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REGISTERED NUMBER: 06868291 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FORMAIRE ADVISORS LIMITED

FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291)

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










Page

Balance sheet 1

Notes to the financial statements 2


FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 537 1,075
Investments 5 36,120 36,120
36,657 37,195

CURRENT ASSETS
Debtors 6 440 1,499
Cash at bank 7 331,120 251,380
331,560 252,879
CREDITORS
Amounts falling due within one year 8 (22,731 ) (5,294 )
NET CURRENT ASSETS 308,829 247,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,486

284,780

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 345,485 284,779
SHAREHOLDERS' FUNDS 345,486 284,780

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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





F Maire - Director


FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291)

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


1. GENERAL INFORMATION

The company is a private limited company which is incorporated and domiciled in the United Kingdom.

The address of the company's registered office is 55 Ludgate Hill, London, EC4M 7JW.

The principle activity of the company is that of business and management consultancy.

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.

The following accounting policies have been applied:

Going concern
The director considers the going concern basis to be appropriate having paid due regard to the Company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during the period.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Taxation
Tax is recognised in the Statement of income and retained earnings.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

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.

Valuation of investments
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

3. EMPLOYEES AND DIRECTORS

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

FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291)

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


4. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1 May 2023
and 30 April 2024 1,613
DEPRECIATION
At 1 May 2023 538
Charge for year 538
At 30 April 2024 1,076
NET BOOK VALUE
At 30 April 2024 537
At 30 April 2023 1,075

5. FIXED ASSET INVESTMENTS

Unlisted Investments
£
Cost
At 1 May 202345,150
At 30 April 202445,150

Impairment
At 1 May 20239,030
At 30 April 20249,030

Net book value
At 1 May 202336,120
At 30 April 202436,120

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors - 1,159
Prepayments 440 340
440 1,499

7. CASH AT BANK
2024 2023
£ £
Cash at bank and in hand 331,120 251,380

FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Corporation tax 17,159 -
Other creditors 2,949 2,947
Accruals 2,623 2,347
22,731 5,294

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary 1 1 1

10. RELATED PARTY TRANSACTIONS

During the year the director settled expenses personally on behalf of the company. At the balance sheet date he was owed £2,949 (2023: £2,947) which is shown within other creditors. The loan is interest free and repayable on demand.