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Company No: 07957746 (England and Wales)

FORMATION INVESTMENTS LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024

FORMATION INVESTMENTS LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024

Contents

FORMATION INVESTMENTS LTD

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
FORMATION INVESTMENTS LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
DIRECTOR Paul Atkinson
REGISTERED OFFICE 33 Beckworth Lane
Lindfield
Haywards Heath
United Kingdom
COMPANY NUMBER 07957746 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
SM2 5DA
FORMATION INVESTMENTS LTD

DIRECTOR'S REPORT

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
FORMATION INVESTMENTS LTD

DIRECTOR'S REPORT (continued)

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024

The director presents this annual report and the unaudited financial statements of the Company for the financial period ended 31 July 2024.

PRINCIPAL ACTIVITIES

The principal activity of the company is that of a holding company.

GOING CONCERN

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus he continues to adopt the going concern basis in preparing the financial statements.

DIRECTOR

The director, who served during the financial period and to the date of this report except as noted, was as follows:

Paul Atkinson

This Director's Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.



Approved and signed by:

Paul Atkinson
Director
33 Beckworth Lane
Lindfield
Haywards Heath
United Kingdom

20 May 2025

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FORMATION INVESTMENTS LTD

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FORMATION INVESTMENTS LTD (continued)

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Formation Investments Ltd for the financial period ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

We align ourselves to, but due to our growth funding structure we are not controlled by ACCA members and are therefore not a fully recognised member of, the Association of Chartered Certified Accountants. However, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

It is your duty to ensure that Formation Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Formation Investments Ltd. You consider that Formation Investments Ltd is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of Formation Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Director of Formation Investments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Formation Investments Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Formation Investments Ltd and its Director as a body for our work or for this report.

Shaw Gibbs Limited

Salatin House
19 Cedar Road
Sutton
SM2 5DA

20 May 2025

FORMATION INVESTMENTS LTD

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
FORMATION INVESTMENTS LTD

STATEMENT OF INCOME AND RETAINED EARNINGS (continued)

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
Note Period from
01.01.2024 to
31.07.2024
Year ended
31.12.2023
£ £
Administrative expenses ( 2,455) ( 1,822)
Operating loss ( 2,455) ( 1,822)
Income from shares in a Group undertaking 0 25,000
(Loss)/profit before taxation ( 2,455) 23,178
Tax on (loss)/profit 0 0
(Loss)/profit for the financial period/year ( 2,455) 23,178
Retained earnings/(deficit) at the beginning of financial period/year 21,196 ( 1,982)
(Loss)/profit for the financial period/year ( 2,455) 23,178
Dividends declared and paid 4 ( 18,000) 0
Retained earnings at the end of financial period/year 741 21,196
FORMATION INVESTMENTS LTD

BALANCE SHEET

AS AT 31 JULY 2024
FORMATION INVESTMENTS LTD

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 31.07.2024 31.12.2023
£ £
Fixed assets
Investments 5 1 1
1 1
Current assets
Cash at bank and in hand 6 4,673 48,928
4,673 48,928
Creditors: amounts falling due within one year 7 ( 2,933) ( 26,733)
Net current assets 1,740 22,195
Total assets less current liabilities 1,741 22,196
Net assets 1,741 22,196
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 741 21,196
Total shareholders' funds 1,741 22,196

For the financial period 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 financial statements of Formation Investments Ltd (registered number: 07957746) were approved and authorised for issue by the Director on 20 May 2025. They were signed on its behalf by:

Paul Atkinson
Director
FORMATION INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
FORMATION INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Formation Investments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 33 Beckworth Lane, Lindfield, Haywards Heath, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus he continues to adopt the going concern basis in preparing the annual financial statements.

Reporting period length

The company has shortened its accounting period and the results are for the seven months ended 31 July 2024.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
01.01.2024 to
31.07.2024
Year ended
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 0 0

4. Dividends on equity shares

Period from
01.01.2024 to
31.07.2024
Year ended
31.12.2023
£ £
Amounts recognised as distributions to equity holders in the financial period:
Interim dividend for the financial period ended 31 July 2024 of £18.00 (31.12.2023: £Nil) per ordinary share 18,000 0

5. Fixed asset investments

Investments in joint ventures Total
£ £
Cost or valuation before impairment
At 01 January 2024 1 1
At 31 July 2024 1 1
Carrying value at 31 July 2024 1 1
Carrying value at 31 December 2023 1 1

6. Cash and cash equivalents

31.07.2024 31.12.2023
£ £
Cash at bank and in hand 4,673 48,928

7. Creditors: amounts falling due within one year

31.07.2024 31.12.2023
£ £
Trade creditors 1,200 0
Amounts owed to director 532 532
Accruals 1,200 1,200
Other creditors 1 25,001
2,933 26,733

8. Called-up share capital

31.07.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £1 each shares of £ 1.00 each 1,000 1,000
FORMATION INVESTMENTS LTD

DETAILED PROFIT AND LOSS ACCOUNT

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
FORMATION INVESTMENTS LTD

DETAILED PROFIT AND LOSS ACCOUNT (continued)

FOR THE FINANCIAL PERIOD FROM 01 JANUARY 2024 TO 31 JULY 2024
Period from
01.01.2024 to
31.07.2024
Year ended
31.12.2023
£ £
Administrative expenses
Computer expenses ( 126) ( 304)
Bank charges ( 49) ( 84)
Subscriptions ( 1,080) 0
Accountancy fees ( 1,200) ( 1,434)
(2,455) (1,822)
Operating loss ( 2,455) ( 1,822)
Income from shares in a Group undertaking 0 25,000
(Loss)/profit before taxation ( 2,455) 23,178