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Company Registration No. 13029488 (England and Wales)
FundRe Limited Unaudited accounts for the year ended 31 December 2023
FundRe Limited Unaudited accounts Contents
Page
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FundRe Limited Company Information for the year ended 31 December 2023
Director
Yann Idelsen
Company Number
13029488 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ
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FundRe Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
295,572 
215,385 
Tangible assets
142 
285 
295,714 
215,670 
Current assets
Debtors
473 
534 
Cash at bank and in hand
(3)
31,467 
470 
32,001 
Creditors: amounts falling due within one year
(159,220)
(29,261)
Net current (liabilities)/assets
(158,750)
2,740 
Net assets
136,964 
218,410 
Capital and reserves
Called up share capital
1 
1 
Share premium
232,488 
232,488 
Capital contribution reserve
170,000 
105,000 
Profit and loss account
(265,525)
(119,079)
Shareholders' funds
136,964 
218,410 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 September 2024 and were signed on its behalf by
Yann Idelsen Director Company Registration No. 13029488
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FundRe Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
FundRe Limited is a private company, limited by shares, registered in England and Wales, registration number 13029488. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Prior year adjustment
The comparatives have been restated to reclassify £105,000 of convertible securities to "Capital contribution reserve" which were incorrectly classified as "Creditors: amounts falling due within one year".
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
215,385 
Additions
80,187 
At 31 December 2023
295,572 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
295,572 
At 31 December 2022
215,385 
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FundRe Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
428 
At 31 December 2023
428 
Depreciation
At 1 January 2023
143 
Charge for the year
143 
At 31 December 2023
286 
Net book value
At 31 December 2023
142 
At 31 December 2022
285 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
473 
534 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
47,477 
18,064 
Taxes and social security
38,835 
5,343 
Other creditors
47,875 
- 
Loans from directors
14,225 
- 
Accruals
10,808 
5,854 
159,220 
29,261 
8
Capital contribution reserve
Investments received under Simple Agreements for Future Equity (SAFEs). After the balance sheet date these investments have been converted to shares.
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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