Franchise Investments & Developments Ltd - Limited company - abbreviated - 11.6
Franchise Investments & Developments Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
| for |
| Franchise Investments And Developments |
| Limited |
| Franchise Investments And Developments |
| Limited (Registered number: 04469024) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Franchise Investments And Developments |
| Limited |
| Company Information |
| for the Year Ended 31 December 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Franchise Investments And Developments |
| Limited (Registered number: 04469024) |
| Abbreviated Balance Sheet |
| 31 December 2014 |
| 31.12.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| Franchise Investments And Developments |
| Limited (Registered number: 04469024) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Franchise Investments And Developments Limited as an |
| individual company and do not contain consolidated financial information as the parent of a group. The company |
| has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
| statements. |
| Turnover |
| Turnover represents fees chargeable for services undertaken during the year, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2014 |
| and 31 December 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| Charge for year |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| Franchise Investments And Developments |
| Limited (Registered number: 04469024) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 January 2014 | 23,350 |
| Disposals | (22,300 | ) |
| At 31 December 2014 | 1,050 |
| PROVISIONS |
| At 1 January 2014 | 16,090 |
| Eliminated on disposal | (15,132 | ) |
| Provision written back | (458 | ) |
| At 31 December 2014 | 500 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | - | 445 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ | £ |
| Aggregate capital and reserves | 5,545 | 3,571 |
| Profit for the year | 4,030 | 2,576 |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | - | 6,416 |
| Franchise Investments And Developments |
| Limited (Registered number: 04469024) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2014 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | - | 757 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ | £ |
| Aggregate capital and reserves | 2,158 | 2,012 |
| Profit for the year | 1,946 | 2,899 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ | £ |
| Aggregate capital and reserves | (2,836 | ) | (2,619 | ) |
| Loss for the year | (217 | ) | (211 | ) |
| Nature of business: |
| % |
| Class of shares: | holding |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary A | 1 |
| Ordinary 'B' | 1 |
| Ordinary 'C' | 1 |
| Ordinary | £1 |
| 1,000 | 22,000 |
| Allotted and issued: |
| Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary | £1 |
| Franchise Investments And Developments |
| Limited (Registered number: 04469024) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2014 |
| 4. | CALLED UP SHARE CAPITAL - continued |
| On 8 September 2014 a capital reduction to 1000 £1 Ordinary shares was approved and the balance returned to |
| shareholders. |