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Registered Number: 10577333
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2023

for

FOUNDATIONS HOLDINGS LIMITED

Directors G Arnone
L Morales
Registered Number 10577333
Registered Office 69-71 Commercial Way
Woking
Surrey
GU21 6HN
Accountants Sole Associates SVR Ltd
3 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD
Secretary Sole Associates SVR Ltd Limited
1
Report to the directors on the preparation of the unaudited statutory accounts of Foundations Holdings Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Foundations Holdings Limited for the year ended 31 December 2023 which comprise of the Income Statement, the Statement of Financial Position and the related notes from the companys accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Foundations Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 03 July 2024 Our work has been undertaken solely to prepare for your approval the accounts of Foundations Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Foundations Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Foundations Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Foundations Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Foundations Holdings Limited. You consider that Foundations Holdings Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Foundations Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2023



....................................................
Sole Associates SVR Ltd
3 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD
03 July 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Investments 3 250    250 
250    250 
Current assets      
Debtors: amounts falling due within one year 4 200    200 
Creditors: amount falling due within one year 5 (250)   (250)
Net current assets (50)   (50)
 
Total assets less current liabilities 200    200 
Net assets 200    200 
 

Capital and reserves
     
Called up share capital 6 200    200 
Profit and loss account  
Shareholders' funds 200    200 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 July 2024 and were signed on its behalf by:


-------------------------------
L Morales
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2022 200  200 
Profit for the year 198,000  198,000 
Total comprehensive income for the year 198,000  198,000 
Dividends (198,000) (198,000)
Total investments by and distributions to owners (198,000) (198,000)
At 31 December 2022 200  200 
At 01 January 2023
Profit for the year 226,000  226,000 
Total comprehensive income for the year 226,000  226,000 
Dividends (226,000) (226,000)
Shares issued 200  200 
Total investments by and distributions to owners 200  (226,000) (225,800)
At 31 December 2023 200  200 
4
General Information
Foundations Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 10577333, registration address 69-71 Commercial Way, Woking, Surrey, GU21 6HN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiaries comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023 250    250 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 250    250 

4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 200    200 
200    200 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Other Creditors 250    250 
250    250 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
200 Class A shares of £1.00 each 200    200 
200    200 

5