Company Registration No. 14682884 (England and Wales)
Found Investments Limited
Unaudited accounts
for the period from 22 February 2023 to 31 March 2024
Found Investments Limited
Unaudited accounts
Contents
Found Investments Limited
Company Information
for the period from 22 February 2023 to 31 March 2024
Company Number
14682884 (England and Wales)
Registered Office
24 Burford Court
Rances Lane
Wokingham
Berkshire
RG40 2LJ
England
Accountants
SD Accountants Limited
24 Burford Court
Rances Lane
Wokingham
RG40 2LJ
Found Investments Limited
Statement of financial position
as at 31 March 2024
Investment property
141,020
Cash at bank and in hand
1,706
Creditors: amounts falling due within one year
(685)
Total assets less current liabilities
142,789
Creditors: amounts falling due after more than one year
(142,000)
Profit and loss account
788
For the period ending 31 March 2024 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 24 September 2024 and were signed on its behalf by
James Rogers
Director
Company Registration No. 14682884
Found Investments Limited
Notes to the Accounts
for the period from 22 February 2023 to 31 March 2024
Found Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 14682884. The registered office is 24 Burford Court, Rances Lane, Wokingham, Berkshire, RG40 2LJ, England.
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 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
Amounts due from group undertakings etc.
1
Found Investments Limited
Notes to the Accounts
for the period from 22 February 2023 to 31 March 2024
6
Creditors: amounts falling due within one year
2024
Taxes and social security
185
7
Creditors: amounts falling due after more than one year
2024
Amounts owed to group undertakings and other participating interests
142,000
8
Transactions with related parties
During the Period Ended 31 March 2024, Found Investments Limited received a loan from Found Talent Limited to the sum of £142,000. This loan is repayable on demand.
The ultimate controlling party of Found Investments Limited is Mr J Rogers by virtue of his shareholding in Found Talent Group Limited, the controlling company of Found Investments Limited.
10
Average number of employees
During the period the average number of employees was 0.