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FOUNDERS BASE DEVELOPMENT UK LTD

Registered Number
11435836
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

FOUNDERS BASE DEVELOPMENT UK LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

WANG, Xiaojuan

Registered Address

The Recentre
46 Forbury Road
Reading
RG1 3FD

Registered Number

11435836 (England and Wales)
FOUNDERS BASE DEVELOPMENT UK LTD
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,310-
Investments4541,623541,623
542,933541,623
Current assets
Stocks53,258,0623,218,739
Debtors65,172,8204,890,921
Cash at bank and on hand1,252132,226
8,432,1348,241,886
Creditors amounts falling due within one year7(5,201,613)(9,460,308)
Net current assets (liabilities)3,230,521(1,218,422)
Total assets less current liabilities3,773,454(676,799)
Net assets3,773,454(676,799)
Capital and reserves
Called up share capital4,870,422250
Profit and loss account(1,096,968)(677,049)
Shareholders' funds3,773,454(676,799)
The financial statements were approved and authorised for issue by the Board of Directors on 2 May 2025, and are signed on its behalf by:
WANG, Xiaojuan
Director
Registered Company No. 11435836
FOUNDERS BASE DEVELOPMENT UK LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Interest income
Interest income is recognised using the effective interest rate method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Straight line (years)
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions1,3931,393
At 30 June 241,3931,393
Depreciation and impairment
Charge for year8383
At 30 June 248383
Net book value
At 30 June 241,3101,310
At 30 June 23--
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 July 23541,623541,623
At 30 June 24541,623541,623
Net book value
At 30 June 24541,623541,623
At 30 June 23541,623541,623

Notes

1Investments in group undertakings and participating interests
5.Stocks

2024

2023

££
Work in progress39,323-
Other stocks3,218,7393,218,739
Total3,258,0623,218,739
6.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests4,834,0834,543,923
Other debtors288,791296,813
Prepayments and accrued income49,94650,185
Total5,172,8204,890,921
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,01757,302
Amounts owed to related parties5,052,8328,716,926
Other creditors145,914684,510
Accrued liabilities and deferred income8501,570
Total5,201,6139,460,308