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Registration number: 13500284

Future Leap Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

Pages for filing with Registrar

 

Future Leap Holdings Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Future Leap Holdings Ltd

Company Information

Director

A N Bailey

Registered office

The Old Chapel
16 Oakfield Road
Bristol
BS8 2AP

Registered number

13500284

Accountant

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Future Leap Holdings Ltd

(Registration number: 13500284)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

200

200

Current assets

 

Debtors

5

210

-

Cash at bank and in hand

 

97

38

 

307

38

Creditors: Amounts falling due within one year

6

(43,813)

(14,204)

Net current liabilities

 

(43,506)

(14,166)

Net liabilities

 

(43,306)

(13,966)

Capital and reserves

 

Called up share capital

7

1

1

Profit and loss account

(43,307)

(13,967)

Total equity

 

(43,306)

(13,966)

 

Future Leap Holdings Ltd

(Registration number: 13500284)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the director on 28 April 2025
 

.........................................

A N Bailey
Director

 

Future Leap Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Chapel
16 Oakfield Road
Bristol
BS8 2AP

2

Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Future Leap Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Future Leap Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Investments in joint ventures

100

100

200

200


The investment in subsidiary at 31 July 2024 amd 31 July 2023 represents a holding of 100% of the issued share capital of Future Leap ES Limited (previously Future Leap Ecofit Limited), being 100 £1 Ordinary shares.
 

The investment in joint ventures at 31 July 2024 and 31 July 2023 represents a holding of 50% of the issued share capital of Future Leap Finance Ltd and Future Leap Clifton Limited, being 50 £1 Ordinary shares in each.

5

Debtors: amounts falling due within one year

2024
£

2023
£

Other debtors

210

-

210

-

 

Future Leap Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Note

2024
£

2023
£

Amounts falling due within one year

 

Trade creditors

 

1,550

-

Amounts owed to group undertakings

8

270

200

Taxation and social security

 

9,969

2,389

Other creditors

 

-

253

Accruals

 

2,350

1,750

Directors' loan accounts

 

29,674

9,612

 

43,813

14,204

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         
 

Future Leap Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Related party transactions

Summary of transactions with entities with joint control or significant interest

During the year, the company received £22,000 (2023: £42,793) in respect of services fees from Future Leap Limited. At the year end £211 (2023 - £Nil) was due from Future Leap Limited to the company.

Summary of transactions with subsidiaries

FRS 102 does not require disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly-owned by such a member.

Summary of transactions with joint ventures

At 31 July 2024, the company owed £50 (2023: £50) to Future Leap Clifton Limited in respect of unpaid share capital, representing a holding of 50% on the issued share capital.

At 31 July 2024, the company owed £50 (2023: £50) to Future Leap Finance Ltd in respect of unpaid share capital, representing a holding of 50% on the issued share capital.