Private Funding & Securities Limited - Limited company accounts 24.3

REGISTERED NUMBER: 02547948 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Private Funding & Securities Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A R Lamb FAIA

SECRETARY:

Saville Company Secretaries Limited

REGISTERED OFFICE:

Suite 2, Ground Floor

1 Duchess Street

London

W1W 6AN

REGISTERED NUMBER:

02547948 (England and Wales)

ACCOUNTANTS:

Collins Johnson Corporate Services Ltd

11 Saville Place

Clifton

Bristol

BS8 4EJ

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of financial intermediation and management consultancy.

REVIEW OF BUSINESS

The company has continued to consolidate its position with former associated companies through the hypothecating of interest free debt in front of increasing the issued shares to clear the underlying deficit.There have been no commercial activities in the year.

DIRECTOR

A R Lamb FAIA held office during the whole of the period from 1 April 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A R Lamb FAIA - Director

5 May 2025

TURNOVER

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Intangible assets

4

1,000

CURRENT ASSETS

Prepayments and accrued income

250

NET CURRENT ASSETS

250

TOTAL ASSETS LESS CURRENT LIABILITIES

1,250

CREDITORS

Amounts falling due after more than one year

5

85,444

46,909

NET LIABILITIES

(84,194

)

(45,659

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(84,294

)

(45,759

)

(84,194

)

(45,659

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 5 May 2025 and were signed by:

A R Lamb FAIA - Director

1.	STATUTORY INFORMATION

Private Funding & Securities 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,000

NET BOOK VALUE

At 31 March 2025

1,000

At 31 March 2024

1,000

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

656

Other creditors

84,788

46,253

85,444

46,909

6.	ULTIMATE CONTROLLING PARTY

The controlling party is A R Lamb FAIA.