Futureneed Group Ltd
Futureneed Group Ltd
Registered number: 9586731
Unaudited Financial Statements
For The Year Ended 31 December 2018
Futureneed Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Futureneed Group Ltd
Balance Sheet
As at
31 December 2018
Balance Sheet
Registered number:
9586731
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2018 | 2017 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 5 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (80,787) | (58,461) | |||
Page 1
Futureneed Group Ltd
Balance Sheet (continued)
As at
31 December 2018
Directors' responsibilities:
-
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. - 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 pages 3 to 4 form part of these financial statements.
Page 2
Futureneed Group Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2018
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.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2017 : 2).
3.
Investments
Other | |
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£ | |
Cost | |
As at |
829,226 |
As at |
829,226 |
Provision | |
As at |
- |
As at |
- |
Net Book Value | |
As at |
829,226 |
As at |
829,226 |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Futureneed Ltd: 100% (2017:100%) of the voting rights and shares held.
Registered office: 18 Whiteladies Road, Clifton, Bristol BS48 2LG.
Principal activity is property letting and its profit for the financial year ended 31 December 2018 was £126,690.
Aggregate amount of capital and reserves at the end of the period was £1,417,386.
Page 3
Futureneed Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
4.
Debtors
2018 | 2017 | ||
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£ | £ | ||
Due within one year | |||
Other debtors |
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Amounts owed by subsidiaries |
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5.
Creditors: Amounts Falling Due After More Than One Year
2018 | 2017 | ||
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£ | £ | ||
Other creditors |
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Directors loan account |
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6.
Share Capital
2018 | 2017 | ||
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Allotted, Called up and fully paid |
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7.
General Information
Futureneed Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 9586731 . The registered office is Technology House, 16/18 Whiteladies Road, Clifton, Bristol, BS8 2LG.
Page 4