ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-10-01falseNo description of principal activity22falsetrue 02965328 2021-10-01 2022-09-30 02965328 2020-10-01 2021-09-30 02965328 2022-09-30 02965328 2021-09-30 02965328 c:Director2 2021-10-01 2022-09-30 02965328 d:CurrentFinancialInstruments 2022-09-30 02965328 d:CurrentFinancialInstruments 2021-09-30 02965328 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 02965328 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 02965328 d:ShareCapital 2022-09-30 02965328 d:ShareCapital 2021-09-30 02965328 d:RetainedEarningsAccumulatedLosses 2022-09-30 02965328 d:RetainedEarningsAccumulatedLosses 2021-09-30 02965328 c:FRS102 2021-10-01 2022-09-30 02965328 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 02965328 c:FullAccounts 2021-10-01 2022-09-30 02965328 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 02965328 6 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure

Registered number: 02965328

FOS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOS LIMITED

REGISTERED NUMBER: 02965328

BALANCE SHEET

AS AT 30 SEPTEMBER 2022

	2022	2022	2021	2021
	£	£	£	£


Current assets
Debtors: amounts falling due within one year	4	1,036		-
Current asset investments	5	172,862		144,200
Cash at bank and in hand	6	35,417		36,812
		209,315		181,012
Creditors: amounts falling due within one year	7	(83,245)		(46,200)
Net current assets			126,070		134,812
Total assets less current liabilities			126,070		134,812

Net assets			126,070		134,812

Capital and reserves
Called up share capital	2	2
Profit and loss account	126,068	134,810
	126,070	134,812

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 9 June 2023.

K W Mcgrath

Page 1

FOS LIMITED

REGISTERED NUMBER: 02965328

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2022

Director

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

Page 2

FOS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

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.

Page 3

FOS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

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 (2021 - 2).

Debtors

					2022	2021
					£	£


Other debtors	1,036	-
	1,036	-

5.	Current asset investments
		2022	2021
		£	£

Investment in productions	172,862	144,200
	172,862	144,200

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	35,417	36,812
	35,417	36,812

Page 4

FOS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	4,200	-
Other creditors	79,045	40,763
Accruals	-	5,437
	83,245	46,200

8.	Related party transactions
	At the balance sheet date, creditors include £74,045 (2021: £10,763) owed to one of the directors and a company in which they have an interest.

9.	Controlling party

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

Page 5