Company Registration No. 09560997 (England and Wales)
Finance Uncovered Limited
Unaudited accounts
for the year ended 31 December 2021
Finance Uncovered Limited
Company Information
for the year ended 31 December 2021
Directors
Nick Mathiason
Eugene McConville
Deborah Doane
Peter A Jeory
John Githongo
Robin Pierro
Company Number
09560997 (England and Wales)
Registered Office
Suite 319, The Pill Box
115 Coventry Road
London
E2 6GG
Accountants
Mawney Accountancy
1 Beech Street
Romford
Essex
RM7 7LA
Finance Uncovered Limited
Statement of financial position
as at
31 December 2021
Tangible assets
451
1,715
Cash at bank and in hand
896,115
485,236
Creditors: amounts falling due within one year
(873,269)
(464,250)
Net current assets
33,021
30,324
Profit and loss account
33,472
32,039
Members' funds
33,472
32,039
For the year 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 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 31 March 2022 and were signed on its behalf by
Nick Mathiason
Director
Company Registration No. 09560997
Finance Uncovered Limited
Notes to the Accounts
for the year ended 31 December 2021
Finance Uncovered Limited is a private company, limited by guarantee, registered in England and Wales, registration number 09560997. The registered office is Suite 319, The Pill Box, 115 Coventry Road, London, E2 6GG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
The Directors have agreed a de minimis limit of £500, any items costing less than this are expensed.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight-line basis
Computer equipment
33% straight-line basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
1,314
6,634
7,948
At 31 December 2021
1,314
6,634
7,948
At 1 January 2021
1,131
5,102
6,233
Charge for the year
152
1,112
1,264
At 31 December 2021
1,283
6,214
7,497
At 31 December 2021
31
420
451
At 31 December 2020
183
1,532
1,715
Finance Uncovered Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
9,821
9,338
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
4,819
1,879
Taxes and social security
9,321
12,670
Deferred income
852,769
444,473
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 4 (2020: 5).