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REGISTERED NUMBER: 10221591 (England and Wales)















Frameworks Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024






Frameworks Holdings Ltd (Registered number: 10221591)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Frameworks Holdings Ltd

Company Information
for the year ended 31 December 2024







Directors: J R S Hamilton
M J Jezierski
P W Laithwaite
S Roberts





Registered office: 30 Berwick Street
4th Floor
London
W1F 8RH





Registered number: 10221591 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Frameworks Holdings Ltd (Registered number: 10221591)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 130,765 34,029
Tangible assets 5 3,126,177 1,936,863
3,256,942 1,970,892

Current assets
Debtors 6 3,238,499 2,109,521
Cash at bank 770,760 489,327
4,009,259 2,598,848
Creditors
Amounts falling due within one year 7 6,209,761 3,993,447
Net current liabilities (2,200,502 ) (1,394,599 )
Total assets less current liabilities 1,056,440 576,293

Creditors
Amounts falling due after more than one
year

8

256,219

15,884
Net assets 800,221 560,409

Capital and reserves
Called up share capital 222 222
Retained earnings 799,999 560,187
Shareholders' funds 800,221 560,409

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

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

The directors acknowledge their 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:



M J Jezierski - Director


Frameworks Holdings Ltd (Registered number: 10221591)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Frameworks Holdings 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
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Capitalised lease costs, 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.

Tangible fixed assets
Depreciation is calculated on the following basis:

Improvements to property - to be depreciated to the earliest of break date/lease end or useful life (maximum ten years) from the date of purchase.

Fixtures and fittings - to be depreciated to the earliest of break date/lease end or useful life (no longer than three years) from the date of purchase.

Computer equipment - to be depreciated to the earliest of break date/lease end or useful life (no longer than three years) from the date of purchase.

Frameworks Holdings Ltd (Registered number: 10221591)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, convertible loan notes and loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets and liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment 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. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

(iii) Equity investments
Equity investments comprise ordinary shares, not publicly traded in active markets for which a reliable fair value cannot be measured reliably. Equity investments are initially recognised at fair value, which is the transaction price excluding transaction costs and are subsequently measured at fair value through profit or loss.

(iv) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Frameworks Holdings Ltd (Registered number: 10221591)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


3. Employees and directors

The average number of employees during the year was 9 (2023 - 8 ) .

4. Intangible fixed assets
Capitalised
lease costs
£
Cost
At 1 January 2024 34,029
Additions 107,605
At 31 December 2024 141,634
Amortisation
Amortisation for year 10,869
At 31 December 2024 10,869
Net book value
At 31 December 2024 130,765
At 31 December 2023 34,029

5. Tangible fixed assets
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
Cost
At 1 January 2024 2,858,359 541,804 7,592 3,407,755
Additions 1,166,846 599,022 3,410 1,769,278
Disposals - (1,295 ) - (1,295 )
At 31 December 2024 4,025,205 1,139,531 11,002 5,175,738
Depreciation
At 1 January 2024 1,101,236 362,888 6,768 1,470,892
Charge for year 368,543 209,758 1,663 579,964
Eliminated on disposal - (1,295 ) - (1,295 )
At 31 December 2024 1,469,779 571,351 8,431 2,049,561
Net book value
At 31 December 2024 2,555,426 568,180 2,571 3,126,177
At 31 December 2023 1,757,123 178,916 824 1,936,863

Frameworks Holdings Ltd (Registered number: 10221591)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Fixtures
and
fittings
£
Cost
Additions 399,205
At 31 December 2024 399,205
Depreciation
Charge for year 13,726
At 31 December 2024 13,726
Net book value
At 31 December 2024 385,479

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 365,980 308,384
Other debtors 2,872,519 1,801,137
3,238,499 2,109,521

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,176 10,000
Trade creditors 698,396 405,536
Taxation and social security 189,427 165,773
Other creditors 5,311,762 3,412,138
6,209,761 3,993,447

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 5,865 15,884
Furniture financing 250,354 -
256,219 15,884

Frameworks Holdings Ltd (Registered number: 10221591)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 1,071,956 731,107
Between one and five years 6,038,802 2,935,580
In more than five years 3,454,501 3,881,236
10,565,259 7,547,923