IRIS Accounts Production v25.2.0.378 03002303 director 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030023032023-12-31030023032024-12-31030023032024-01-012024-12-31030023032022-12-31030023032023-01-012023-12-31030023032023-12-3103002303ns14:PoundSterling2024-01-012024-12-3103002303ns10:Director12024-01-012024-12-3103002303ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103002303ns10:SmallEntities2024-01-012024-12-3103002303ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103002303ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103002303ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103002303ns10:FullAccounts2024-01-012024-12-3103002303ns10:OrdinaryShareClass12024-01-012024-12-3103002303ns10:CompanySecretary12024-01-012024-12-3103002303ns10:RegisteredOffice2024-01-012024-12-3103002303ns5:CurrentFinancialInstruments2024-12-3103002303ns5:CurrentFinancialInstruments2023-12-3103002303ns5:Non-currentFinancialInstruments2024-12-3103002303ns5:Non-currentFinancialInstruments2023-12-3103002303ns5:ShareCapital2024-12-3103002303ns5:ShareCapital2023-12-3103002303ns5:FurtherSpecificReserve3ComponentTotalEquity2024-12-3103002303ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3103002303ns5:RetainedEarningsAccumulatedLosses2024-12-3103002303ns5:RetainedEarningsAccumulatedLosses2023-12-3103002303ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103002303ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103002303ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-12-3103002303ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3103002303ns10:OrdinaryShareClass12024-12-3103002303ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-31
REGISTERED NUMBER: 03002303















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Focuspoint Limited

Focuspoint Limited (Registered number: 03002303)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Focuspoint Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M A Sherwen





SECRETARY: N A Harvey





REGISTERED OFFICE: Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG





REGISTERED NUMBER: 03002303





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

Focuspoint Limited (Registered number: 03002303)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 365,910 375,000

CURRENT ASSETS
Debtors 5 204,000 374,000
Cash at bank 1,837 3,125
205,837 377,125
CREDITORS
Amounts falling due within one year 6 76,365 10,864
NET CURRENT ASSETS 129,472 366,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,382

741,261

CREDITORS
Amounts falling due after more than one year 7 - (220,000 )

PROVISIONS FOR LIABILITIES (7,309 ) (11,684 )
NET ASSETS 488,073 509,577

CAPITAL AND RESERVES
Called up share capital 8 121,000 121,000
Fair value reserve 9 27,349 32,064
Retained earnings 339,724 356,513
SHAREHOLDERS' FUNDS 488,073 509,577

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 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.

Focuspoint Limited (Registered number: 03002303)

Balance Sheet - continued
31 December 2024


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 director and authorised for issue on 5 August 2025 and were signed by:





M A Sherwen - Director


Focuspoint Limited (Registered number: 03002303)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Focuspoint Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents rental income, excluding value added tax.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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 2 (2023 - 2 ) .

Focuspoint Limited (Registered number: 03002303)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 375,000
Impairments (9,090 )
At 31 December 2024 365,910
NET BOOK VALUE
At 31 December 2024 365,910
At 31 December 2023 375,000

The investment properties are valued annually by the directors on an open market existing use basis.

The historical cost of the investment properties amounted to £331,252 (2023 - £331,252).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 164,000 334,000
Other debtors 40,000 40,000
204,000 374,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 76,365 10,864

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 220,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 220,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
121,000 Ordinary £1 121,000 121,000

Focuspoint Limited (Registered number: 03002303)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. RESERVES
Fair
value
reserve
£   
At 1 January 2024 32,064
Impairment of investment property (9,090 )
Deferred tax provision 4,375

At 31 December 2024 27,349