Future Capital Limited 03687706 true 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Dormant company. Digita Accounts Production Advanced 6.30.9574.0 true F G Bisland S A Bisland 03687706 2024-01-01 2024-12-31 03687706 2024-12-31 03687706 core:RetainedEarningsAccumulatedLosses 2024-12-31 03687706 core:ShareCapital 2024-12-31 03687706 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03687706 bus:FRS102 2024-01-01 2024-12-31 03687706 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03687706 bus:FullAccounts 2024-01-01 2024-12-31 03687706 bus:RegisteredOffice 2024-01-01 2024-12-31 03687706 bus:CompanySecretary1 2024-01-01 2024-12-31 03687706 bus:Director2 2024-01-01 2024-12-31 03687706 bus:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 03687706 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03687706 countries:EnglandWales 2024-01-01 2024-12-31 03687706 2023-12-31 03687706 2023-01-01 2023-12-31 03687706 2023-12-31 03687706 core:RetainedEarningsAccumulatedLosses 2023-12-31 03687706 core:ShareCapital 2023-12-31 03687706 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 03687706

Future Capital Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Future Capital Limited

Profit and Loss Account for the Year Ended 31 December 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Future Capital Limited

(Registration number: 03687706)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,214,516

1,214,516

Creditors: Amounts falling due within one year

5

(1,378,123)

(1,378,123)

Net liabilities

 

(163,607)

(163,607)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(163,609)

(163,609)

Shareholders' deficit

 

(163,607)

(163,607)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 19 August 2025
 


F G Bisland
Director

 

Future Capital Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Future Capital Limited

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

4

Investment properties

2024
£

At 1 January 2024 and as at 31 December 2024

1,214,516

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

1,378,123

1,378,123