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REGISTERED NUMBER: 06910911 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Futurewise Properties Limited

Futurewise Properties Limited (Registered number: 06910911)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Futurewise Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Jones
A C Jones





REGISTERED OFFICE: Suite 2 Victoria House
South Street
Farnham
Surrey
GU9 7QU





REGISTERED NUMBER: 06910911 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Futurewise Properties Limited (Registered number: 06910911)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 684,885 685,271

CURRENT ASSETS
Debtors 5 342,988 323,866
Cash at bank 8,927 43,921
351,915 367,787
CREDITORS
Amounts falling due within one year 6 68,963 67,427
NET CURRENT ASSETS 282,952 300,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

967,837

985,631

CREDITORS
Amounts falling due after more than one
year

7

20,000

20,000
NET ASSETS 947,837 965,631

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 947,737 965,531
SHAREHOLDERS' FUNDS 947,837 965,631

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.

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 22 October 2024 and were signed on its behalf by:





A C Jones - Director


Futurewise Properties Limited (Registered number: 06910911)

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

1. STATUTORY INFORMATION

Futurewise Properties 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.

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.

Turnover
Turnover represents the amount derived from the ordinary activities undertaken by the business during the year and is stated gross.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 35 ) .

Futurewise Properties Limited (Registered number: 06910911)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 684,884 67,693 2,759 755,336
DEPRECIATION
At 1 June 2023 - 67,306 2,759 70,065
Charge for year - 386 - 386
At 31 May 2024 - 67,692 2,759 70,451
NET BOOK VALUE
At 31 May 2024 684,884 1 - 684,885
At 31 May 2023 684,884 387 - 685,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 36,975 35,644
Other debtors 306,013 288,222
342,988 323,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,749 4,705
Taxation and social security 27,596 50,393
Other creditors 25,618 2,329
68,963 67,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,000 20,000
Other creditors 10,000 -
20,000 20,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Ashley Jones & Mr Julian Jones.

By virtue of their directorship within the company and their 50% shareholdings and directorships in Ebsett Care Limited, both Mr A Jones and Mr J Jones where the companys ultimate controller during the year.