REGISTERED NUMBER: 05244418 (England and Wales)

Fundwise Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A Aggarwal

REGISTERED OFFICE:

1 High Street

Sheerness

Kent

ME12 1NY

REGISTERED NUMBER:

05244418 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Investment property

4

3,577,500

3,577,500

CURRENT ASSETS

Debtors

5

88,067

87,445

Cash at bank

39,941

33,292

128,008

120,737

CREDITORS

Amounts falling due within one year

6

678,688

154,816

NET CURRENT LIABILITIES

(550,680

)

(34,079

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,026,820

3,543,421

CREDITORS

Amounts falling due after more than one year

7

(451,580

)

(1,044,557

)

PROVISIONS FOR LIABILITIES

(201,873

)

(201,873

)

NET ASSETS

2,373,367

2,296,991

CAPITAL AND RESERVES

Called up share capital

9,000

9,000

Fair value reserve

1,209,102

1,209,102

Retained earnings

1,155,265

1,078,889

SHAREHOLDERS' FUNDS

2,373,367

2,296,991

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 18 September 2025 and were signed by:

A Aggarwal - Director

1.	STATUTORY INFORMATION

Fundwise 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.

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 as modified by the revaluation of certain assets.

Income recognition

Turnover represents rental income receivable.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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

and 31 December 2024

3,577,500

NET BOOK VALUE

At 31 December 2024

3,577,500

At 31 December 2023

3,577,500

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

3,577,500

Investment properties were valued on market value basis on 31 December 2024 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

53,357

53,185

Other debtors

34,710

34,260

88,067

87,445

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

1,005

Taxation and social security

40,551

38,253

Other creditors

638,137

115,558

678,688

154,816

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Loans

451,580

1,044,557

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

451,580

1,044,557

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Loans

451,580

1,044,557

The bank loans are secured on the relevant financed investment properties.