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COMPANY REGISTRATION NUMBER: 13864169
Funding Tree One Limited
Filleted Unaudited Financial Statements
31 March 2024
Funding Tree One Limited
Statement of Financial Position
31 March 2024
31 Mar 24
31 Dec 22
Note
£
£
Current assets
Debtors
4
450
250
Cash at bank and in hand
3,244
148
-------
----
3,694
398
Creditors: amounts falling due within one year
5
14,850
1,601
--------
-------
Net current liabilities
11,156
1,203
--------
-------
Total assets less current liabilities
( 11,156)
( 1,203)
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 11,256)
( 1,303)
--------
-------
Shareholder deficit
( 11,156)
( 1,203)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Ms C S Blois
Director
Company registration number: 13864169
Funding Tree One Limited
Notes to the Financial Statements
Period from 1 January 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is showing net liabilities at the year end which includes amounts owed to the parent company. The parent company has indicated its continued support and therefore the directors believe that preparing the accounts on a going concern basis is wholly appropriate.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
31 Mar 24
31 Dec 22
£
£
Other debtors
450
250
----
----
5. Creditors: amounts falling due within one year
31 Mar 24
31 Dec 22
£
£
Trade creditors
500
Amounts owed to group undertakings and undertakings in which the company has a participating interest
14,350
1,551
Other creditors
50
--------
-------
14,850
1,601
--------
-------
6. Related party transactions
The company has taken advantage of the exemption granted by paragraph 33.1(a) of FRS102, Related Party Disclosures, not to disclose transactions with group companies which are wholly owned subsidiaries of the group.