22 February 2023 false No description of principal activity Taxfiler 2024.5 14682884business:PrivateLimitedCompanyLtd2023-02-222024-03-31 146828842023-02-21 146828842023-02-222024-03-31 14682884business:AuditExemptWithAccountantsReport2023-02-222024-03-31 14682884business:FilletedAccounts2023-02-222024-03-31 146828842024-03-31 14682884business:Director12023-02-222024-03-31 14682884business:RegisteredOffice2023-02-222024-03-31 14682884core:WithinOneYear2024-03-31 14682884core:AfterOneYear2024-03-31 14682884core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14682884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14682884core:PreviouslyStatedAmount2024-03-31 14682884business:SmallEntities2023-02-222024-03-31 14682884countries:EnglandWales2023-02-222024-03-31 iso4217:GBP xbrli:pure
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
Page
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Found Investments Limited Company Information for the period from 22 February 2023 to 31 March 2024
Director
James Rogers
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
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Found Investments Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Investment property
141,020 
Current assets
Debtors
748 
Cash at bank and in hand
1,706 
2,454 
Creditors: amounts falling due within one year
(685)
Net current assets
1,769 
Total assets less current liabilities
142,789 
Creditors: amounts falling due after more than one year
(142,000)
Net assets
789 
Capital and reserves
Called up share capital
1 
Profit and loss account
788 
Shareholders' funds
789 
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
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Found Investments Limited Notes to the Accounts for the period from 22 February 2023 to 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
Investment property
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
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.
4
Investment property
2024 
£ 
Additions
141,020 
At 31 March 2024
141,020 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
747 
Amounts due from group undertakings etc.
1 
748 
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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 
Accruals
500 
685 
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.
9
Controlling party
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.
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