ACCOUNTS - Final Accounts

Registered number: 12085278

FORWARDINNOVATION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FORWARDINNOVATION LIMITED

COMPANY INFORMATION

Directors	M. I. Rubinstein
	D. Vallero
	A. Zhabagin
	A. Iqbal


Registered number	12085278


Registered office	International House
	36-38 Cornhill
	London
	England
	EC3V 3NG

FORWARDINNOVATION LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 6

FORWARDINNOVATION LIMITED

REGISTERED NUMBER: 12085278

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		1,965		2,359
Investments	5		307,734		307,734
			309,699		310,093
Current assets
Debtors	6	311,580		762,177
Cash at bank and in hand		224,279		376,912
		535,859		1,139,089
Creditors: amounts falling due within one year	7	(244,935)		(841,601)
Net current assets			290,924		297,488
Net assets			600,623		607,581

Capital and reserves
Allotted, called up and unpaid share capital	1	1
Profit and loss account	600,622	607,580
Equity shareholders' funds	600,623	607,581

Page 1

FORWARDINNOVATION LIMITED

REGISTERED NUMBER: 12085278

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Directors' Report and Statement of Income and Retained Earnings in
accordance with provisions applicable to companies subject to the small companies regime, under section 444
of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on
28 October 2025.

D. Vallero

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

FORWARDINNOVATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

ForwardInnovation Limited (company number: 12085278), having its registered office and principal place of business at International House, 39-38 Cornhill, London, England, EC3V 3NG, is a private limited company incorporated in England and Wales.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

2.3

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

FORWARDINNOVATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

Taxation

Tax is recognised in the Statement of Income and Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 5).

Page 4

FORWARDINNOVATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

4.	Intangible assets

		Patents
		£
	Cost
	At 1 February 2024 and 31 January 2025	3,935
	Amortisation
	At 1 February 2024	1,576
	Charge for the year	394
	At 31 January 2025	1,970
	Net book value
	At 31 January 2025	1,965
	At 31 January 2024	2,359

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 February 2024 and 31 January 2025	307,734

Page 5

FORWARDINNOVATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Debtors

					2025	2024
					£	£

Due within one year
Trade debtors	-	760,368
Amounts owed by group undertakings	281,175	-
Other taxation and social security	141	-
Prepayments and accrued income	30,264	1,809
	311,580	762,177

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	674	166,663
Amounts owed to group undertakings	38,948	29,249
Other taxation and social security	-	111,576
Other creditors	868	-
Accruals and deferred income	203,633	341,354
Corporation tax	812	192,759
	244,935	841,601

8.	Related party transactions

The Company has taken advantage of Section 33.1A of FRS 102 in not disclosing transactions between wholly-owned members of a group.
During the year £Nil (2024: £20,000) was paid to a key management personnel of the Company.
At the year end £806 (2023: £Nil) was due to key management personnel of the Company.

Page 6