Fownd Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06746443

Fownd Limited

Filleted Unaudited Financial Statements

31 December 2025

Fownd Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Current assets

Debtors	4	263,805	402,190
Cash at bank and in hand		6,021	37,555
		---------	---------
		269,826	439,745

Creditors: amounts falling due within one year	5	324,864	488,733
		---------	---------
Net current liabilities		55,038	48,988
		--------	--------
Total assets less current liabilities		( 55,038)	( 48,988)
		--------	--------
Net liabilities		( 55,038)	( 48,988)
		--------	--------

Capital and reserves

Called up share capital	102	102
Profit and loss account	( 55,140)	( 49,090)
	--------	--------
Shareholders deficit	( 55,038)	( 48,988)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 3 June 2026 , and are signed on behalf of the board by:

Mr P A Talbot
Director

Company registration number: 06746443

Fownd Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Doolittle Yard, Ampthill, Bedfordshire, MK45 2NW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts are prepared on a going concern basis. The principal creditor remains the company's sole shareholder and that shareholder has noted that they will continue to support the operational requirements of the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2025	2024
	£	£
Trade debtors	257,961	398,047
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	4,143
Other debtors	5,844	–
	---------	---------
	263,805	402,190
	---------	---------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	47,596	101,091
Amounts owed to group undertakings and undertakings in which the company has a participating interest	266,191	378,932
Corporation tax	–	200
Social security and other taxes	4,777	5,510
Other creditors	6,300	3,000
	---------	---------
	324,864	488,733
	---------	---------