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REGISTERED NUMBER: 11711816 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

360 FUNDING LTD

360 FUNDING LTD (REGISTERED NUMBER: 11711816)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


360 FUNDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: A J Pearse
A D Whitwam





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 11711816 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

360 FUNDING LTD (REGISTERED NUMBER: 11711816)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 4,665,611 4,115,907
Cash at bank and in hand 30,357 509,124
4,695,968 4,625,031
CREDITORS
Amounts falling due within one year 5 3,963,506 4,056,183
NET CURRENT ASSETS 732,462 568,848
TOTAL ASSETS LESS CURRENT LIABILITIES 732,462 568,848

CREDITORS
Amounts falling due after more than one year 6 27,778 33,334
NET ASSETS 704,684 535,514

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 704,584 535,414
SHAREHOLDERS' FUNDS 704,684 535,514

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14th November 2024 and were signed on its behalf by:




A D Whitwam - Director



A J Pearse - Director


360 FUNDING LTD (REGISTERED NUMBER: 11711816)

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

1. STATUTORY INFORMATION

360 Funding 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.

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.

Turnover
Interest income is accrued over the term of the loan in line with the loan agreements, arrangement fees are recognised on inception of the loan and exit fees are recognised when the loans are satisfied.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,665,611 4,115,907

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Taxation and social security 72,964 37,735
Other creditors 3,884,986 4,012,892
3,963,506 4,056,183

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 27,778 33,334

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,556 11,112

360 FUNDING LTD (REGISTERED NUMBER: 11711816)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 3,833,787 3,961,693

A charge was created on 7th March 2019. This contains floating charge. Floating charge covers all the property or undertaking of the company. The charge also contains negative pledge.