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REGISTERED NUMBER: 08537753















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Fountain Acquisitions Ltd

Fountain Acquisitions Ltd (Registered number: 08537753)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fountain Acquisitions Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Vishal Kapoor
Vikas Kapoor





SECRETARY:





REGISTERED OFFICE: 116 Collier Row Road
Romford
London
RM5 2BB





REGISTERED NUMBER: 08537753





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
310E Sterling House
Langston Road
Loughton
IG10 3TS

Fountain Acquisitions Ltd (Registered number: 08537753)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,067,332 1,067,332

CURRENT ASSETS
Debtors 5 67,718 67,718
Cash at bank and in hand 56,164 37,203
123,882 104,921
CREDITORS
Amounts falling due within one year 6 42,808 35,577
NET CURRENT ASSETS 81,074 69,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,406

1,136,676

CREDITORS
Amounts falling due after more than one
year

7

463,287

463,287
NET ASSETS 685,119 673,389

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 685,019 673,289
SHAREHOLDERS' FUNDS 685,119 673,389

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Fountain Acquisitions Ltd (Registered number: 08537753)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





Vikas Kapoor - Director


Fountain Acquisitions Ltd (Registered number: 08537753)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Fountain Acquisitions Ltd is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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.

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.

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

Unrelieved tax losses and other deferred tax assets are recognised 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.

3. EMPLOYEES AND DIRECTORS

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

Fountain Acquisitions Ltd (Registered number: 08537753)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 741,632 315,700 10,000 1,067,332
NET BOOK VALUE
At 31 May 2024 741,632 315,700 10,000 1,067,332
At 31 May 2023 741,632 315,700 10,000 1,067,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Directors' current accounts 67,718 67,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 25,097 17,741
Tax 2,751 2,876
Accrued expenses 14,960 14,960
42,808 35,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans more 5 yrs non-inst 114,332 114,332
Other loans more 5yrs non-inst 246,614 246,614
Deposit Account 1,500 1,500
Directors' loan accounts 100,841 100,841
463,287 463,287

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 114,332 114,332
Other loans more 5yrs non-inst 246,614 246,614
360,946 360,946

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary share Capital 1 100 100

Fountain Acquisitions Ltd (Registered number: 08537753)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RESERVES
Retained
earnings
£   

At 1 June 2023 673,289
Profit for the year 11,730
At 31 May 2024 685,019