Fount Investment Ltd


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Registered number: 13062841
Fount Investment Ltd
Financial Statements
For the Period 4 December 2020 to 31 December 2021
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13062841
31 December 2021
Notes £ £
FIXED ASSETS
Tangible Assets 3 1,250,000
1,250,000
CURRENT ASSETS
Debtors 4 1,000
1,000
NET CURRENT ASSETS (LIABILITIES) 1,000
TOTAL ASSETS LESS CURRENT LIABILITIES 1,251,000
Creditors: Amounts Falling Due After More Than One Year 5 (1,250,000 )
NET ASSETS 1,000
CAPITAL AND RESERVES
Called up share capital 6 1,000
SHAREHOLDERS' FUNDS 1,000
For the period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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
Dr Ahmed Albazie
Director
1st September 2022
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
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 FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
3. Tangible Assets
Land & Property
Freehold
£
Cost
As at 4 December 2020 -
Additions 1,250,000
As at 31 December 2021 1,250,000
Net Book Value
As at 31 December 2021 1,250,000
As at 4 December 2020 -
4. Debtors
31 December 2021
£
Due within one year
Called up share capital not paid 1,000
1,000
5. Creditors: Amounts Falling Due After More Than One Year
31 December 2021
£
Amounts owed to related parties 1,250,000
1,250,000
Page 2
Page 3
6. Share Capital
31 December 2021
Called Up Share Capital not Paid 1,000
Amount of Allotted, Called Up Share Capital 1,000
7. General Information
Fount Investment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13062841 . The registered office is 207 Clarendon Road, Leeds, LS2 9DU.
Page 3