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# FORUM FOR SUSTAINABLE NEW VENTURE

## Company limited by guarantee

## Company Registration Number:
08968575 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 1 April 2024

## End date: 31 March 2025

# FORUM FOR SUSTAINABLE NEW VENTURE

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report |
Balance sheet |
Additional notes |
Balance sheet notes |

# FORUM FOR SUSTAINABLE NEW VENTURE

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Dr B Ajayi
Ms M Ojedeji
Mrs O Ajayi

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 December 2025

And signed on behalf of the board by:
Name: Dr B Ajayi
Status: Director

# FORUM FOR SUSTAINABLE NEW VENTURE

## Balance sheet

As at 31 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: | 3 | 14,248 | 16,283
Tangible assets: | 4 | 27,483 | 35,155
Investments: |  | 0 | 0
Total fixed assets: |  | 41,731 | 51,438
Current assets
Stocks: |  | 0 | 0
Debtors: | 5 | 406,920 | 308,112
Cash at bank and in hand: |  | 196 | 28,390
Investments: |  | 0 | 0
Total current assets: |  | 407,116 | 336,502
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 6 | ( 20,534 ) | ( 19,580 )
Net current assets (liabilities): |  | 386,582 | 316,922
Total assets less current liabilities: |  | 428,313 | 368,360
Creditors: amounts falling due after more than one year: | 7 | ( 87,383 ) | ( 39,401 )
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 340,930 | 328,959
Members' funds
Profit and loss account: |  | 340,930 | 328,959
Total members' funds: |  | 340,930 | 328,959

The notes form part of these financial statements

# FORUM FOR SUSTAINABLE NEW VENTURE

## Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 December 2025
and signed on behalf of the board by:

Name: Dr B Ajayi
Status: Director

The notes form part of these financial statements

# FORUM FOR SUSTAINABLE NEW VENTURE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  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 rendering of services. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is recognised only to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

  Tangible fixed assets depreciation policy

  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: Fixtures and fittings – 15%; Computer equipment – 15%.

  Intangible fixed assets amortisation policy

  Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income and expenditure account over its estimated economic life.

# FORUM FOR SUSTAINABLE NEW VENTURE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 12 | 10

# FORUM FOR SUSTAINABLE NEW VENTURE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 3. Intangible assets

| Goodwill | Other | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 1 April 2024 | 25,439 | 0 | 25,439
Additions | 0 | 0 | 0
Disposals | 0 | 0 | 0
Revaluations | 0 | 0 | 0
Transfers | 0 | 0 | 0
At 31 March 2025 | 25,439 | 0 | 25,439
Amortisation |  |  |
At 1 April 2024 | 9,156 | 0 | 9,156
Charge for year | 2,035 | 0 | 2,035
On disposals | 0 | 0 | 0
Other adjustments | 0 | 0 | 0
At 31 March 2025 | 11,191 | 0 | 11,191
Net book value |  |  |
At 31 March 2025 | 14,248 | 0 | 14,248
At 31 March 2024 | 16,283 | 0 | 16,283

# FORUM FOR SUSTAINABLE NEW VENTURE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2024 | 0 | 0 | 55,941 | 38,259 | 0 | 94,200
Additions | 0 | 0 | 0 | 0 | 0 | 0
Disposals | 0 | 0 | 0 | 0 | 0 | 0
Revaluations | 0 | 0 | 0 | 0 | 0 | 0
Transfers | 0 | 0 | 0 | 0 | 0 | 0
At 31 March 2025 | 0 | 0 | 55,941 | 38,259 | 0 | 94,200
Depreciation |  |  |  |  |  |
At 1 April 2024 | 0 | 0 | 28,222 | 30,823 | 0 | 59,045
Charge for year | 0 | 0 | 4,203 | 3,469 | 0 | 7,672
On disposals | 0 | 0 | 0 | 0 | 0 | 0
Other adjustments | 0 | 0 | 0 | 0 | 0 | 0
At 31 March 2025 | 0 | 0 | 32,425 | 34,292 | 0 | 66,717
Net book value |  |  |  |  |  |
At 31 March 2025 | 0 | 0 | 23,516 | 3,967 | 0 | 27,483
At 31 March 2024 | 0 | 0 | 27,719 | 7,436 | 0 | 35,155

# FORUM FOR SUSTAINABLE NEW VENTURE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 406,920 | 308,112
Prepayments and accrued income | 0 | 0
Other debtors | 0 | 0
Total | 406,920 | 308,112
Debtors due after more than one year: | 0 | 0

# FORUM FOR SUSTAINABLE NEW VENTURE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Trade creditors | 0 | 0
Taxation and social security | 0 | 0
Accruals and deferred income | 0 | 0
Other creditors | 20,534 | 19,580
Total | 20,534 | 19,580

# FORUM FOR SUSTAINABLE NEW VENTURE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 7. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Other creditors | 87,383 | 39,401
Total | 87,383 | 39,401