The Bield Futures Limited - Accounts to registrar (filleted) - small 18.2
The Bield Futures Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2019 |
| for |
| The Bield Futures Limited |
| The Bield Futures Limited (Registered number: 10411992) |
| Contents of the Financial Statements |
| for the year ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| The Bield Futures Limited |
| Company Information |
| for the year ended 31 March 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Datum House |
| Electra Way |
| Crewe |
| Cheshire |
| CW1 6ZF |
| The Bield Futures Limited (Registered number: 10411992) |
| Statement of Financial Position |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital contribution |
| Retained earnings |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The Bield Futures Limited (Registered number: 10411992) |
| Statement of Financial Position - continued |
| 31 March 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| The Bield Futures Limited (Registered number: 10411992) |
| Notes to the Financial Statements |
| for the year ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| The Bield Futures Limited ('The Company') is a family investment company. |
| The company is a private company limited by shares and is incorporated in England and Wales. The address of |
| the principal place of business and the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 |
| 6ZF. The registered number can be found on the Company Information page. |
| The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary |
| amounts in these financial statements are rounded to the nearest £. |
| 2. | ACCOUNTING POLICIES |
| Summary of significant accounting polices |
| The principle accounting policies applied in the preparation of these financial statements are set out below. |
| These policies have been consistently applied to all years presented, unless otherwise stated. |
| Basis of preparation |
| The financial statements are prepared on the going concern basis under the historical cost convention and comply |
| with the United Kingdom Accounting Standards and Companies Act 2006. |
| Going concern |
| No material uncertainties that may cast significant doubt about the ability of the company to continue as a going |
| concern have been identified by the directors. |
| On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Investment property is shown at fair value, the fair value is reviewed annually by the directors. Any aggregate |
| surplus or deficit arising from changes in the fair value in the period is recognised in the profit or loss within the |
| Statement of Comprehensive Income. The cumulative fair value surplus on the investment property is highlighted |
| in the notes to the financial statements as non-distributable reserves. Rentals received in the period from the |
| investment property are included in other income. Rentals are recognised on a straight line basis over the period |
| of the lease or to the date of the next rent review. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the end of the financial year. |
| The Bield Futures Limited (Registered number: 10411992) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the . |
| end of the financial year. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Listed investments |
| Listed investments are shown at fair value, the fair value is reviewed annually by the directors. Any aggregate |
| surplus or deficit arising from changes in the fair value in the period is recognised in the profit or loss within the |
| Statement of Comprehensive Income. Investment income from listed investments is included in other income. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - |
| 4. | FIXED ASSET INVESTMENTS |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2018 | 453,810 |
| Additions | 9,427 |
| Revaluations | ( |
) | (8,760 | ) |
| At 31 March 2019 | 454,477 |
| NET BOOK VALUE |
| At 31 March 2019 | 454,477 |
| At 31 March 2018 | 453,810 |
| Cost or valuation at 31 March 2019 is represented by: |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| Valuation in 2019 | 454,457 | - | 454,457 |
| Cost | - | 20 | 20 |
| 454,457 | 20 | 454,477 |
| The Bield Futures Limited (Registered number: 10411992) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2019 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2018 |
| Additions |
| Revaluations | 43,027 |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| Fair value at 31 March 2019 is represented by: |
| £ |
| Valuation in 2019 | 480,000 |
| Cost | 160,131 |
| 640,131 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other creditors |
| Shareholder loan accounts | 351,520 | 225,497 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments receivable fall due as follows: |
| Non- |
| cancellable |
| operating |
| leases |
| 2018 |
| £ |
| Within one year | 6,975 |
| Between one and five years | - |
| 6,975 |