REGISTERED NUMBER: 09148945 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FINANCIAL FUNDING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N C Brown

REGISTERED OFFICE:

13/15 Netherhall Road

DONCASTER

DN1 2PH

REGISTERED NUMBER:

09148945 (England and Wales)

FIXED ASSETS

Investment property

4

120,000

373,173

CURRENT ASSETS

Debtors

5

59,521,385

53,111,563

Investments

6

40,000

40,000

Cash at bank

285,687

670,013

59,847,072

53,821,576

CREDITORS

Amounts falling due within one year

7

28,038,828

28,891,791

NET CURRENT ASSETS

31,808,244

24,929,785

TOTAL ASSETS LESS CURRENT LIABILITIES

31,928,244

25,302,958

CREDITORS

Amounts falling due after more than one year

8

4,171

14,151

NET ASSETS

31,924,073

25,288,807

CAPITAL AND RESERVES

Called up share capital

9

400

300

Retained earnings

31,923,673

25,288,507

SHAREHOLDERS' FUNDS

31,924,073

25,288,807

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.

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 3 September 2025 and were signed by:

N C Brown - Director

1.	STATUTORY INFORMATION

Financial Funding Limited 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

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is shown at the most recent valuation by the director N Brown as at 31 December 2024. Mr Brown is an expert in this field and strongly feels the fair value is currently equal to the purchase price plus attributable costs. Any aggregate surplus or deficit to arise from changes in the fair value would be recognised in the profit and loss.

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 NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

373,173

Disposals

(253,173

)

At 31 December 2024

120,000

NET BOOK VALUE

At 31 December 2024

120,000

At 31 December 2023

373,173

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

59,318,700

52,505,700

Prepayments and accrued income

202,685

605,863

59,521,385

53,111,563

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Unlisted investments

40,000

40,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Tax

990,282

41,199

Other creditors

12,451,170

14,952,267

Directors' current accounts

13,518,228

13,014,628

Accruals and deferred income

668,727

477,116

Accrued expenses

400,421

396,581

28,038,828

28,891,791

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

4,171

10,000

Bank loans - 2-5 years

-

4,151

4,171

14,151

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary A

£1

200

200

100

Ordinary B

£1

200

100

400

300

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.