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REGISTERED NUMBER: 14127715 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

FABRICA FUTURE LIMITED

FABRICA FUTURE LIMITED (REGISTERED NUMBER: 14127715)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FABRICA FUTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M M Alemagna





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
BN3 2PJ





REGISTERED NUMBER: 14127715 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

FABRICA FUTURE LIMITED (REGISTERED NUMBER: 14127715)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 3 1,849,660 1,730,479

CURRENT ASSETS
Debtors 4 452,595 115,688
Cash at bank 1,148,953 1,531,219
1,601,548 1,646,907
CREDITORS
Amounts falling due within one year 5 4,685 1,244
NET CURRENT ASSETS 1,596,863 1,645,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,446,523

3,376,142

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 6 151,376 -
Retained earnings 6 3,295,145 3,376,140
3,446,523 3,376,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





M M Alemagna - Director


FABRICA FUTURE LIMITED (REGISTERED NUMBER: 14127715)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. 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 as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS
Other Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 1,730,478 1 1,730,479
Additions 763,834 - 763,834
Disposals (796,029 ) - (796,029 )
Revaluations 151,376 - 151,376
At 31 May 2024 1,849,659 1 1,849,660
NET BOOK VALUE
At 31 May 2024 1,849,659 1 1,849,660
At 31 May 2023 1,730,478 1 1,730,479

Cost or valuation at 31 May 2024 is represented by:

Other Unlisted
investments investments Totals
£    £    £   
Valuation in 2024 151,376 - 151,376
Cost 1,698,283 1 1,698,284
1,849,659 1 1,849,660

FABRICA FUTURE LIMITED (REGISTERED NUMBER: 14127715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Officina Future Limited
Registered office: The Old Casino, 28 fourth Avenue, Hove, East Sussex, BN3 2PJ
Nature of business: HR consulting
%
Class of shares: holding
Ordinary 100.00
31.1.24 31.1.23
£    £   
Aggregate capital and reserves 821,355 201,899
Profit for the year 620,537 787,816

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 452,595 115,688

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,055 265
Amounts owed to group undertakings 180 180
Directors' loan accounts 2,658 7
Accrued expenses 792 792
4,685 1,244

6. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 June 2023 3,376,140 - 3,376,140
Profit for the year 70,381 70,381
Gains realised in year (151,376 ) 151,376 -
At 31 May 2024 3,295,145 151,376 3,446,521

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, M Alemagna increased his loan to the company. As at 31 May 2024, the company owed him £2,657 (2023: £7). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

Officina Future Limited
During the year, Officina Future Limited its loan to the company. As at 31 May 2024, Officina Future Limited were owed £180. All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M M Alemagna.

This was by virtue of his 100% holding of the issued share capital.