Company Registration No. 13029488 (England and Wales)
FundRe Limited
Unaudited accounts
for the year ended 31 December 2023
FundRe Limited
Unaudited accounts
Contents
FundRe Limited
Company Information
for the year ended 31 December 2023
Company Number
13029488 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
FundRe Limited
Statement of financial position
as at 31 December 2023
Intangible assets
295,572
215,385
Cash at bank and in hand
(3)
31,467
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
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
FundRe Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 December 2023
295,572
At 31 December 2023
295,572
At 31 December 2022
215,385
FundRe Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Computer equipment
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
Loans from directors
14,225
-
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).