FWD_GROUP_LIMITED - Accounts

FWD GROUP LIMITED - Company Information

Print Friendly Version

Company Registration No. 04946272 (England and Wales)

FWD GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FWD GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FWD GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

106,548

125,533

Current assets

Debtors

100

Cash at bank and in hand

75,025

75,125

150

Creditors: amounts falling due within one year

(180,673)

(124,683)

Net current liabilities

(105,548)

(124,533)

Total assets less current liabilities

1,000

Capital and reserves

Called up share capital

717

Other reserves

283

Shareholders' funds

1,000

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 September 2016

Mr K Kyriacou

Director

Company Registration No. 04946272

FWD GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

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

Fixed assets

Investments

Cost

At 1 January 2015

125,533

Additions

2,015

Disposals

(21,000)

At 31 December 2015

106,548

At 31 December 2014

125,533

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

FWD Financial Services Marketing Ltd

Ordinary

100.00

First Quartile Ltd

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

FWD Financial Services Marketing Ltd

Financial services marketing

282,056

141,738

First Quartile Ltd

Public relations and communications activities

(76,458)

4,029

FWD GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

7,170 Ordinary of 10p each

717

Ultimate parent company

The controlling party of the company is Glek Holdings Limited, a company registered in England and Wales, owned and controlled by the directors of this company, K Kyriacou and E Lane