Future of London 2011 Limited

Future of London 2011 Limited

FUTURE OF LONDON 2011 LIMITED - Company Information

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Company Registration No. 07575624 (England and Wales)
Future of London 2011 Limited Unaudited accounts for the year ended 31 March 2023
Future of London 2011 Limited Unaudited accounts Contents
Page
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Future of London 2011 Limited Company Information for the year ended 31 March 2023
Directors
C Forbes L Garner (Chair) J S Lumley D S Lunts L Turner L M Keltie R A Utuka R J Seeley R M Bagenal A J Were R P Bose E A Everett P T Graham C L Harper H A Satchwell
Secretary
N Mathers
Company Number
07575624 (England and Wales)
Registered Office
70 Cowcross Street London EC1M 6EJ United Kingdom
Accountants
Honest Advisory Limited 1 Tylecroft Road London SW16 4BL
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Future of London 2011 Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Future of London 2011 Limited for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Honest Advisory Limited Chartered Accountants 1 Tylecroft Road London SW16 4BL 16 October 2023
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Future of London 2011 Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
465 
620 
Current assets
Debtors
5
225,458 
138,981 
Cash at bank and in hand
434,822 
449,102 
660,280 
588,083 
Creditors: amounts falling due within one year
6
(460,897)
(350,027)
Net current assets
199,383 
238,056 
Net assets
199,848 
238,676 
Reserves
7
Profit and loss account
199,848 
238,676 
Members' funds
199,848 
238,676 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
L Garner (Chair) Director Company Registration No. 07575624
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Future of London 2011 Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Future of London 2011 Limited is a private company, limited by guarantee, registered in England and Wales, registration number 07575624. The registered office is 70 Cowcross Street, London, EC1M 6EJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
6,274 
At 31 March 2023
6,274 
Depreciation
At 1 April 2022
5,654 
Charge for the year
155 
At 31 March 2023
5,809 
Net book value
At 31 March 2023
465 
At 31 March 2022
620 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
225,458 
138,981 
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Future of London 2011 Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
31,206 
15,240 
Trade creditors
50,655 
44,655 
Taxes and social security
12,722 
13,822 
Other creditors
678 
1,159 
Deferred income
365,636 
275,151 
460,897 
350,027 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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