ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-302022-05-23falsetrue2020-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2No description of principal activity2 02965328 2020-10-01 2021-09-30 02965328 2019-10-01 2020-09-30 02965328 2021-09-30 02965328 2020-09-30 02965328 c:Director2 2020-10-01 2021-09-30 02965328 d:CurrentFinancialInstruments 2021-09-30 02965328 d:CurrentFinancialInstruments 2020-09-30 02965328 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 02965328 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 02965328 d:ShareCapital 2021-09-30 02965328 d:ShareCapital 2020-09-30 02965328 d:RetainedEarningsAccumulatedLosses 2021-09-30 02965328 d:RetainedEarningsAccumulatedLosses 2020-09-30 02965328 c:FRS102 2020-10-01 2021-09-30 02965328 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 02965328 c:FullAccounts 2020-10-01 2021-09-30 02965328 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 02965328 6 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure

Registered number: 02965328

FOS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOS LIMITED

REGISTERED NUMBER: 02965328

BALANCE SHEET

AS AT 30 SEPTEMBER 2021

	2021	2021	2020	2020
	£	£	£	£


Current assets
Current asset investments	4	144,200		146,281
Cash at bank and in hand	5	36,812		47,323
		181,012		193,604
Creditors: amounts falling due within one year	6	(46,200)		(43,763)
Net current assets			134,812		149,841
Total assets less current liabilities			134,812		149,841

Net assets			134,812		149,841

Capital and reserves
Called up share capital	2	2
Profit and loss account	134,810	149,839
	134,812	149,841

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 May 2022.

K W McGrath

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

FOS LIMITED

REGISTERED NUMBER: 02965328

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2021

Page 2

FOS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.	General information

FOS Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 3 Poultney Close, Shenley, Radlett, England, WD7 9JH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is GBP and is rounded to the nearest pound.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate.

2.3

Revenue

Revenue comprises the company’s share of profit distributions received from investments in theatrical productions and are recognised in the period the distribution is confirmed by the producer of the theatrical production.

2.4

Investments in productions

Investments in productions are initially recognised at cost and are subsequently recognised at the recoupable amount at the reporting date being the amount invested less amounts recovered, plus anticipated profits and after making provision for losses where recovery of outstanding investments in full is not anticipated. Net surplus' on investments in productions are recognised as income within the Statement of income and retained earnings. Net shortfalls on investments in productions are recognised as expenditure within the Statement of income and retained earnings.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

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FOS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

2.7

Creditors

Short term creditors are measured at the transaction price.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

4.	Current asset investments
		2021	2020
		£	£

Investment in productions	144,200	146,281
	144,200	146,281

5.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	36,812	47,323
	36,812	47,323

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FOS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Other creditors	40,763	40,763
Accruals	5,437	3,000
	46,200	43,763

7.	Controlling party

Throughout the period the company was under the control of the director, J E Frost.

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