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REGISTERED NUMBER: 12077602 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

FUTURES TRADING PARTNERS LTD

FUTURES TRADING PARTNERS LTD (REGISTERED NUMBER: 12077602)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUTURES TRADING PARTNERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr N Potter





REGISTERED OFFICE: 17 Millennium Place
London
E2 9NL





REGISTERED NUMBER: 12077602 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

FUTURES TRADING PARTNERS LTD (REGISTERED NUMBER: 12077602)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,031 1,128

CURRENT ASSETS
Debtors 5 576,890 1,004,111
Cash at bank 6,289 13,555
583,179 1,017,666
CREDITORS
Amounts falling due within one year 6 240,094 972,893
NET CURRENT ASSETS 343,085 44,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,116

45,901

PROVISIONS FOR LIABILITIES 7 4,008 -
NET ASSETS 355,108 45,901

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 355,008 45,801
SHAREHOLDERS' FUNDS 355,108 45,901

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FUTURES TRADING PARTNERS LTD (REGISTERED NUMBER: 12077602)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:





Mr N Potter - Director


FUTURES TRADING PARTNERS LTD (REGISTERED NUMBER: 12077602)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Futures Trading Partners Ltd 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 amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FUTURES TRADING PARTNERS LTD (REGISTERED NUMBER: 12077602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 1,153 1,774 2,927
Additions 21,274 1,525 22,799
At 31 July 2024 22,427 3,299 25,726
DEPRECIATION
At 1 August 2023 636 1,163 1,799
Charge for year 7,191 705 7,896
At 31 July 2024 7,827 1,868 9,695
NET BOOK VALUE
At 31 July 2024 14,600 1,431 16,031
At 31 July 2023 517 611 1,128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 410,736 999,319
Directors' current accounts 129,910 -
Prepayments and accrued income 36,244 4,792
576,890 1,004,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax 115,133 25,081
Wages payable - 9,100
VAT 27,654 1,778
Other creditors 93,208 114,425
Directors' current accounts - 819,510
Accrued expenses 4,099 2,999
240,094 972,893

7. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 4,008 -

FUTURES TRADING PARTNERS LTD (REGISTERED NUMBER: 12077602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 4,008
Balance at 31 July 2024 4,008

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr N Potter
Balance outstanding at start of year - -
Amounts advanced 129,911 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129,911 -

£129,911 was repaid by the director on 2 April 2025.