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REGISTERED NUMBER: 11286179 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

F27 Ventures Limited

F27 Ventures Limited (Registered number: 11286179)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F27 Ventures Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mrs S Zheng





REGISTERED OFFICE: 5 Piccadilly Place
Aytoun St, Manchester
England
M1 3BR





REGISTERED NUMBER: 11286179 (England and Wales)





ACCOUNTANT: SDF Accountancy
30 Norman Road
London
SE10 9QX

F27 Ventures Limited (Registered number: 11286179)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 547,414 494,000
547,414 494,000

CURRENT ASSETS
Debtors 6 3,600 3,742
Cash at bank and in hand 7 37,180 39,158
40,780 42,900
CREDITORS
Amounts falling due within one year 8 355 761
NET CURRENT ASSETS 40,425 42,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,839

536,139

PROVISIONS FOR LIABILITIES 10,215 61,316
NET ASSETS 577,624 474,823

CAPITAL AND RESERVES
Called up share capital 215,401 215,401
Retained earnings 362,223 259,422
577,624 474,823

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 her 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.

F27 Ventures Limited (Registered number: 11286179)

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.

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 4 February 2025 and were signed by:





Mrs S Zheng - Director


F27 Ventures Limited (Registered number: 11286179)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

F27 Ventures Limited 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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment at fair value. The principal accounting policies adopted are set out below.

Tangible fixed assets
Tangible fixed assets include computer equipment.

Computer equipment

Computer equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

F27 Ventures Limited (Registered number: 11286179)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loan and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


F27 Ventures Limited (Registered number: 11286179)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized 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 recognized 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 recognized in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognized 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.

Investments
Investments in unlisted companies' shares are held at cost less accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

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

F27 Ventures Limited (Registered number: 11286179)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 2,708
DEPRECIATION
At 1 May 2023
and 30 April 2024 2,708
NET BOOK VALUE
At 30 April 2024 -

5. FIXED ASSET INVESTMENTS

30.4.24 30.4.23
£    £   
Other investments not loans 198,580 95,195
Other loans 22,839 22,810
Own shares 325,995 375,995
547,414 494,000

Additional information is as follows:
Unlisted
investment
£   
COST OR VALUATION
At 1 May 2023 375,995
Impairments (50,000 )
At 30 April 2024 325,995
NET BOOK VALUE
At 30 April 2024 325,995
At 30 April 2023 375,995

F27 Ventures Limited (Registered number: 11286179)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Unlisted
investment
£   
Valuation in 2020 275,995
Valuation in 2022 (24,822 )
Valuation in 2024 (50,000 )
Cost 124,822
325,995

Investments (neither listed nor unlisted) were as follows:
30.4.24 30.4.23
£    £   
Other investment 198,580 95,195
Other
loans
£   
At 1 May 2023 22,810
Other movement 29
At 30 April 2024 22,839

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 3,600 3,742

7. CASH AT BANK AND IN HAND
30.4.24 30.4.23
£    £   
Bank account no. 1 37,080 39,058
Cash in hand 100 100
37,180 39,158

F27 Ventures Limited (Registered number: 11286179)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 426
Other creditors 355 335
355 761