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REGISTERED NUMBER: 05800594 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FUTURE DROP LTD

FUTURE DROP LTD (REGISTERED NUMBER: 05800594)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FUTURE DROP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr J R Gabriel



SECRETARY: Mr J R Gabriel



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Daltongate
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 05800594 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

FUTURE DROP LTD (REGISTERED NUMBER: 05800594)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,362 48,348
Investments 5 127,459 72,787
174,821 121,135

CURRENT ASSETS
Debtors 928,678 607,441
Cash at bank 173,584 568,337
1,102,262 1,175,778
CREDITORS
Amounts falling due within one year 50,340 50,532
NET CURRENT ASSETS 1,051,922 1,125,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,226,743

1,246,381

CREDITORS
Amounts falling due after more than one
year

11,813

20,000
NET ASSETS 1,214,930 1,226,381

CAPITAL AND RESERVES
Called up share capital 6 326 326
Retained earnings 1,214,604 1,226,055
SHAREHOLDERS' FUNDS 1,214,930 1,226,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FUTURE DROP LTD (REGISTERED NUMBER: 05800594)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Mr J R Gabriel - Director


FUTURE DROP LTD (REGISTERED NUMBER: 05800594)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Future Drop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 83,923
DEPRECIATION
At 1 May 2023 35,575
Charge for year 986
At 30 April 2024 36,561
NET BOOK VALUE
At 30 April 2024 47,362
At 30 April 2023 48,348

Depreciation of freehold property was introduced on 1st May 2022.

FUTURE DROP LTD (REGISTERED NUMBER: 05800594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023 73,249
Additions 54,672
At 30 April 2024 127,921
PROVISIONS
At 1 May 2023
and 30 April 2024 462
NET BOOK VALUE
At 30 April 2024 127,459
At 30 April 2023 72,787

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100
226 Dividend £1 226 226
326 326

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr J R Gabriel
Balance outstanding at start of year 288,188 88,827
Amounts advanced 353,784 288,188
Amounts repaid (288,188 ) (88,827 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 353,784 288,188

The loan is interest free, unsecured and repayable on demand.

During the financial year the director was charged £7,926 (2023: £3,558) interest on the loan which is unsecured and repayable on demand.

8. RELATED PARTY DISCLOSURES

The company was owed £115,894 by J R Gabriel Properties Ltd,a company of which Mr R J Gabriel is director and shareholder (Prior year: £33,735)

FUTURE DROP LTD (REGISTERED NUMBER: 05800594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J R Gabriel.