REGISTERED NUMBER: OC371019 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FOUNDERS FORUM LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

B S Hoberman

H J Lane Fox

Registered office:

6th Floor

180 Strand

2 Arundel Street

London

WC2R 3DA

Registered number:

OC371019 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

19,638

-

Investments

5

2,507,187

2,262,776

2,526,825

2,262,776

Current assets

Debtors

6

2,111,316

2,891,331

Cash at bank

15,852

2,068,066

2,127,168

4,959,397

Creditors

Amounts falling due within one year

7

903,208

1,105,089

Net current assets

1,223,960

3,854,308

Total assets less current liabilities

3,750,785

6,117,084

Creditors

Amounts falling due after more than one year

8

47,189

49,956

Net assets attributable to members

3,703,596

6,067,128

Loans and other debts due to members

9

873,416

3,236,948

Members' other interests

Capital accounts

1,045,525

1,045,525

Fair value reserve

10

1,784,655

1,784,655

3,703,596

6,067,128

Total members' interests

Loans and other debts due to members

9

873,416

3,236,948

Members' other interests

2,830,180

2,830,180

Amounts due from members

6

(61,303

)

(63,282

)

3,642,293

6,003,846

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 September 2025 and were signed by:

B S Hoberman - Designated member

1.	Statutory information

Founders Forum LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The members have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The members are therefore of the opinion that they should continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover relates to rental income excluding discounts, rebates and value added tax with adjustments made for accrued and deferred income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Fixed asset investments are stated at fair value, with increases in fair value recognised in other comprehensive income. Decreases in fair value are recognised in profit and loss unless they reverse an earlier recognised increase in fair value.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3.	Employee information

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

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

Additions

24,752

At 31 December 2024

24,752

Depreciation

Charge for year

5,114

At 31 December 2024

5,114

Net book value

At 31 December 2024

19,638

5.	Fixed asset investments

Other

investments

£

Cost

At 1 January 2024

2,262,776

Additions

394,411

Impairments

(150,000

)

At 31 December 2024

2,507,187

Net book value

At 31 December 2024

2,507,187

At 31 December 2023

2,262,776

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

-

262,448

Amounts owed by group undertakings

1,487,393

2,109,676

Other debtors

623,923

519,207

2,111,316

2,891,331

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

442,315

448,692

Amounts owed to group undertakings

268,352

-

Taxation and social security

-

5,392

Other creditors

192,541

651,005

903,208

1,105,089

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Amounts owed to group undertakings

47,189

49,956

9.

Loans and other debts due to members

2024

2023

£

£

Amounts owed to members in respect of profits

873,416

3,236,948

Falling due within one year

873,416

3,236,948

In the event of a winding up, loans and other debts due to the members will rank behind amounts due to other creditors.

10.

Reserves

Fair value

reserve

£

At 1 January 2024

and 31 December 2024

1,784,655