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Registration number: 08863700

Fundamental Changes Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

Fundamental Changes Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Fundamental Changes Ltd

Company Information

Director | J Alexander

Registered office | No 6 The Pound Ampney Crucis GL7 5SA

Fundamental Changes Ltd

(Registration number: 08863700)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 5 | 33,390 | 40,377
Investment property | 6 | 775,000 | 710,000
Other financial assets | 7 | 1,725,998 | 1,539,503
|  | 2,534,388 | 2,289,880
Current assets |  |  |
Debtors | 9 | 167,524 | 181,217
Cash at bank and in hand |  | 340,930 | 174,518
|  | 508,454 | 355,735
Creditors: Amounts falling due within one year | 10 | (131,017) | (121,005)
Net current assets |  | 377,437 | 234,730
Net assets |  | 2,911,825 | 2,524,610
Capital and reserves |  |  |
Called up share capital |  | 180 | 180
Retained earnings |  | 2,911,645 | 2,524,430
Shareholders' funds |  | 2,911,825 | 2,524,610

Fundamental Changes Ltd

(Registration number: 08863700)
Balance Sheet as at 31 January 2026

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2026

............................................ J Alexander Director

Fundamental Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
No 6
The Pound
Ampney Crucis
GL7 5SA

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Fundamental Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% Straight line
Office equipment | 25% Straight line
Motor Vehicles | 18% Reducing balance

Investment property

Investment properties are initially measured at cost and subsequently measured at fair value. Changes in the fair value of investment properties are recognised in the income and expenditure account.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website and copyright | 20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fundamental Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2025 - 0).

Fundamental Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 February 2025 | 187,408 | 187,408
At 31 January 2026 | 187,408 | 187,408
Amortisation
At 1 February 2025 | 187,408 | 187,408
At 31 January 2026 | 187,408 | 187,408
Carrying amount
At 31 January 2026 | - | -

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 February 2025 | 27,806 | 53,280 | 81,086
Additions | 3,961 | - | 3,961
At 31 January 2026 | 31,767 | 53,280 | 85,047
Depreciation
At 1 February 2025 | 23,255 | 17,454 | 40,709
Charge for the year | 4,499 | 6,449 | 10,948
At 31 January 2026 | 27,754 | 23,903 | 51,657
Carrying amount
At 31 January 2026 | 4,013 | 29,377 | 33,390
At 31 January 2025 | 4,551 | 35,826 | 40,377

Fundamental Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6 | Investment properties

| 2026 £
At 1 February | 710,000
Fair value adjustments | 65,000
At 31 January | 775,000

The investment property comprises of a residential property and has been measured at fair value at the reporting date. The valuation was undertaken by a local estate agent with relevant knowledge of the local property market and recent comparable transactions. The valuation was prepared for the purpose of estimating the price that may reasonably be achieved if the property were marketed for sale on the open market.

The valuer is not an independent chartered surveyor or RICS-regulated valuation specialist. Accordingly, the valuation represents management’s estimate of fair value based on market information provided by the local estate agent.

Fundamental Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7 | Financial Instruments

| Financial assets at fair value through profit and loss £ | Total £
At 1 February 2025 | 1,539,503 | 1,539,503
Fair value adjustments | 87,268 | 87,268
Additions | 4,057,655 | 4,057,655
Disposals | (3,958,428) | (3,958,428)
At 31 January 2026 | 1,725,998 | 1,725,998
Impairment
Carrying amount
At 31 January 2026 | 1,725,998 | 1,725,998

8 | Investments

Market Value | Listed Equities £ | Listed Bonds £ | Bank deposits £ | Total £
At 1 February 2024 | 362,677 | 1,160,038 | 16,787 | 1,539,503
Additions | 50,000 | 3,805,325 | - | 3,855,325
Disposals | - | (3,766,282) | - | (3,766,282)
Net movement of cash deposits | - | - | 7,047 | 7,047
Change in investment values | 83,421 | 6,984 | - | 90,405
| 496,098 | 1,206,065 | 23,834 | 1,725,998

| Cost £ | Market Value £
Equities | 350,000 | 496,098
Bonds | 1,196,848 | 1,206,065
Bank deposits | 23,834 | 23,834
| 1,570,682 | 1,725,997

Fundamental Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

9 | Debtors

Current | 2026 £ | 2025 £
Prepayments | 422 | 457
Other debtors | 167,102 | 180,760
| 167,524 | 181,217

10 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Taxation and social security | 108,544 | 107,973
Accruals and deferred income | 950 | 900
Other creditors | 21,523 | 12,132
| 131,017 | 121,005

11 | Related party transactions

Transactions with the director

2026 | At 1 February 2025 £ | Repayments by director £ | At 31 January 2026 £
During the year the company made advances to a Director, incuring interest at HMRC's official interest rate. Advances are repayble on demand | 2,350 | (2,350) | -
| - | - | -
| 2,350 | (2,350) | -

Fundamental Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

2025 | At 1 February 2024 £ | Advances to director £ | At 31 January 2025 £
During the year the company made advances to a Director, incuring interest at HMRC's official interest rate. Advances are repayble on demand | - | 2,350 | 2,350
| - | - | -
| - | 2,350 | 2,350