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Registered number: 02048641
Featuredraw Limited
Financial Statements
For The Year Ended 30 April 2025
AM Taxation Limited
Church View Barn
Beech Tree Court
Whitchurch
Buckinghamshire
HP22 4JR
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
6th November 2025
AM Taxation Limited
Church View Barn
Beech Tree Court
Whitchurch
Buckinghamshire
HP22 4JR
Page 1
Page 2
Balance Sheet
Registered number: 02048641
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 780,420 780,000
780,420 780,000
CURRENT ASSETS
Debtors 5 53,133 11,152
Cash at bank and in hand 5,072 15,270
58,205 26,422
Creditors: Amounts Falling Due Within One Year 6 (24,971 ) (13,200 )
NET CURRENT ASSETS (LIABILITIES) 33,234 13,222
TOTAL ASSETS LESS CURRENT LIABILITIES 813,654 793,222
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (108,724 ) (108,619 )
NET ASSETS 704,930 684,603
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 434,476 434,476
Profit and Loss Account 270,354 250,027
SHAREHOLDERS' FUNDS 704,930 684,603
Page 2
Page 3
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Kemp
Director
Mrs J Kemp
Director
6th November 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Featuredraw Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02048641 . The registered office is Church View Barn, Beech Tree Court, Whitchurch, Buckinghamshire, HP22 4JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment between 25% and 33% on cost
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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Page 5
4. Tangible Assets
Investment Properties Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 May 2024 780,000 2,639 782,639
Additions - 558 558
As at 30 April 2025 780,000 3,197 783,197
Depreciation
As at 1 May 2024 - 2,639 2,639
Provided during the period - 138 138
As at 30 April 2025 - 2,777 2,777
Net Book Value
As at 30 April 2025 780,000 420 780,420
As at 1 May 2024 780,000 - 780,000
Cost or valuation as at 30 April 2025 represented by:
Investment Properties Computer Equipment Total
£ £ £
At cost 780,000 3,197 783,197
780,000 3,197 783,197
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,787 1,410
Other debtors 36,956 9,742
40,743 11,152
Due after more than one year
Other debtors 12,390 -
53,133 11,152
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 49 39
Other creditors 6,078 5,990
Taxation and social security 18,844 7,171
24,971 13,200
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Page 6
7. Deferred Taxation
The provision for deferred taxation is made up of the revaluation of the investment properties.
2025 2024
£ £
Other timing differences 108,724 108,619
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2024 108,619 108,619
Additions 105 105
Balance at 30 April 2025 108,724 108,724
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr Martin Kemp 4,772 13,584 - - 18,356
Mrs Jane Kemp 4,771 13,585 - - 18,356
The above loan is unsecured, interest free and repayable on demand.
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