| Filleted Unaudited Financial Statements |
| for |
| Favours Inc LLP |
| Statement of Financial Position |
| at 31 March 2026 |
| Note | 2026 | 2025 |
| £ | £ |
| Fixed Assets |
| Intangible assets | | - | - |
| Tangible assets | 5 | - | - |
| Investments | | 884,000 | 884,000 |
| | 884,000 | | 884,000 |
| Current assets |
| Stocks | | - | | - | |
| Debtors | 3 | 178 | | 100 | |
| Cash at bank and in hand | | 36,524 | | 36,917 | |
| 36,702 | | 37,017 | |
| Creditors: amounts falling due within one year | 4 | (1,894) | | (1,625) | |
| Net current assets | | 34,808 | | 35,392 |
| |
| Total assets less current liabilities | | 918,808 | | 919,392 |
| |
| Creditors: amounts falling due after more than one year | | (551,910) | (549,661) |
| |
| Net Assets | | 366,898 | | 369,731 |
| |
| Members' Interests |
| Capital Accounts | | - | - |
| Profit and Loss account | | 366,898 | 369,731 |
| |
| Total Equity | | | 366,898 | | 369,731 |
|
| Statement of Accordance with Small Companies regime, and Audit not required |
| The LLP members confirm that financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLP regime and in accordance with the provisions of FRS 102 Section 1A - small entities. |
| The LLP members confirm that the LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The LLP members have not required the partnership to obtain an audit of its accounts for the year in question in accordance with section 476. No audit has been obtained |
| The LLP members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
| The income statement and directors report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to the small LLP regime. |
| Other Footnotes |
| None |
|
| Signature of Statement of Financial Position |
| |
| Signed by |
| Designated Member | Olaitan Johnson Abimbola |
| Approved by the members, | 22 July 2026 |
| |
|
| 2. Basis of Preparation and Policies |
| The financial statements are prepared under the historical cost convention and in accordance with FRS 102 section 1A, the Financial Reporting Standard applicable in the UK and Republic of Ireland applicable to Smaller Entities. |
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
| Statement of Cash flows |
| Exempt from cash flow statement requirement : true |
|
| Accounting Policies |
| Turnover |
| Turnover represents revenue earned during the period, net of Value Added Tax. |
| Tangible fixed assets and depreciation |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: |
| Plant and machinery -- over a period of between 2 and 5 years straight line |
| Computer equipment -- over a period of 3 years straight line |
| Motor vehicles -- over a period of between 2 and 5 years straight line |
| The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. |
| Other |
|