ACCOUNTS - Final Accounts

CAPTAIN FANTASTIC ENTERPRISES LIMITED - Company Information

Registered number: 01216906

CAPTAIN FANTASTIC ENTERPRISES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021


CAPTAIN FANTASTIC ENTERPRISES LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 3


CAPTAIN FANTASTIC ENTERPRISES LIMITED REGISTERED NUMBER:01216906

STATEMENT OF FINANCIAL POSITION

AS AT 5 APRIL 2021

		2021		2020
Note		£		£

Fixed assets
Intangible assets	4		22,100		22,100
Current liabilities
Creditors: amounts falling due within one year	5	(22,100)		(22,100)
Net current liabilities			(22,100)		(22,100)

Net assets			-		-

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(100)	(100)
		-	-

For the year ended 5 April 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 director acknowledges his 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 comprehensive income 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 31 October 2021.

D Furnish

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1


CAPTAIN FANTASTIC ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2021

1.	General information

Captain Fantastic Enterprises Limited is a private limited liability company registered in England and Wales. Its registered office and business address is 1 Blythe Road, London, W14 0HG.
The principal activity of the company is that of the exploitation of artwork.
The company's functional and presentational currency is £ sterling.

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.

2.2

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Digital images

years

No amortisation is provided for until the company starts to generate income from the expolitation of the digital image rights.

2.3

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as other creditors and loans from related parties.
Other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

Page 2


CAPTAIN FANTASTIC ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2021

4.	Intangible assets

		Digital images
		£
	Cost
	At 6 April 2020	22,100
	At 5 April 2021	22,100

	Net book value
	At 5 April 2021	22,100
	At 5 April 2020	22,100

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

	Other creditors	22,100	22,100

6.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

Page 3