Registration number:
First Principles Consulting Limited
for the Year Ended 31 October 2024
First Principles Consulting Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
First Principles Consulting Limited
(Registration number: 03446444)
Balance Sheet as at 31 October 2024
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2024 |
2023 |
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Fixed assets |
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Other financial assets |
755,067 |
656,658 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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First Principles Consulting Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling, which is the functional currency of the company.
Going concern
The financial statements have been prepared on a going concern basis.
Investments
The company holds investments in an investment fund. The investments are measured at market value at the year end with the change in market value being recognised in the profit and loss account.
First Principles Consulting Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)
2 |
Accounting policies (continued) |
Financial instruments
Classification
Financial instruments are classified on initial recognition as either basic or more complex under sections 11 and 12 of FRS 102. To date, the company has only entered into transactions involving basic financial instruments.
Recognition and measurement
Financial assets are initially measured at cost (including transaction costs) and are subsequantley measured at fair value with changes in fair value recognised in the profit and loss account.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 November 2023 |
656,658 |
656,658 |
Fair value adjustments |
81,956 |
81,956 |
Additions |
16,453 |
16,453 |
At 31 October 2024 |
755,067 |
755,067 |
Carrying amount |
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At 31 October 2024 |
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755,067 |
First Principles Consulting Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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1 |
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1 |