REGISTERED NUMBER: OC444180 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FOUNDERS FORUM EVENTS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Designated members:

B S Hoberman

Founders Forum LLP

SVB Financial Group

Registered office:

6th Floor

180 Strand

2 Arundel Street

London

WC2R 3DA

Registered number:

OC444180 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

11,817

-

Tangible assets

5

31,117

38,332

42,934

38,332

Current assets

Debtors

6

1,524,613

1,368,517

Cash at bank

1,392,159

2,450,889

2,916,772

3,819,406

Creditors

Amounts falling due within one year

7

1,794,283

3,857,738

Net current assets/(liabilities)

1,122,489

(38,332

)

Total assets less current liabilities

and

Net assets attributable to members

1,165,423

-

Loans and other debts due to members

8

1,165,423

-

Total members' interests

Loans and other debts due to members

8

1,165,423

-

Amounts due from members

6

-

(250,354

)

1,165,423

(250,354

)

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 Events 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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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

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.

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.

3.	Employee information

The average number of employees during the year was 34 (2023 - 25 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

Additions

11,817

At 31 December 2024

11,817

Net book value

At 31 December 2024

11,817

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

64,772

Additions

18,204

Disposals

(19,071

)

At 31 December 2024

63,905

Depreciation

At 1 January 2024

26,440

Charge for year

18,159

Eliminated on disposal

(11,811

)

At 31 December 2024

32,788

Net book value

At 31 December 2024

31,117

At 31 December 2023

38,332

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

145,436

845,778

Amounts owed by group undertakings

406,204

-

Other debtors

972,973

522,739

1,524,613

1,368,517

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

272,576

153,333

Amounts owed to group undertakings

175,170

1,848,127

Taxation and social security

297,208

324,895

Other creditors

1,049,329

1,531,383

1,794,283

3,857,738

8.

Loans and other debts due to members

In the event of a winding up, the amounts included in "Loans and other debtors due to members" will rank equally with unsecured creditor.