LOADOFS FOUNDATION - Filleted accounts

Registered number

07950368

LOADOFS FOUNDATION

Filleted Accounts

31 March 2025

LOADOFS FOUNDATION
Registered number:		07950368
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	4,567			3,141
Cash at bank and in hand		7,491			6,941
		12,058			10,082


Net current assets			12,058			10,082

Net assets			12,058			10,082

Capital and reserves
Profit and loss account			12,058			10,082

Shareholder's funds			12,058			10,082

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




MR A ADEWALE
Director
Approved by the board on 9 December 2025

LOADOFS FOUNDATION
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the value of subscriptions, levies, donations and gift aids received and receivable from members and the public for the accounting period.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	The company is a registered charity and its profits are used for charitable purposes therefore exempt from income and corporation tax.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		3		3


3	Debtors		2025		2024
£				£

	Other debtors		4,567		3,141


4	Other information

	LOADOFS FOUNDATION is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 112, AJP Business Centre
	152-154 Coles Green Road
	LONDON
	NW2 7HD