Company Registration No. 13692466 (England and Wales)
Futura Capital Ltd
Unaudited accounts
for the year ended 31 October 2025
Futura Capital Ltd
Unaudited accounts
Contents
Futura Capital Ltd
Company Information
for the year ended 31 October 2025
Directors
J F McLaughlin
A H Cowley
Company Number
13692466 (England and Wales)
Registered Office
134 Wellmeadow Road
London
SE6 1HP
England
Futura Capital Ltd
Statement of financial position
as at 31 October 2025
Investments
638,769
182,000
Cash at bank and in hand
362,691
-
Creditors: amounts falling due within one year
(3,839)
-
Net current assets
1,004,683
-
Total assets less current liabilities
1,643,452
182,000
Creditors: amounts falling due after more than one year
-
(182,000)
Called up share capital
10
-
Profit and loss account
1,643,442
-
Shareholders' funds
1,643,452
-
For the year ending 31 October 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by
J F McLaughlin
Director
Company Registration No. 13692466
Futura Capital Ltd
Notes to the Accounts
for the year ended 31 October 2025
Futura Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 13692466. The registered office is 134 Wellmeadow Road, London, SE6 1HP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2023
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investments in shares are included at fair value.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Futura Capital Ltd
Notes to the Accounts
for the year ended 31 October 2025
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
There are no other key sources of estimation uncertainty.
4
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 November 2024
182,000
-
182,000
Additions
-
624,634
624,634
Fair value adjustments
-
64,122
64,122
Disposals
(182,000)
(49,987)
(231,987)
Valuation at 31 October 2025
-
638,769
638,769
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
913
-
Loans from directors
1,194
-
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 1).