Funds Exchange Limited
Funds Exchange Limited
Registered number: 3751981
Unaudited Financial Statements
For The Year Ended 30 September 2019
Funds Exchange Limited
Unaudited Financial Statements
For The Year Ended 30 September 2019
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
Funds Exchange Limited
Balance Sheet
As at
30 September 2019
Balance Sheet
Registered number:
3751981
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| Creditors: Amounts Falling Due After More Than One Year | 3 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (557,461) | (557,461) | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on page 2 form part of these financial statements.
Page 1
Funds Exchange Limited
Notes to the Financial Statements
For The Year Ended 30 September 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
The were no sales during the year.
1.3.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2019 | 2018 | ||
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| Office and administration |
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3.
Creditors: Amounts Falling Due After More Than One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Amounts owed to associates |
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The sole creditor was the director or a company controlled by the director.
4.
Share Capital
| 2019 | 2018 | ||
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| Allotted, Called up and fully paid |
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5.
Ultimate Controlling Party
The company's ultimate controlling party is William Owen by virtue of his ownership of 95% of the issued share capital in Worldtown Ltd which owns 100% of the Company.
6.
General Information
The Funds Exchange Ltd is a limited by shares company incorporated in England & Wales. The Registered Office is 1 The Farriers, Southrop, Lechlade, GL7 3RL.
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