Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22023-09-01true2retail of furniture and lighting,true 12827118 2023-08-31 12827118 2023-09-01 2024-08-31 12827118 2022-09-01 2023-08-31 12827118 2024-08-31 12827118 c:Director1 2023-09-01 2024-08-31 12827118 d:CurrentFinancialInstruments 2024-08-31 12827118 d:CurrentFinancialInstruments 2023-08-31 12827118 c:FRS102 2023-09-01 2024-08-31 12827118 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12827118 c:FullAccounts 2023-09-01 2024-08-31 12827118 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12827118 6 2023-09-01 2024-08-31 12827118 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 12827118












FURNATE LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED
 31 AUGUST 2024



















 


img0a2c.png
01483 755 399
hamlyns.com

 
FURNATE LTD
REGISTERED NUMBER: 12827118

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
£
£


Fixed assets
185
85

Current assets
5,576,792
5,685,240

Creditors: amounts falling due within one year
(5,295)
(5,396)

Net current assets
 
 
5,571,497
 
 
5,679,844

Total assets less current liabilities
5,571,682
5,679,929


Net assets
5,571,682
5,679,929



Capital and reserves
5,571,682
5,679,929


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 January 2025.




Muhammad Nazim
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
FURNATE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Furnate Limited is a private company, limited by shares, registered in England and Wales.  The company's registered office address and registered number is as below:
Registered office: Markham House, Broad Street, Wokingham, England, RG40 1AH
Registered number:12827118
The presentational currency of the financial statements is Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
FURNATE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2023
85


Additions
100



At 31 August 2024
185





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
3,561,638
616,798

3,561,638
616,798



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,695
1,816

Other creditors
1,000
1,000

Accruals and deferred income
2,600
2,580

5,295
5,396



Page 3