-07-012023-06-3006390660ns14:PoundSterlingns10:Original2022-07-012023-06-3006390660ns10:Originalns10:Director12022-07-012023-06-3006390660ns10:Original2022-07-012023-06-3006390660ns10:Original2023-06-3006390660ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3006390660ns10:Originalns10:SmallEntities2022-07-012023-06-3006390660ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3006390660ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3006390660ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3006390660ns10:Originalns10:FullAccounts2022-07-012023-06-3006390660ns10:Original2021-07-012022-06-3006390660ns10:Originalns10:Director32022-07-012023-06-3006390660ns10:Originalns10:RegisteredOffice2022-07-012023-06-3006390660ns10:Original2022-06-3006390660ns10:Originalns5:CurrentFinancialInstruments2023-06-3006390660ns10:Originalns5:CurrentFinancialInstruments2022-06-3006390660ns5:ShareCapitalns10:Original2023-06-3006390660ns5:ShareCapitalns10:Original2022-06-3006390660ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3006390660ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3006390660ns10:Originalns5:CostValuation2022-06-30
REGISTERED NUMBER: 06390660 (England and Wales)










Unaudited Financial Statements

For The Year Ended 30 June 2023

for

Findout 2 Limited

Findout 2 Limited (Registered number: 06390660)






Contents of the Financial Statements
For The Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Findout 2 Limited

Company Information
For The Year Ended 30 June 2023







DIRECTORS: I P Lazell
R J Tuck





REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN





REGISTERED NUMBER: 06390660 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Findout 2 Limited (Registered number: 06390660)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 750,098 750,098

CURRENT ASSETS
Cash at bank - 1,035

CREDITORS
Amounts falling due within one year 5 297,998 294,210
NET CURRENT LIABILITIES (297,998 ) (293,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,100

456,923

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 451,100 455,923
SHAREHOLDERS' FUNDS 452,100 456,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 4 March 2024 and were signed on its behalf by:





R J Tuck - Director


Findout 2 Limited (Registered number: 06390660)

Notes to the Financial Statements
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Findout 2 Limited 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Findout 2 Limited (Registered number: 06390660)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price including transaction costs.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies that are classified as debt, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised at transaction price.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

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.


Findout 2 Limited (Registered number: 06390660)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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.

Investments
Fixed Asset investments are stated in the balance sheet at cost less provision for any permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 750,098
NET BOOK VALUE
At 30 June 2023 750,098
At 30 June 2022 750,098

The company's fixed asset investment in shares in group undertakings are shown at cost less diminution in value.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed to group undertakings 238,458 230,487
Taxation and social security - 624
Other creditors 59,540 63,099
297,998 294,210

Findout 2 Limited (Registered number: 06390660)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid: Nominal 30.6.18 31.12.16
Number: Class: Value £ £

432 Ordinary A Shares £1 432 136

432 Ordinary B Shares £1 432 136

136 Ordinary C Shares £1 136 136

1,000 1,000