Futureform Europe Limited - Period Ending 2014-12-31

Registration number: 06732555

Futureform Europe Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Carter Nicholls Limited
Victoria House
Stanbridge Park
Staplefield Lane
Staplefield
West Sussex
RH17 6AS

Futureform Europe Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Futureform Europe Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Futureform Europe Limited for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Futureform Europe Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Futureform Europe Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Futureform Europe Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Futureform Europe Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Futureform Europe Limited. You consider that Futureform Europe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Futureform Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Carter Nicholls Limited
Victoria House
Stanbridge Park
Staplefield Lane
Staplefield
West Sussex
RH17 6AS

28 August 2015

Page 1

Futureform Europe Limited
(Registration number: 06732555)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Investments					1,051,823			1,122,613
Current assets
Debtors					682,461			682,461
Creditors: Amounts falling due within one year					(101)			(101)
Net current assets					682,360			682,360
Net assets					1,734,183			1,804,973
Capital and reserves
Called up share capital		3			682,461			682,461
Revaluation reserve					1,051,722			1,122,512
Shareholders' funds					1,734,183			1,804,973

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 28 August 2015 and signed on its behalf by:

.........................................
Mr Steven John Barrett
Director

.........................................
Mr Anthony Fox
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Futureform Europe Limited
(Registration number: 06732555)
Abbreviated Balance Sheet at 31 December 2014
......... continued

.........................................
Mr Christopher James Gibbard
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Futureform Europe Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 January 2014		1,122,613			1,122,613
Revaluations		(70,790)			(70,790)
At 31 December 2014		1,051,823			1,051,823
Depreciation
At 31 December 2014		-			-
Net book value
At 31 December 2014		1,051,823			1,051,823
At 31 December 2013		1,122,613			1,122,613

Details of undertakings

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:

Page 4

Futureform Europe Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Futureform Modular Limited	England	Ordinary	100%	construction and civil engineering
Futureform Building Systems Limited	England	Ordinary	100%	to hold intellectual property rights

The profit for the financial period of Futureform Modular Limited was £46,210 and the aggregate amount of capital and reserves at the end of the period was £115,822.

The loss for the financial period of Futureform Building Systems Limited was £117,000 and the aggregate amount of capital and reserves at the end of the period was £936,001.

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary A of £1 each		2			2			2			2
Ordinary of £1 each		1,500			1,500			1,500			1,500
Preference of £1 each		680,959			680,959			680,959			680,959
		682,461			682,461			682,461			682,461

4

Control

The company is controlled by Renascent Ltd and Tingdene Investments Ltd, companies incorporated in England and Wales.

Page 5