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Registered number: 06344746
Foundations Residential Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Cooper Associates Accountants Ltd
Foundations Residential Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Foundations Residential Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: 06344746

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 4,893 |  | 5,692
Investments | 6 |  | 130,674 |  | 120,235
|  |  | 135,567 |  | 125,927
CURRENT ASSETS
Debtors | 7 | 279,005 |  | 279,162 |
Cash at bank and in hand |  | 122,237 |  | 71,590 |
|  | 401,242 |  | 350,752 |
Creditors: Amounts Falling Due Within One Year | 8 | (137,633 ) |  | (126,170 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 263,609 |  | 224,582
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 399,176 |  | 350,509
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (20,370 ) |  | (25,926 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,223 ) |  | (1,423 )
NET ASSETS |  |  | 377,583 |  | 323,160
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Revaluation reserve | 11 |  | 12,000 |  | 12,000
Profit and Loss Account |  |  | 365,582 |  | 311,159
SHAREHOLDERS' FUNDS |  |  | 377,583 |  | 323,160

Page 1
Page 2
Foundations Residential Limited
Balance Sheet (continued)
As At 30 September 2025
For the year ending 30 September 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 director acknowledges his 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 Foundly Director
23rd December 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Foundations Residential Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Foundations Residential Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06344746 . The registered office is Chamberlains, 1 Bank Street, Newton Abbot, TQ12 2JL.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It has now been fully amortised to profit and loss account over its estimated economic life.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents and licences and have now been fully amortised to profit and loss account over its estimated economic life.
2.5. 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:

Plant & Machinery | 25% reducing balance

Page 3
Page 4
Foundations Residential Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.6. Financial Instruments
The company holds the following financial instruments:

- Short term trade and other debtors and creditors;

- Bank loans; and

- Cash and bank balances.

All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method.
2.7. 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: 8 (2024: 9)
8 9
Page 4
Page 5
Foundations Residential Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
4. Intangible Assets

| Goodwill | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 October 2024 | 189,806 | 4,596 | 194,402
As at 30 September 2025 | 189,806 | 4,596 | 194,402
Amortisation
As at 1 October 2024 | 189,806 | 4,596 | 194,402
As at 30 September 2025 | 189,806 | 4,596 | 194,402
Net Book Value
As at 30 September 2025 | - | - | -
As at 1 October 2024 | - | - | -

5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 October 2024 | 56,437
Additions | 833
As at 30 September 2025 | 57,270
Depreciation
As at 1 October 2024 | 50,745
Provided during the period | 1,632
As at 30 September 2025 | 52,377
Net Book Value
As at 30 September 2025 | 4,893
As at 1 October 2024 | 5,692

Page 5
Page 6
Foundations Residential Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
6. Investments

| Other
--- | ---
| £
Cost
As at 1 October 2024 | 120,235
Additions | 10,439
As at 30 September 2025 | 130,674
Provision
As at 1 October 2024 | -
As at 30 September 2025 | -
Net Book Value
As at 30 September 2025 | 130,674
As at 1 October 2024 | 120,235

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | - |  | 157
Due after more than one year
Other debtors | 279,005 |  | 279,005
| 279,005 |  | 279,162

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 7,519 |  | 8,688
Bank loans and overdrafts | 5,556 |  | 5,556
Corporation tax | 17,816 |  | -
Other taxes and social security | 1,967 |  | 3,187
VAT | 9,505 |  | 12,974
Other creditors | 92,912 |  | 92,912
Accruals | 1,600 |  | 2,100
Pension creditor | 630 |  | 625
Director's loan account | 128 |  | 128
| 137,633 |  | 126,170

Page 6
Page 7
Foundations Residential Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 20,370 |  | 25,926

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

11. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 October 2024 | 12,000
As at 30 September 2025 | 12,000

Page 7