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Company registration number: 00787649
Second Poore Limited
Company limited by guarantee
Unaudited filleted financial statements
31 December 2025
Second Poore Limited
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Second Poore Limited
Company limited by guarantee
Statement of financial position
31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Investments 6 200,000 200,000
_______ _______
200,000 200,000
Current assets
Debtors 7 20,541 510
Cash at bank and in hand 3,070 159,638
_______ _______
23,611 160,148
Creditors: amounts falling due
within one year 8 ( 3,673) ( 4,298)
_______ _______
Net current assets 19,938 155,850
_______ _______
Total assets less current liabilities 219,938 355,850
_______ _______
Net assets 219,938 355,850
_______ _______
Capital and reserves
Profit and loss account 219,938 355,850
_______ _______
Members funds 219,938 355,850
_______ _______
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 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 September 2026 , and are signed on behalf of the board by:
Hon. T Borwick
Director
Company registration number: 00787649
Second Poore Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2025
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 15 Great College Street, London, SW1P 3RX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, 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.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Limited by guarantee
The company has no share capital and is limited by guarantee. The number of members that the company has is five and each member has undertaken to contribute to the assets of the company a sum not exceeding £1 in the event of the company being wound up.
5. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
6. Investments
Shares in group undertakings Total
£ £
Cost
At 1 January 2025 and 31 December 2025 200,000 200,000
_______ _______
Impairment
At 1 January 2025 and 31 December 2025 - -
_______ _______
Carrying amount
At 31 December 2025 200,000 200,000
_______ _______
At 31 December 2024 200,000 200,000
_______ _______
The comnpany owns 100% of the issued share capital of Federated Trust Corrporation Limited, a company registered in England and Wales and whose principal activity is the provision of management and advisory services and making loans. In the opinion of the members, the aggregate value of the company's investment in the subsidiary undetaking is not less than the value of the investment as shown in the balance sheet.
7. Debtors
2025 2024
£ £
Other debtors 20,541 510
_______ _______
8. Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 3,673 4,298
_______ _______