Future Leap Clifton Limited

(Registration number: 13888777)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	33,976	39,041
Current assets
Debtors	5	7,658	4,713
Cash at bank and in hand		398	4,654
		8,056	9,367
Creditors: Amounts falling due within one year	6	(32,832)	(18,908)
Net current liabilities		(24,776)	(9,541)
Total assets less current liabilities		9,200	29,500
Provisions for liabilities		(2,935)	(6,750)
Net assets		6,265	22,750
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		6,165	22,650
Total equity		6,265	22,750

Future Leap Clifton Limited

(Registration number: 13888777)
Balance Sheet as at 31 July 2025

For the financial period ending 31 July 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 31 July 2026 and signed on its behalf by:
 

.........................................

Mr A N Bailey
Director

Future Leap Clifton Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 July 2025

1	Statutory information

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

The address of its registered office is:
The Old Chapel
16 Oakfield Road
Bristol
BS8 2AP

2	Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Disclosure of long or short period

The current year financial statements were prepared for the long period from 1 June 2024 to 31 July 2025. The comparative amounts including the related notes are therefore not entirely comparable.

Future Leap Clifton Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 July 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of co-working space & media studio in the ordinary course of the company’s activities. Turnover is shown net of 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.

Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Plant and machinery	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Future Leap Clifton Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 July 2025

Trade debtors

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 recognised at the transaction price.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

Future Leap Clifton Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 July 2025

4	Tangible fixed assets

	Plant and machinery £
Cost
At 1 June 2024	43,412
At 31 July 2025	43,412
Depreciation
At 1 June 2024	4,371
Charge for the period	5,065
At 31 July 2025	9,436
Carrying amount
At 31 July 2025	33,976
At 31 May 2023	39,041

5	Debtors: amounts falling due within one year

	Note	2025 £	2024 £
Trade debtors		2,513	2,035
Amounts owed by group undertakings	8	600	-
Prepayments		1,227	1,854
Other debtors		3,318	355
Corporation tax		-	469
		7,658	4,713

Future Leap Clifton Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 July 2025

6

Creditors

	2025 £	2024 £
Amounts falling due within one year
Trade creditors	28,959	15,647
Other creditors	1,385	1,000
Accruals	1,850	1,650
Director's loan accounts	638	611
	32,832	18,908

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Future Leap Clifton Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 July 2025

8	Related party transactions

Summary of transactions with entities with joint control or significant interest

Income and receivables from related parties

2025	Parent £
Amounts receivable from related party	600

2024	Parent £
Amounts receivable from related party	100

Expenditure with and payables to related parties

2025	Parent £
Receipt of services	68,104

2024	Parent £
Receipt of services	68,039